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As I have posted previously in order to asses the quality of a lease, you need to know the following details:
MSRP (to base residual)
Cap cost (adjusted final sell price)
Money factor (multiply by 2400 to get APR)
Residual %
Tax rate (if applicable)
Term of lease
Additional fees (if applicable)
With all this information, go to a lease calculator web site such as:
http://www.leaseguide.com/calc.htm
or right here at edmunds:
http://www.edmunds.com/apps/calc/CalculatorController?pmtcalActio- n=lease_calc&tid=edmunds.h..directory.calculators.3.*
and run the numbers. As far as cap cost goes, it seems based on what we have seen here on the board that anywhere from $6-7,000.00 under MSRP is the sweet spot.
You can greatly expand your knowledge by simply reading previous posts. That will give you information on what deals others as well as myself worked.
Good Luck
Basically, it was a $37,115 list with an EP price of $32,829. Take off $3500 rebate and my price was $29,329.
And the best part - the 39 month lease with the 15k per year miles and 1% interest came out to $339/mo with just first payment and Aquisition up front.
My wife is very satisfied.
Final price $24,500 out the door, including everything, TTL.
Just base model, spent 2 hours fighting the sales and manager,
How is the deal?
I bought my Pacifica 10 or so days ago. $39800 sticker. After 7 days of arguing via email (never stepped inside the dealer), they agreed to $250 below invoice on any Pacifica. I went down and test drove a few and chose the Inferno Red for $39800. tissue was $36800 - $250 - $3500 rebate = OTD price of $33050 (+/- 100 or so)
I also got %3.34/60 month financing too.
I can't shake a stick at that deal.
Mark
Also 3 year's free oil change.
I noticed the pacifica on 30th, then sent the request on 31st. Went to dealer at 4:45PM, out at 7:30PM.
A very pleasure experience, but funny when bargain with sales and manager.
Happy new year!
Also, thanks to all of you who have been so helpful with my other questions!
If you're set on buying from this particular dealer, then see if he'll throw in some free scheduled maintanance stuff (like oil changes, etc.) instead of taking away any more of his "profit". JMHO....Good luck!
Price came out to: $30625 - 3500 rebate = $27125 + tax & tags.
I got a 5 yr loan at 3.59% interest.
I did know about checking inventory and stickers online but hadn't been able to find the color I wanted. I called around & found that a lot of dealers had inventory that wasn't online & vice versa. One dealer explained that Chyrsler does all the updates and they can't really control it. Anyway, after all that, although I didn't get the $6-7K off sticker that you mentioned, more like $5.5K, I'm happy with the deal & can't wait to pick it up on Monday. Glad I could do this during the break, normally I don't have this kind of time. Sorry for this long message, I'm just really excited & can't help myself!
BTW my favorite option is the HID headlights!
I'm not that experienced in buying cars, but I never thought people could get $3k or more BELOW dealer invoice with the rebates. How can Chrysler do this? As mentioned above, dealers always say they need to make some profit, but they can't be making a profit under invoice, or can they??? The dealer get's the $3500 rebate right, so as long as the negotiated price is slightly over invoice, they're still making at least $3500 from the rebate? Is that how rebates work?
This is good for me to know so when they pull the, "we have to make a profit" I can indicate that the rebate is their profit - I hope. Please educate me...
However I'd still like to hear how people are getting thousands below invoice on the Pacifica...tales from the "front" really help.
Dealer ad: $7000 off, one at this price. ($3500 discount, $3500 rebate)
MSRP: $35,335
Invoice: $32,337
35335(MSRP) - 3500(discount) = $31725
32337(Invoice) - 31725 = $612 under invoice
31725
+3500 tax & licence (approx)
-3500 rebate
------
31725 out the door
We actually paid more because we got the extended warranty and LoJack.
Thanks!
Jeannine Fallon
PR Director
Edmunds.com
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
sound like a good deal? This is also with zero out of my pocket. V
vehicle msrp is 37645, Awd, DVD,Leather,moonroof, power liftgate, and roof rack
also 500 under his invoice.
My lease on the base model is $309/mo with 0 down.
Mark
This would be a good deal (I think), and I'll let you know if I can pull it off.
MSRP: $32,820
Power seller discount: $3322
Selling price: $29,498
Factory rebate: $3000
Final cost: $26,498
Or lease for $269.93/mo + tax
39mo lease, $3,000 factory rebate + $3050 customer cash = $6050 due at signing. No security deposit required. 12,000 miles/year plus tax and license on above average credit. 730 credit score required.
Now, this still leave a lot of questions. It doesn't say how it's equipped. That power seller discount is just the diff. b/t msrp and invoice. Even if it's a base model, that's seems like a pretty good deal. What do you guys think? While I'm really looking to lease end of next month, do you think the same kind of deal would still be going on then?
as far as DVD with screen (I would guess you need to get the 6 changer as that is where the DVDs go. the radio only has a cd player.) dont think you need to bundle the power lift but I love my power lift gate (specially with all the salt on the back gate keeps my hands clean)
Anyone buy or lease in LA? Which dealer and how was the negotiation? I'm looking for dealers who are willing to deal! And it'll help me know what to expect and how far below invoice I can get.
since it's a surprise for my wife's birthday, they are going to deliver it with a bow!
Where are you getting 3000 below invoice?
Also, what was the final price you paid.
THanx