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2015 Mercedes-Benz M-Class Lease Questions

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Comments

  • freshe46freshe46 Posts: 26
    Ok..sorry to ask again..if my MSRP is $62,715 and my selling price is $54,584. the residual value (56%) is on the selling price in this case? Thanks.
  • MichaellMichaell ColoradoPosts: 171,230
    freshe46 said:

    Ok..sorry to ask again..if my MSRP is $62,715 and my selling price is $54,584. the residual value (56%) is on the selling price in this case? Thanks.

    freshe46 said:

    Ok..sorry to ask again..if my MSRP is $62,715 and my selling price is $54,584. the residual value (56%) is on the selling price in this case? Thanks.

    Nope, on the $62,715 - 56% of that is $35,120. The difference between your selling price and the residual value determines the depreciation portion of your payment:

    $54,584 - $35,120 = $19,464. Over 36 months, that works out to $540.67/mo.

    Then you add the rent charge (interest) to that, then sales tax to the total of the two.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hi...I am working my first lease and wanted to get some insight since I have learned so much from this site already.

    2015 ML 350 4Matic
    MSRP: 61731
    Sale Price: 54323
    Out the door price: 57973 (taxes & other fees included)
    Term: 36m/12k miles
    mf: .00149

    Option 1
    out of pocket: 4000
    payment incl. IA taxes: 698

    or Option 2
    out of pocket: 1775
    payment incl. IA taxes: 796

    It seems like a good deal but I am not sure about the 4k out of pocket since their quote doesn't show it being applied to the final price. Is there anything else in all that that I should be looking for? Thanks!
  • kyfdxkyfdx Posts: 176,751
    ayflscia said:

    Hi...I am working my first lease and wanted to get some insight since I have learned so much from this site already.

    2015 ML 350 4Matic
    MSRP: 61731
    Sale Price: 54323
    Out the door price: 57973 (taxes & other fees included)
    Term: 36m/12k miles
    mf: .00149

    Option 1
    out of pocket: 4000
    payment incl. IA taxes: 698

    or Option 2
    out of pocket: 1775
    payment incl. IA taxes: 796

    It seems like a good deal but I am not sure about the 4k out of pocket since their quote doesn't show it being applied to the final price. Is there anything else in all that that I should be looking for? Thanks!

    .00099 MF and 55% residual.

    Get a breakdown of the OTD price. Make sure all of the charges are relevant to a lease. Also, make sure you know how Iowa taxes a lease. Is it on the monthly payment? Collected upfront? Do they tax the full purchase price on a lease?

    Also, ask for the CAP cost on those two examples, and what is added or subtracted from the selling price to get there.

    We already know that they've marked up the money factor. Need to find out what else is hiding in the numbers.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • fjab1fjab1 Posts: 19
    Hi Michael,
    I am looking at a ML 350 4MATIC as well (posted a GL question in the other thread) to see which option will work. going b/w 5 and 7 seater choices. Can you help me with the MF, Residual for 36mths for12/15k miles?
    The MSRP of the one I looked up is $62,530 and has premium, park assist pkgs. What would a typical deal look like for the above SUV?

    This is a great forum BTW! so much good information. Thanks!
  • fjab1fjab1 Posts: 19
    I am in Las Vegas, NV
  • MichaellMichaell ColoradoPosts: 171,230
    fjab1 said:

    Hi Michael,
    I am looking at a ML 350 4MATIC as well (posted a GL question in the other thread) to see which option will work. going b/w 5 and 7 seater choices. Can you help me with the MF, Residual for 36mths for12/15k miles?
    The MSRP of the one I looked up is $62,530 and has premium, park assist pkgs. What would a typical deal look like for the above SUV?

    This is a great forum BTW! so much good information. Thanks!

    .00099 and 53% for 36/15. Add 2% for 12K.

    We would need to know the net cap cost in order to model a payment for you.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • fjab1fjab1 Posts: 19
    Michaell said:

    fjab1 said:

    Hi Michael,
    I am looking at a ML 350 4MATIC as well (posted a GL question in the other thread) to see which option will work. going b/w 5 and 7 seater choices. Can you help me with the MF, Residual for 36mths for12/15k miles?
    The MSRP of the one I looked up is $62,530 and has premium, park assist pkgs. What would a typical deal look like for the above SUV?

    This is a great forum BTW! so much good information. Thanks!

    .00099 and 53% for 36/15. Add 2% for 12K.

    We would need to know the net cap cost in order to model a payment for you.
    Got the initial numbers from the dealer on this one.

    The MF on the ML350 4MATIC is 0.00149.

    MSRP $62530
    *FLETCHER JONES SAVINGS $3530
    *SALE PRICE $59000
    *ACQUISITION FEE $1095
    *ESTIMATED MILEAGE (YEARLY-)-12k
    ESTABLISHED VALUE $60,095
    *RESIDUAL VALUE $34,391.50 ($33,140.90 for 15k)
    *MONTHLY PAYMENT:36 Months
    *FIX RENT $854.77 ($887.65 for 15k)
    *SALES TAX $69.24 ($71.90 for 15k)
    *TOTAL MONTHLY PYMT.$924.01 ($959.55 for 15k)
    *FIRST MONTH RENTAL
    *UPFRONT TAX DUE $40.10
    *TITLE FEE $29.25
    *DOC FEE $495
    CUSTOMER DRIVE-OFF $1488.36

    So what would be a decent deal based on your experience?
  • MichaellMichaell ColoradoPosts: 171,230
    fjab1 said:

    Michaell said:

    fjab1 said:

    Hi Michael,
    I am looking at a ML 350 4MATIC as well (posted a GL question in the other thread) to see which option will work. going b/w 5 and 7 seater choices. Can you help me with the MF, Residual for 36mths for12/15k miles?
    The MSRP of the one I looked up is $62,530 and has premium, park assist pkgs. What would a typical deal look like for the above SUV?

    This is a great forum BTW! so much good information. Thanks!

    .00099 and 53% for 36/15. Add 2% for 12K.

    We would need to know the net cap cost in order to model a payment for you.
    Got the initial numbers from the dealer on this one.

    The MF on the ML350 4MATIC is 0.00149.

    MSRP $62530
    *FLETCHER JONES SAVINGS $3530
    *SALE PRICE $59000
    *ACQUISITION FEE $1095
    *ESTIMATED MILEAGE (YEARLY-)-12k
    ESTABLISHED VALUE $60,095
    *RESIDUAL VALUE $34,391.50 ($33,140.90 for 15k)
    *MONTHLY PAYMENT:36 Months
    *FIX RENT $854.77 ($887.65 for 15k)
    *SALES TAX $69.24 ($71.90 for 15k)
    *TOTAL MONTHLY PYMT.$924.01 ($959.55 for 15k)
    *FIRST MONTH RENTAL
    *UPFRONT TAX DUE $40.10
    *TITLE FEE $29.25
    *DOC FEE $495
    CUSTOMER DRIVE-OFF $1488.36

    So what would be a decent deal based on your experience?
    Yep, both the MF and acquisition fee are marked up.

    Using the base amounts for both I get a pre-tax payment of $801.55, more than $50/mo less than the dealer quote.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • fjab1fjab1 Posts: 19
    Michaell said:

    fjab1 said:

    Michaell said:

    fjab1 said:

    Hi Michael,
    I am looking at a ML 350 4MATIC as well (posted a GL question in the other thread) to see which option will work. going b/w 5 and 7 seater choices. Can you help me with the MF, Residual for 36mths for12/15k miles?
    The MSRP of the one I looked up is $62,530 and has premium, park assist pkgs. What would a typical deal look like for the above SUV?

    This is a great forum BTW! so much good information. Thanks!

    .00099 and 53% for 36/15. Add 2% for 12K.

    We would need to know the net cap cost in order to model a payment for you.
    Got the initial numbers from the dealer on this one.

    The MF on the ML350 4MATIC is 0.00149.

    MSRP $62530
    *FLETCHER JONES SAVINGS $3530
    *SALE PRICE $59000
    *ACQUISITION FEE $1095
    *ESTIMATED MILEAGE (YEARLY-)-12k
    ESTABLISHED VALUE $60,095
    *RESIDUAL VALUE $34,391.50 ($33,140.90 for 15k)
    *MONTHLY PAYMENT:36 Months
    *FIX RENT $854.77 ($887.65 for 15k)
    *SALES TAX $69.24 ($71.90 for 15k)
    *TOTAL MONTHLY PYMT.$924.01 ($959.55 for 15k)
    *FIRST MONTH RENTAL
    *UPFRONT TAX DUE $40.10
    *TITLE FEE $29.25
    *DOC FEE $495
    CUSTOMER DRIVE-OFF $1488.36

    So what would be a decent deal based on your experience?
    Yep, both the MF and acquisition fee are marked up.

    Using the base amounts for both I get a pre-tax payment of $801.55, more than $50/mo less than the dealer quote.
    Can you help me with the base amounts that you used and possibly calculation? like MF of 0.00099 with 55% RV. Thanks!
  • MichaellMichaell ColoradoPosts: 171,230
    fjab1 said:

    Michaell said:

    fjab1 said:

    Michaell said:

    fjab1 said:

    Hi Michael,
    I am looking at a ML 350 4MATIC as well (posted a GL question in the other thread) to see which option will work. going b/w 5 and 7 seater choices. Can you help me with the MF, Residual for 36mths for12/15k miles?
    The MSRP of the one I looked up is $62,530 and has premium, park assist pkgs. What would a typical deal look like for the above SUV?

    This is a great forum BTW! so much good information. Thanks!

    .00099 and 53% for 36/15. Add 2% for 12K.

    We would need to know the net cap cost in order to model a payment for you.
    Got the initial numbers from the dealer on this one.

    The MF on the ML350 4MATIC is 0.00149.

    MSRP $62530
    *FLETCHER JONES SAVINGS $3530
    *SALE PRICE $59000
    *ACQUISITION FEE $1095
    *ESTIMATED MILEAGE (YEARLY-)-12k
    ESTABLISHED VALUE $60,095
    *RESIDUAL VALUE $34,391.50 ($33,140.90 for 15k)
    *MONTHLY PAYMENT:36 Months
    *FIX RENT $854.77 ($887.65 for 15k)
    *SALES TAX $69.24 ($71.90 for 15k)
    *TOTAL MONTHLY PYMT.$924.01 ($959.55 for 15k)
    *FIRST MONTH RENTAL
    *UPFRONT TAX DUE $40.10
    *TITLE FEE $29.25
    *DOC FEE $495
    CUSTOMER DRIVE-OFF $1488.36

    So what would be a decent deal based on your experience?
    Yep, both the MF and acquisition fee are marked up.

    Using the base amounts for both I get a pre-tax payment of $801.55, more than $50/mo less than the dealer quote.
    Can you help me with the base amounts that you used and possibly calculation? like MF of 0.00099 with 55% RV. Thanks!
    I used .00099 and 55% residual, plus $795 for the acquisition fee

    Use this article to build your own lease calculator:

    http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Can I get the MF and RV for the GLE 350 36/10k and 36/7.5k? Thanks
  • kyfdxkyfdx Posts: 176,751
    dsds245 said:

    Can I get the MF and RV for the GLE 350 36/10k and 36/7.5k? Thanks

    .00104 MF and 57%/58% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Could someone give me idea of residual and MF for following in NJ. 

    ML350 4matic. 
    36mo/ 10k per year. 

    Does anyone know if they offer less than 10k miles per year on a lease?

  • kyfdxkyfdx Posts: 176,751
    namkur said:

    Could someone give me idea of residual and MF for following in NJ. 

    ML350 4matic. 
    36mo/ 10k per year. 

    Does anyone know if they offer less than 10k miles per year on a lease?

    .00099 MF and 56% residual.

    Add 1% for 7.5K/yr

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Hi. Can you please advise the MF and residual for an ML250 and ML350 in south florida for a 36/10 and a 36/12? Thanks.
  • MF and Residual on a 36 month/ 15,000 miles per year lease?
  • kyfdxkyfdx Posts: 176,751

    Hi. Can you please advise the MF and residual for an ML250 and ML350 in south florida for a 36/10 and a 36/12? Thanks.

    250: Standard MF and 60%/59% residual
    350: .00099 MF and 56%/55% residual.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Posts: 176,751

    MF and Residual on a 36 month/ 15,000 miles per year lease?

    ML350? .00099 MF and 53% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • HI,

    Received estimate from Dealer:


    MSRP 56045

    Invoice 52925


    Price 48125



    36 month lease, 15k miles per year



    Drive off $1223 1st payment and DMV due at lease signig. $0 cap reduction



    Monthly $726 plus tax on approved tier 1 credit



    Total payment is $791 for 9% tax


    Your thoughts ?


    Best Regards

  • MichaellMichaell ColoradoPosts: 171,230
    huntsmann said:

    HI,

    Received estimate from Dealer:
    MSRP 56045
    Invoice 52925
    Price 48125

    36 month lease, 15k miles per year

    Drive off $1223 1st payment and DMV due at lease signig. $0 cap reduction

    Monthly $726 plus tax on approved tier 1 credit

    Total payment is $791 for 9% tax

    Your thoughts ?

    Lease numbers are .00099 and 53% for 36/15. Plugging in your MSRP and price, I get a payment of about $642/mo with tax included.

    I'd ask the dealer for two things:

    1. Net cap cost, and how they arrived at that number from the selling price
    2. MF; dealer is allowed to mark it up on you for extra profit

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hello Michael,

    Thanks for the reply.


    "Zero Down- No Money out pocket"



    Still same number 642 a month tax included?



  • MichaellMichaell ColoradoPosts: 171,230
    huntsmann said:

    Hello Michael,

    Thanks for the reply.
    "Zero Down- No Money out pocket"
    Still same number 642 a month tax included?

    No, if taxes and fees are being added into the selling price, the payment will be higher, which is why we need to know the net cap cost.

    And, as your other thread mentioned, if this is for the ML250, then my MF and residual numbers are wrong. MF is around .00200 and the 36/15 residual is 57% instead of 53%.

    Using your price information, I get a payment of $664/mo.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hello Again Michael,

    Residual for the Diesel Engine is definitely higher?

    Based on your previous response dealer is trying to get 80.00 dollars a month out of me?

    Thanks for your time


  • Michael,

    Adjusted Cap Cost:

    49,283.01

    What do you think?

    Regards

  • MichaellMichaell ColoradoPosts: 171,230
    huntsmann said:
    Michael, Adjusted Cap Cost: 49,283.01 What do you think? Regards
     Now I get about $700 each month 

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Any chance that these number will get better in October?
  • kyfdxkyfdx Posts: 176,751

    Any chance that these number will get better in October?

    On a 2015? Maybe... or, the lease program might go away. At this time of year, it's hard to tell.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Does anyone have the residual and MF on 2015 ML350 10k miles/36months for Louisiana
  • MichaellMichaell ColoradoPosts: 171,230
    zxcvbnm1 said:

    Does anyone have the residual and MF on 2015 ML350 10k miles/36months for Louisiana

    .00099 and 56%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hi,
    Can I please get the MF, residual and any incentives for an ML350 and ML400. 36/10 and 12 for South Florida. Thanks,
  • kyfdxkyfdx Posts: 176,751

    Hi,
    Can I please get the MF, residual and any incentives for an ML350 and ML400. 36/10 and 12 for South Florida. Thanks,

    56%/55% residual for either model

    350: .00099 MF
    400: Standard MF (.0020-.0022)

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Please help - very new at this leasing thing. My husband and I looked at two cars yesterday and we are not sure if we are getting a good deal. 

    2015 M350 4matic - 61k msrp, discount of 5k brings it to 56k; 36/12 lease around $770 per month after 2k down for first month payment and other fees; I'm not sure if this price includes sales tax?? 

    Next car is exactly the same except it has 7k miles (used as a loaner); discount would be 8k off msrp bringing it to 53k; same down payment, monthly payment around $700. 

    We are in MI, sales tax is 6%; when they give you those final prices do they typically include tax? We are going back tomorrow to possibly finalize. Are we getting as good of a deal as they say on these "older" models or should we pursue the new 2016s?? How much are those being discounted off the MSRP realistically? 
  • kyfdxkyfdx Posts: 176,751
    moose41 said:

    Please help - very new at this leasing thing. My husband and I looked at two cars yesterday and we are not sure if we are getting a good deal. 

    2015 M350 4matic - 61k msrp, discount of 5k brings it to 56k; 36/12 lease around $770 per month after 2k down for first month payment and other fees; I'm not sure if this price includes sales tax?? 

    Next car is exactly the same except it has 7k miles (used as a loaner); discount would be 8k off msrp bringing it to 53k; same down payment, monthly payment around $700. 

    We are in MI, sales tax is 6%; when they give you those final prices do they typically include tax? We are going back tomorrow to possibly finalize. Are we getting as good of a deal as they say on these "older" models or should we pursue the new 2016s?? How much are those being discounted off the MSRP realistically? 

    .00099 MF and 55% residual.

    On the 1st one, I get $712/mo.+tax, or about $754/mo. That's not far off, and your numbers appear to be rounded off, so that could certainly make up the difference.

    Price quotes aren't typically, anything. Generally, if you assume something is included, it's not.. ;)

    If your quote includes tax, the calculations are pretty close. Whether it's a good deal or not? I'm not sure. We see some pretty big discounts from MSRP at model year end. Scroll back a few pages and look for other's examples.

    I would definitely take a demo on a lease for a 10% savings in payment.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Thanks kyfdx. I spoke with the dealership again today and those numbers did include tax. My husband tried to get another $2,500 off the MSRP on the new car and they refused. They said maybe another $500 off max. We also got the MF which is 0.00122 and they refused to lower that to 0.00099 as well. So we walked away from the deal. We will either shop around some more or maybe pursue the GLE model around Christmas time. I hope we made the right decision 
  • I have another question. How do you know the money factor is 0.00099? Where do you get this information? If I base it on the advertised 2.99% APR then I get a MF of 0.00124 which is closer to what the dealer is offering. The reason I'm asking is because if they ask where I got this 0.00099 number from, what can I tell them? Thanks. 
  • MichaellMichaell ColoradoPosts: 171,230
    moose41 said:

    I have another question. How do you know the money factor is 0.00099? Where do you get this information? If I base it on the advertised 2.99% APR then I get a MF of 0.00124 which is closer to what the dealer is offering. The reason I'm asking is because if they ask where I got this 0.00099 number from, what can I tell them? Thanks. 

    The information is not public. However, you can politely but firmly inform the dealer you won't sign a deal with an inflated MF. They know what the base rate is.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Ok great thanks! I got in touch with another dealer - they're willing to give the 0.00099 MF but said they won't go anywhere near 5,500$ off MSRP. So we are starting to think maybe the other place is giving us a decent deal and will negotiate the MF next. 
  • MichaellMichaell ColoradoPosts: 171,230
    moose41 said:

    Ok great thanks! I got in touch with another dealer - they're willing to give the 0.00099 MF but said they won't go anywhere near 5,500$ off MSRP. So we are starting to think maybe the other place is giving us a decent deal and will negotiate the MF next. 

    Yeah, the dealer can make money either by reducing the size of the discount from sticker OR using the base MF --- you gotta find the one dealer willing to negotiate on both.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Over the weekend was able to negotiate the MF down to 0.00099 and 7% off MSRP on a 36/12 K lease for 350 ML 4matic. Dealer was very abrasive when negotiating the MF hence it took hours to get them down to the base MF. Should have I pressed for more off the MSRP?

    My wife and I were a little fatigued after hours at the dealer and were satisfied with our payment so we took the deal.
  • MichaellMichaell ColoradoPosts: 171,230
    kajonesbu said:

    Over the weekend was able to negotiate the MF down to 0.00099 and 7% off MSRP on a 36/12 K lease for 350 ML 4matic. Dealer was very abrasive when negotiating the MF hence it took hours to get them down to the base MF. Should have I pressed for more off the MSRP?

    My wife and I were a little fatigued after hours at the dealer and were satisfied with our payment so we took the deal.

    Remember, the dealer is in business to make a profit. They can do it by either reducing the discount from sticker or marking up the MF. Some try to do both.

    If you're happy with the deal, just enjoy the new MB. The pleasure you get from driving it will last far longer than any feelings you have about the financials.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hi

    i was looking for a ML350 and the MSRP is 60,345 for the one that found near my house. I tried to search on the forum to find a good deal people got. I am looking to lease for 36/10. I could get the monthly payment using the calculator however now sure what discount to expect. The dealer mentioned that the car is a demo car and has done 6k on miles. Should 15% be a good discount on the MSRP even if it has some miles on it or should I expect more. 
  • MichaellMichaell ColoradoPosts: 171,230
    sumit76 said:

    Hi

    i was looking for a ML350 and the MSRP is 60,345 for the one that found near my house. I tried to search on the forum to find a good deal people got. I am looking to lease for 36/10. I could get the monthly payment using the calculator however now sure what discount to expect. The dealer mentioned that the car is a demo car and has done 6k on miles. Should 15% be a good discount on the MSRP even if it has some miles on it or should I expect more. 

    I don't track selling prices; read back through the last few pages of this discussion to see what others have been able to negotiate.

    The 6000 miles will allow you to get a better selling price, but the lease residual will be lowered as well.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Thanks Michael. 

    Do you have the MF and the residual for November for 350 4matic 36/10 and 36/12. 
  • MichaellMichaell ColoradoPosts: 171,230
    edited November 2015
    sumit76 said:

    Thanks Michael. 

    Do you have the MF and the residual for November for 350 4matic 36/10 and 36/12. 


    .00099 and 53% for 36/12. Add 1% for 10K

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hi

    Received the following quote and wanted to check if this seems ok. 

    MSRP 56,490
    selling price $46,949
    lease 36/10
    Down payment 
    Bank fee $1095
    taxes upfront $1436 (NJ)
    doc fee $349
    motor vehicle est $336
    first month payment

    total around $3800
    monthly payment $530
    residual 54%
    MF .00089

    Vehicle has done around 6000 miles hence the extra discount 

  • MichaellMichaell ColoradoPosts: 171,230
    sumit76 said:

    Hi

    Received the following quote and wanted to check if this seems ok. 

    MSRP 56,490
    selling price $46,949
    lease 36/10
    Down payment 
    Bank fee $1095
    taxes upfront $1436 (NJ)
    doc fee $349
    motor vehicle est $336
    first month payment

    total around $3800
    monthly payment $530
    residual 54%
    MF .00089

    Vehicle has done around 6000 miles hence the extra discount 

    .00089 is the Autopay MF.

    With your numbers, I get $526/mo, so in the ballpark with your quote.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Thanks a lot Michael. You have been very helpful. Does the bank and other fees seem reasonable?
  • MichaellMichaell ColoradoPosts: 171,230
    sumit76 said:

    Thanks a lot Michael. You have been very helpful. Does the bank and other fees seem reasonable?

    Bank fee is marked up from base of $795 ... doc fee is annoying, but about par for what I've seen in NJ (it's close to $500 here in CO). Everything else is government mandated.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Thanks. Just realised that my current visa is valid till 2017 ( not a permanent resident yet) and the dealer is now working on a 24 month numbers. Would you have the 24/10 numbers for 4matic. I am guessing it would work out slightly more expensive overall considering the fees and all would be same regardless whether it is 36 or 24
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