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I would ask your local dealer. May have to escalate to the finance manager.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I'm currently looking at a 2016 Mercedes-Benz C-Class C300 2.0L I4 Turbocharged, 7G-TRONIC PLUS 7-Speed Automatic priced at 46K.
I'm wanting either a 30/12 or 36/12 lease term.
The dealerships first numbers were 702 a month. They did not give me the MF or Residual that they used to get those figures. (they did not run my credit as i told them i was just researching different vehicles) Having said that, what would the numbers be for the current vehicle?
Thank you in advance for your time and patience.
I found a deal that could possibly work out. It's a loaner with over 3,000 miles on it. I haven't seen the car physically as it is in a different town in MI. These are the details:
2016 C300W4
040 Black
101 Black MB-Tex
R48 17-Inch Split 5-Spoke Alloy Wheel
095 PTC Auxiliary Heater
104 Rear Deck Spoiler $350
218 Rearview Camera $460
293 Rear Side Airbags
355 SD-Card Navigation Pre-wiring
413 Panorama Sunroof $1,480
485 Comfort suspension
739 Gloss Black & Aluminum Trim
873 Heated Front Seats $580
SUBTOTAL $43,820
DESTINATION & DELIVERY $925
TOTAL $44,745
Lease Term: 24 Months / 12000 Miles a year
Moneyfactor: .00184
Residual: 67% / $30,844 (This actually is 68.9% on $44,745 - is it adjusted for the miles/loaner?)
Sale Price : $36000
Monthly Payment: $372.27, Tax $22.34, Total: $394.61
Drive off: $1508.35 (includes 1st moth, doc fee/plate transfer, acquisition fee - did not get a breakup, but checked on phone).
Looks like a good deal to me. Numbers don't tally when I calculate, but are not off by a big margin.
This was after the initial inquiry. No real bargaining except asking for breakup on everything. Am I missing something? Is it OK to lease a loaner and what should I do to make sure the vehicle is good?
I will potentially go to the dealership tonight or tomorrow and go through the paperwork if everything works out.
Thanks,
Vishnu
In Texas, sales tax is applied against the entire selling price, which makes your lease payments more expensive relative to other states.
If they haven't pulled your credit, they could be marking up the MF to be safe.
The big driver to a good lease payment is a low negotiated price. I don't see that number in your original post; do you have it?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Yes, the residual is adjusted manually to account for the miles - take the calculated residual, then subtract a per mile charge (around .10-.20 per mile) for the demo miles ($300-600, but I'd ask the dealer for the exact amount).
But, you also want the selling price to reflect the miles as well. Can you get a car with 0 miles on it for the same type of discount? If so, why get the loaner?
Folks lease demos all the time; just want to make sure it's actually a better deal than on a new car.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The negotiated price was 45K
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
A long way from the $700+ quote you got.
Could be a marked up MF, could be the cap cost is much different that what you think it is.
Time to circle back to the dealer and find out which it is.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP 45955
SP 41900
Sales Tax 4.0172
36 month/7500 miles
Residual 28,955
Down Payment 1,000
Quoted Monthly Payment $592
What are the current MF and residuals locally? Does payment seem reasonable?
Using your numbers, I get a payment of $473/mo, including tax.
Find out what the adjusted cap cost is, and how the dealer got to that number from the selling price.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I'm currently leasing an Audi 2014 A4, no navigation. I have 11 payments left for a 10K/42mo lease at $508/mo. I am now at 30K and plan to drive 20K for work in the next year.
Question is 1. Pay the extra mileage at $0.25/mi at end of lease?
2. Get out of lease now with a pay off quote of $26,280.00 or 6mo later?
I'm not sure what the best option is.
I have been entertaining the option # two to get me out of the lease.
I'm interested in a 2016 c300 AWDsport package (roof, premium package, multimedia etc) and have done some research and talked to 2 dealers.
I understand there will be close to $5000-6000 deficit with the audi where it will some how be added to the new lease. correct?
For 36mo/15K. One dealer has quoted me $45,415 for the MSRP of $53,200 with a MF of 0.00152, Res %60 res$32,496 capital cost 52,437. (just retyping some figures not knowing what it is) I have Tier 1 credit so that should be helpful.
New 2017 are coming out in september, wait or not wait. Or use that as an advantage to lower the selling price.
At 15K I will definitely be over with my driving at 19-20K/year but they promise to be able to get me out at 30mo with probably 5K over mileage. Believe or not believe/rely or not rely in this?
Is this a good deal?
Then, you go buy whatever you want.
Do not believe/rely on them saying you'll get out of your mileage charges on a new lease. Sure, as long as you trade out for another $5K-$6K in negative equity.
If you want to keep leasing, you need a mileage allowance that matches your driving. Otherwise, you are just putting off the inevitable.
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MSRP - 47040
SP - 41540
MF - 0.0152
Residual 62% for 36k miles/36mo
Monthly payment of 433/-
3K down.
Is it a good deal?
Do you have the adjusted CAP cost?
What is the $3000 covering, and how much is left over for CAP cost reduction?
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up front charges - 1500
1st payment - 433
Looks like a good deal for a $47K MSRP car.
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Can someone help calculate the lease payments for $1,000 / $2,000 / $3,000 down?
MB C300, 3 year with 10k mi per year, 62% residual, MF: best available as told by the dealer
MSRP 48,385
discount -6,394
Negotiated price 41,991
Other options 689
total purchase 42,680
doc fee 589
tax 28
license fee 98
acquisition fee 1,095
net price 44,490
Sales tax rate: 9.25% TN
Every $1000 as cap reduction reduces your payment about $30/mo
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
15K residuals:
24 - 65%
30 - 62%
36 - 60%
Add 2% for 12K. AutoPay discounts the MF .00010.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Or, read back through the last page or two of this discussion to see what others are able to negotiate.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I was able to perform the same calculation based on your input.
The dealer promised the best money factor (whatever it is). I know it should be .00134 now.
The dealer gave me $568 with $1k down, $537 with $2k down and $506 with $3k down.
The only way I can duplicate dealer's number is if I use MF of .0027. Are they usually this blatant when it comes to giving numbers?
Politely but firmly tell them you won't sign a deal with an inflated MF.
And, start shopping other dealers.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP $44,745
Price paid $38,000
2,000 down includes first payment of $423, cap cost reduction of $1,226,license fee $110, title fee $239.
Residual $28,034
Monthly payment $423 includes tax
I believe the money factor was 0.00180 or there of
Pre paid maintaince included
Thanks in advance
Residual will be adjusted for the miles, but you want to make up for that by getting a bigger discount than you would on a new unit with 0 miles.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
You may also want to read back through the last page or two of this discussion to see what others have been able to negotiate on a car with 0 miles on it. Then deduct accordingly (.25 per mile?) for the demo.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP 40,465 RES 61% MF 0.00167 Down payment 850 (includes 1st payment). Got 6000 off MSRP.
Adj Cap cost 35664.24
Monthly payment 405.64 for remaining 35 months.
Msrp $53,185
Capitalized cost $49056.96
residual $34398.80
dealer loaner with 4332 miles
$496 month 10/39 with maintenance and tire warranty
$640 sign and drive
Long Island NY.
Please let me know if it's a good deal !
Thanks
The adjusted cap cost looks low, as the entire selling price is subject to sales tax in TX. Plus bank fee, dealer fee and such.
But, relative to MSRP, your quoted payment looks OK.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Congrats, and enjoy!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Multimedia package
Panaromic sunroof
rear spoiler
blind spot
wheel locks
rearview camera
heated steering wheel
AMG sport package
Illuminated Star
Heated front seats
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
If the August numbers have been posted...and the third time asking is the charm...do you have for the new 2017 Mercedes C43 the MF and residuals for 10,000/36 months and 12,000/36 months (Long Island, New York).
Thanks a lot
August numbers just arrived .. still, nothing on the C43 in them.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
No 39 month program on the C-class.
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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
Also the C450 10/36?
C450 - .00096 and 59%
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36k/12 C300
36/12 C450
I had a dealer give yesterday give me a residual of 60% and a MF of .00152 on the c300.
He also told me they could give a max MSRP discount of $5,000 on any of there 2016 models.
The MF seems a little high so it making me think I can squeeze a little more out of him on the discount.
Thank for the help
C450 - .00096 and 58%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige