They are on the monrone window sticker but they are accessories that I dont' want and the dealership may give me for free. If they give them for free, does that affect the sticker price to come down to the MSRP I should pay had the car not come with the accessories in the first place? I don't want to pay for something that I don't want.
They are on the monrone window sticker but they are accessories that I dont' want and the dealership may give me for free. If they give them for free, does that affect the sticker price to come down to the MSRP I should pay had the car not come with the accessories in the first place? I don't want to pay for something that I don't want.
You can't change the MSRP - the sticker is the sticker. Simply negotiate a bigger discount to account for these accessories you don't want to pay for.
From all the lease calculators I'm finding online, I can't figure out how my credit score affects any of these numbers. The only interest rates I'm seeing in the calculations is the MF. I thought that was not negotiable? The formula I have for Sales Tax = (Depreciation Fee + Finance Fee) x State Tax Rate. What am I missing? Can you please tell me where my credit comes into the numbers? And which formula it is? Thank you so much!
From all the lease calculators I'm finding online, I can't figure out how my credit score affects any of these numbers. The only interest rates I'm seeing in the calculations is the MF. I thought that was not negotiable? The formula I have for Sales Tax = (Depreciation Fee + Finance Fee) x State Tax Rate. What am I missing? Can you please tell me where my credit comes into the numbers? And which formula it is? Thank you so much!
The MF will increase depending on credit score.
Sales tax for a lease will depend on what state you live in.
A dealership just quoted me an offer in which the Gross Cap Cost includes all kinds of fees instead of just being the selling price. The Net Cap cost is quoted as the actual selling price that which we agreed upon. Their monthly payment calculations are all based on the gross cap cost. From what I've read, the Gross Cap should only be the Selling price, and the calculations should be based off the Net Cap cost. I've also read that dealers cannot lump any fees into monthly calculations if the customer will be paying them up front. Please advise. Is this dealer scamming me or am I not understanding how to figure out leases?
A dealership just quoted me an offer in which the Gross Cap Cost includes all kinds of fees instead of just being the selling price. The Net Cap cost is quoted as the actual selling price that which we agreed upon. Their monthly payment calculations are all based on the gross cap cost. From what I've read, the Gross Cap should only be the Selling price, and the calculations should be based off the Net Cap cost. I've also read that dealers cannot lump any fees into monthly calculations if the customer will be paying them up front. Please advise. Is this dealer scamming me or am I not understanding how to figure out leases?
The dealer is correct - the "net" capitalized cost is the agreed upon selling price. The "gross" cap cost is the selling price plus any taxes and fees you choose to roll into the lease, less any down payment you make.
Dealer can't charge you twice for the same fees - it is your choice to either pay them up front or add them into the gross cap cost.
That implies that I'm being charged twice on all my upfront payments, I would think. If I'm paying all those fees and taxes up front, and the dealer is including them in the gross cap cost (selling price plus fees and taxes) and using that total to calculate my monthly fee from, that means I'm being double charged for them- paying them at signing and then again over the 36 months, doesn't it? The definition of net cap cost I've been working with is the gross cap cost less the cap reduction. The information below is what I've been using. Is it incorrect?
(Net) Capitalized Cost: A leasing term that means the sum total being financed through the lease—vehicle price plus any extras and minus the capitalized cost reduction. Also known as "Adjusted Cap Cost." Gross Cap Cost: The gross capitalized cost (“cap cost”) is the value of the vehicle that is agreed upon (the sale price). It does not include anything that you agree to pay for over the lease term (amortized amounts), such as fees, services, insurance, taxes and any prior money balance. Cap Reduction A cap reduction is basically just a down payment made on a lease. It reduces the total cost of the vehicle by the amount that you pay.A cap reduction is basically just a down payment made on a lease. It reduces the total cost of the vehicle by the amount that you pay.
Would you please give me MF and RV for 2016 Rogue SV AWD w/Premium and Family package, and 2016 Rogue S AWD w/Family package for 36/12K and 36/15K for Wisconsin?
Would you please give me MF and RV for 2016 Rogue SV AWD w/Premium and Family package, and 2016 Rogue S AWD w/Family package for 36/12K and 36/15K for Wisconsin?
Looking at a 2016 Rogue SL with Premium Package. Quote we have from the dealer right now is below, but by my numbers we're way off on the final monthly payments. What am I missing?
Total Cap Cost = $29,199 (Includes 5 remaining payments on current lease) $0 due at signing MSRP: $32,610 MF .00014 $19,239.90 Residual 6.5% Tax Total Monthly Payment = $358.58 @ 36 months 12K miles.
By my numbers my payment should be more like $302/mo?
Looking at a 2016 Rogue SL with Premium Package. Quote we have from the dealer right now is below, but by my numbers we're way off on the final monthly payments. What am I missing?
Total Cap Cost = $29,199 (Includes 5 remaining payments on current lease) $0 due at signing MSRP: $32,610 MF .00014 $19,239.90 Residual 6.5% Tax Total Monthly Payment = $358.58 @ 36 months 12K miles.
By my numbers my payment should be more like $302/mo?
I get $283/mo.+tax.
ZERO due at signing? What about 1st payment, title/license/doc fees? Are they included in the $29,199? If the answer is yes, are you sure?
I'm looking to lease the Rogue SL AWD, Sticker price $34,085 36 month 12K year MF .00014 with residual 59%. The dealer is quoting me $299.00 a month zero down. I asked what they were basing this payment on, I was told its because its the end of the month deal. I never told them what my current lease payment is but when the finance manager came over he had it written down on a piece of paper. I have one payment left till my lease is up, my miles are 31K, my current lease is in fantastic condition. I asked if I needed to make an appointment for lease end inspection and they said no they will take care of it. Am I being scammed on this, it sounds to good to be true.
I'm looking to lease the Rogue SL AWD, Sticker price $34,085 36 month 12K year MF .00014 with residual 59%. The dealer is quoting me $299.00 a month zero down. I asked what they were basing this payment on, I was told its because its the end of the month deal. I never told them what my current lease payment is but when the finance manager came over he had it written down on a piece of paper. I have one payment left till my lease is up, my miles are 31K, my current lease is in fantastic condition. I asked if I needed to make an appointment for lease end inspection and they said no they will take care of it. Am I being scammed on this, it sounds to good to be true.
Well.. I doubt you are being scammed, but you'll want to get the details.
If you can lease that car for $299/mo. with just first payment due at signing, and they take you out of your current lease with no charges, that's something I would do, assuming that's the car you want.
I am very thankful to the mod and members' contribution on this forum.I have been visiting this forum lately and the information I received has been tremendously helpful in leasing Nissan Rogue S FWD w/Family pack (3rd row seating).
Did I got the best deal? May be not. Could I have had a better deal? May be.
Well, whatever it is, I am happy with my $240/month payment and my new RoUge
I thought I would share my lease details for Rogue S FWD w/Family pack (3rd row seating) 36 months, 15K miles a year lease deal in Milwaukee- WI.
I signed bunch of papers and walked out with below deal.
0-due at signing 0-down 0-1st month payment
MSRP: 25750 Discount: 2805 Selling Price: 22945 Acq Fee: 595 Accessories (wheel locks): 99 Total Gross Cap Cost: 23639 Total Cap Cost Reduction (rebate): 700 Adjusted Cap Cost: 22939
RV: 14935 Depreciation: 8004 MF: $191 Total of Base Monthly pmts: 8195 Base Monthly Pmts: 227 Tax on money pmt: 13
Total monthly payments: 240
Lease disposition fee (end of lease fee, if I don't keep my car): $240
Due at sign: 0 (I didn't paid anything) 1st payment due: 0 (dealer paid 1st payment) Dealer paid following: Service fee: 249 Tag and Title 164 License-Lien: 324 Tax due at signing: 39 Sales Tax: 53 1st month pmt: 240
I am very thankful to the mod and members' contribution on this forum.I have been visiting this forum lately and the information I received has been tremendously helpful in leasing Nissan Rogue S FWD w/Family pack (3rd row seating).
Did I got the best deal? May be not.
Could I have had a better deal? May be.
Well, whatever it is, I am happy with my $240/month payment and my new RoUge
I thought I would share my lease details for Rogue S FWD w/Family pack (3rd row seating) 36 months, 15K miles a year lease deal in Milwaukee- WI.
I signed bunch of papers and walked out with below deal.
0-due at signing
0-down
0-1st month payment
MSRP: 25750
Discount: 2805
Selling Price: 22945
Acq Fee: 595
Accessories (wheel locks): 99
Total Gross Cap Cost: 23639
Total Cap Cost Reduction (rebate): 700
Adjusted Cap Cost: 22939
RV: 14935
Depreciation: 8004
MF: $191
Total of Base Monthly pmts: 8195
Base Monthly Pmts: 227
Tax on money pmt: 13
Total monthly payments: 240
Lease disposition fee (end of lease fee, if I don't keep my car): $240
Due at sign: 0 (I didn't paid anything)
1st payment due: 0 (dealer paid 1st payment)
Dealer paid following:
Service fee: 249
Tag and Title 164
License-Lien: 324
Tax due at signing: 39
Sales Tax: 53
1st month pmt: 240
Thank You!
Hitesh
Excellent deal! Congrats and enjoy your new Rogue.
First of all, thank you for all the help being provided here. I'm looking to lease a 2016 Rogue S in South Florida. This would be my 2nd lease (my current lease is expiring in 3 months), unfortunately I negotiated the monthly payment on my first lease, but now I know I have to negotiate the price of the car and not the montly payments. But there's so many variables and I'm still feeling a little lost, though I'm trying to educate myself on this subject before leasing my 2nd car. I've been getting quotes from a couple of local dealers, but now that I stumbled upon this thread, I realize again that I've been asking the wrong questions.
Can you you point me to a good article that I can read about understanding how to read all these car leasing terms? Also, what should I be asking for so dealers provide me with all these numbers and details? Thanks in advance for your time.
Hello,
First of all, thank you for all the help being provided here. I'm looking to lease a 2016 Rogue S in South Florida. This would be my 2nd lease (my current lease is expiring in 3 months), unfortunately I negotiated the monthly payment on my first lease, but now I know I have to negotiate the price of the car and not the montly payments. But there's so many variables and I'm still feeling a little lost, though I'm trying to educate myself on this subject before leasing my 2nd car. I've been getting quotes from a couple of local dealers, but now that I stumbled upon this thread, I realize again that I've been asking the wrong questions.
Can you you point me to a good article that I can read about understanding how to read all these car leasing terms? Also, what should I be asking for so dealers provide me with all these numbers and details? Thanks in advance for your time.
A reporter is looking to speak with car shoppers who recently purchased a truck or SUV instead of a coupe or sedan because they were influenced (at least in part) by today's low gas prices. If this sounds like your experience and you're willing to help, please contact pr@edmunds.com by no later than May 24, 2016.
I'm in MO, have Tier-1 credit and would like to get the MF and RV for 10/36, if possible, otherwise 12/36, for the S and SV. I'm curious about both the FWD and AWD.
I'm in MO, have Tier-1 credit and would like to get the MF and RV for 10/36, if possible, otherwise 12/36, for the S and SV. I'm curious about both the FWD and AWD.
Thank you very much. Just curious: How come you quote 59% RV for others with 12K per year but for me it is 60%. Is it based on the US state? I am in VA.
Thank you very much. Just curious: How come you quote 59% RV for others with 12K per year but for me it is 60%. Is it based on the US state? I am in VA.
Sorry, 36/12 for 2016 Rogue is 59% for all states, all trims. Just a mistake on our part.
$320/month w/ all taxes/fees included... with just 1st month payment down... when I run the numbers I think it should be lower.
I'm Texas, with a 6.25% tax.
thx
Do you know the adjusted capitalized cost? Texas taxes the entire selling price - you can choose to pay it up front or add it into the selling price, along with the other fees.
Comments
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Sales tax for a lease will depend on what state you live in.
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Dealer can't charge you twice for the same fees - it is your choice to either pay them up front or add them into the gross cap cost.
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(Net) Capitalized Cost: A leasing term that means the sum total being financed through the lease—vehicle price plus any extras and minus the capitalized cost reduction. Also known as "Adjusted Cap Cost."
Gross Cap Cost: The gross capitalized cost (“cap cost”) is the value of the vehicle that is agreed upon (the sale price). It does not include anything that you agree to pay for over the lease term (amortized amounts), such as fees, services, insurance, taxes and any prior money balance.
Cap Reduction A cap reduction is basically just a down payment made on a lease. It reduces the total cost of the vehicle by the amount that you pay.A cap reduction is basically just a down payment made on a lease. It reduces the total cost of the vehicle by the amount that you pay.
Monthly Depreciation Fee = (Net Cap Cost – Residual) / Lease Term
Monthly Finance Charge = (Net Cap Cost + Residual) * Money Factor
Sales Tax = (Depreciation Fee + Finance Fee) * Tax Rate
The net cap is not the selling price.
The selling price is the selling price
The gross cap is the selling price, plus all additions.
The net cap is the gross cap minus any amounts paid upfront. (net cap is also known as adjusted cap)
Using the definitions I just gave, the net or adjusted cap is the amount that is used to calculate the lease.
Example:
$42,000 selling price
$595 acq.fee
$500 other fees
$600 accessories/extras
$43,695 Gross CAP cost
Due at signing: $1700 + 1st payment = $1700 CAP cost reduction
$43695 gross cap
$1700 cap cost reduction
$41995 net cap.
Then use the formula you listed in post above.
If you know the formula, quit screwing around with online lease calculators
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Thanks in advance!
All trims.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Total Cap Cost = $29,199 (Includes 5 remaining payments on current lease)
$0 due at signing
MSRP: $32,610
MF .00014
$19,239.90 Residual
6.5% Tax
Total Monthly Payment = $358.58 @ 36 months 12K miles.
By my numbers my payment should be more like $302/mo?
ZERO due at signing?
What about 1st payment, title/license/doc fees? Are they included in the $29,199?
If the answer is yes, are you sure?
Also, which state is this?
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Colorado (Nissan Autonation)
MF 0.00147
residual 59%
Price: $26,055
Discount: $3,270
rebate: $1,000
sale price: $21,84.97
3yr ext/int protection: $787
final sale price: $22,581.97
tax: $1,625.46
tag/reg fees estimate: $27
handling fee: $499
down payment: $2K
monthly payment: $241
also, we gave back our Altima 2013 (they waived last payment and will take care of $1,500 in repairs).
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If you can lease that car for $299/mo. with just first payment due at signing, and they take you out of your current lease with no charges, that's something I would do, assuming that's the car you want.
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Thanks,
Hitesh
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Did I got the best deal? May be not.
Could I have had a better deal? May be.
Well, whatever it is, I am happy with my $240/month payment and my new RoUge
I thought I would share my lease details for Rogue S FWD w/Family pack (3rd row seating) 36 months, 15K miles a year lease deal in Milwaukee- WI.
I signed bunch of papers and walked out with below deal.
0-due at signing
0-down
0-1st month payment
MSRP: 25750
Discount: 2805
Selling Price: 22945
Acq Fee: 595
Accessories (wheel locks): 99
Total Gross Cap Cost: 23639
Total Cap Cost Reduction (rebate): 700
Adjusted Cap Cost: 22939
RV: 14935
Depreciation: 8004
MF: $191
Total of Base Monthly pmts: 8195
Base Monthly Pmts: 227
Tax on money pmt: 13
Total monthly payments: 240
Lease disposition fee (end of lease fee, if I don't keep my car): $240
Due at sign: 0 (I didn't paid anything)
1st payment due: 0 (dealer paid 1st payment)
Dealer paid following:
Service fee: 249
Tag and Title 164
License-Lien: 324
Tax due at signing: 39
Sales Tax: 53
1st month pmt: 240
Thank You!
Hitesh
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36/12k
36/15k
Lease Cash/Incentives?
Thank you
No incentive information for Nissan.
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Thank you!
Edit - sorry for double post!
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First of all, thank you for all the help being provided here. I'm looking to lease a 2016 Rogue S in South Florida. This would be my 2nd lease (my current lease is expiring in 3 months), unfortunately I negotiated the monthly payment on my first lease, but now I know I have to negotiate the price of the car and not the montly payments. But there's so many variables and I'm still feeling a little lost, though I'm trying to educate myself on this subject before leasing my 2nd car. I've been getting quotes from a couple of local dealers, but now that I stumbled upon this thread, I realize again that I've been asking the wrong questions.
Can you you point me to a good article that I can read about understanding how to read all these car leasing terms? Also, what should I be asking for so dealers provide me with all these numbers and details? Thanks in advance for your time.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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36 Months
12K/YR
Virginia
Could you please provide the Money Factor, Residual Percentage and Lease Cash? Does the FWD or AWD make a difference?
We don't have Nissan incentive info.
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Thank you!
.00003 MF and 59% residual for all 2016 Rogue
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
12k 36 months
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MSRP 32,295
Sales Price 27840.25
Untaxed Incentives 1650
Down Payment 320
Acquisition Fee 595
Money Factor .00003
Doc/ Licence/Reg 345.25
$320/month w/ all taxes/fees included... with just 1st month payment down... when I run the numbers I think it should be lower.
I'm Texas, with a 6.25% tax.
thx
Is the sales price before the incentives?
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