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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Does anyone one know if this can be combined with an A Plan discount? (Currently approx $2300)
Also, do they usually let you buy up the mileage up front to 12k?
If you want 12K instead of 10K, the residual value drops by 1%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP $45,530. Money factor is .00119, residual 55%. I have excellent credit.
The cap costs are:
with $0 down- $42,326, monthly payment of $565
with $1,000 down- $41,909, monthly payment of $553
with $2,000 down- $40,955, monthly payment of $526
These prices include tax (my tax is 7.65%). All prices are for 12k miles per year. I am new to leasing, and do not know how to evaluate if this is a fair deal. The monthly payments do seem a bit high to me, and I think I need to negotiate the cap cost down lower. Any thoughts/help would be appreciated. Thanks.
Calculations seem pretty close, once tax is added. The money factor markup is adding about $30/mo. to the payment. No idea if selling price/cap cost is good, though.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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http://www.edmunds.com/car-leasing/
Do not put money down (cap cost reduction) on a lease - that money is at risk if the car is stolen or totaled.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks a lot!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
39/10
MF - 0.00062
RV - 53%
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MSRP $47,230 plus $5800 KPAX package. Dealer quoted me monthly lease payment of $744 including 8.5% tax, with $3000 down for 36month/10K per month. He quoted MF of 0.00168 and residual of $23,615, which seemed REALLY high given some of the numbers I have seen here. Appreciate you taking a look at this for me.
Many Thanks.
.00168 MF and 50% residual.
That XC60 model has the worst lease numbers. I'm not going to pretend to know the difference between the 16 different XC60 models listed, but the programs are better on the T5 models and the T6 Drive-E models.
What the heck is the KPAX package for $5800?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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so not it's a T5 = 5cyl turbo, or T6, 4cyl turbo & supercharger. yet there are leftover 6cyl turbo T6 - and yes, horrible lease rates on the now "old" 6cyl T6.
2016 VOLVO XC60 T6 DRIVE-E SUV
Acquisition fee is $695, so that is marked up as well.
What is the $1194 charge? And, does MN or MO collect sales tax on a lease up front? I know neither state taxes the full selling price, so that tax amount looks too high as well.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The $1194 is the Acq fee of 995(this is "our" acq fee) and the $90 for plates.
The money factor is somewhat flexible from dealer to dealer, just as interest is on a purchase. Our .00072 vs another dealer's .00062 does raise the payment by $6 per month, however, we are very generous with many thousands off the original MSRP which most dealers do not offer.
The deal does reflect tax on 39000 at 7.725%(this is the estimated MN tax)
Regards,
I told him:
in MN we only pay tax on the lease term. so if the lease payment is say $341 a month x 39 months that $13,299 then we pay tax on $13,299 not $39k. the proton we are “using”
license plates are a LOT higher here. $500+ for new car. per year - goes down each year.
Looks like a really good deal, especially once they straighten out the tax thing.
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Just Leased a 2016 Volvo XC60 T6 Drive E Platinum AWD
Drove from Pittsburgh to Columbus OH for the deal 400 miles round trip
MSRP: 52,040 (Climate, BLIS, Protection)
Price: 43,500 (including 1,000 conquest cash for owning a VW, Free Platinum Upgrade and Mfgr--> Dealer Incentive) 8,500 off -- pretty good.
Residual: 26,020 50% based on 15k miles per year
Money factor: .00062
Fees: 250 Doc, 795 Acquisition
Trade 2002 suburban (223k miles) 1,500
Tags and First Month Pmt ~ 675
Net Cap 43,720 (43500+250+795+675-1500)
PA Use Tax at 9%
39 Months
$541.82
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you.
.00026 MF for Tier 3 (that's a really small bump, compared to most manufacturers)
$3055 summer sales event bonus
$600 24-month lease bonus + $1000 lease bonus
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Here's the deal I got:
MSRP: $47,570
Gross Cap Cost (Selling Price): $40,364.74
Gross Cap Cost Including $695 Acquisition Fee: $41,059.74
Rebates/Non-Cash Credits: -$3750
Down Payment: -$3650
Money Factor (as I calculated it): .00055 (rounded)
Adjusted Cap Cost: $35,540.34
Residual Value: $27,590.60 (58%)
Base Monthly Payment/Sales Tax (9%)/Total Monthly Payment: $365.96 + $32.94 = $398.90
They said they included some of the bonus incentives to reduce the selling price, which seemed strange to me, but it's okay. I still got about $11,000 (about 23%) off the MSRP, which is what I expected going into the dealership, and by using those incentives to reduce the price rather than use them as credits, it meant that I didn't have to pay sales tax on that portion of the incentives.
I think I will ask them if the money factor can be reduced, since it can't hurt to ask.
Thanks to you guys for all of the help you give to us every day.
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In general, it was a very good experience, and what's most important is that I'm very happy with the car and the overall price I paid.