Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I would confirm the adjusted cap cost, which is the selling price plus any taxes and fees you are not paying up front.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Add 2% for 12K/yr
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If the selling price is the CAP cost, then $313/$332 per month for 12K/15K/yr.
I didn't factor in the $2K, because we don't how much of that goes towards CAP reduction.
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That said, the base MF on the 2016.5 CX-5 is .00022, so the dealer was marking that up on you the max they were allowed.
Probably best to start working with another dealer, and be up front with them that you want to lease.
36/10 residual is indeed 64% for Touring AWD.
And, you were not unreasonable to ask for a full accounting of the cash due up front. Some dealers don't necessarily like informed customers; find one that does, and make a deal with them.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Ok I got another deal from a different dealer for a 2016 CX-5 Touring AWD 36month 10K miles in Long Island NY
Price of car - 26,165
Residual Value 61%
MF 0.00001
Taxes, Fees, Registration/ Tag etc - 2016.18
Monthly $226
Cash up front - 2016.18 for the fees
Or with $1000 up front - $256.16/month
Let me know what you think
Seems like a fair deal.
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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
2016.5 CX-5 Sport
AWD
Zip Code: 01752
Miles: 12K
Automatic
Lease Term: 3 Years
Subtract 2% if manual transmission
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2016.5 CX-5 Sport
AWD
Zip Code: 01752
Miles: 12K
Automatic
Lease Term: 3 Years
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2016.5 CX-5 Touring + Moonroof and Bose sound
36mo Lease
15k miles per year
Down payment: 2.500
Monthly: 290
FL - 33716
Is it a good deal?
What is the MSRP?
What is the selling price or adjusted cap cost?
What does the $2500 due at signing cover?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The dealer's initial offer is 63% RV, .00022 MF, $595 acquisition fee,$199 doc fee, $199 secure etch, $120 reg fee, $24 temp - The MSRP of the car is $32,380.
I already saw they have an online discount of $1569 that he hasn't extended so I am obviously asking for that one. Is it realistic to ask then knock down any of all the fees they are charging?
Thank you!
The $199 doc and $199 etch fees are just padding.
Did he mention a selling price or a payment?
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The $199 doc and $199 etch fees are just padding.
Did he mention a selling price or a payment?
His initial and on his words "final" offer is $379 including taxes. Only first payment due. Thoughts?
2016.5 CX-5 GT
FWD
Zip Code: 91602
Miles: 18K
Automatic
Lease Term: 36 month
Thank you
His initial and on his words "final" offer is $379 including taxes. Only first payment due. Thoughts?
Not sure how RI taxes leases. But, you'd need a CAP cost of about $33,600 to get that payment.
Doesn't seem like a stellar deal.
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You'd have to check with the dealer for the residual reduction for extra miles. On a Mazda, It's likely to be $0.10-0.15 per mile
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Doesn't seem like a stellar deal.
The MSRP of the car is $32,380 with all the additional fees it goes up to $33,517. There is no way that with the 2017 model coming up these cars are selling at MSRP price. TrueCar estimates value at $31,800 with exceptional vale being under $31,600. The dealer has a discount posted on their website of $1569 (discounted MSRP:$30,811). He is refusing to give me that discount saying that the car prices for leases are different from the car prices for lease. Does that make sense? I would like to get the discount and knock down the admin fees and the secure etch fee. Am I crazy?
If this guy doesn't want to discount, shop another dealer.
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MSRP: $28,545
Sale: $27,945
Cap: $28,839
MF: 0.00014
Res: 61%
$0 Down & $0 Upfront
Zip: 47906
@ $323.88 / mo without tax and $346.66 / mo with 7% tax
Thanks in advance
2016 or 2016.5 CX-5 Touring
AWD
Zip Code: 06518
Miles: 10K or 12K
Automatic
Lease Term: 3 Years
The GT has a 61% residual.
With your residual, your numbers are correct.
The correct residual would drop the pre-tax payment to $315.99
$600 off MSRP isn't a very big discount, but I don't really know the market on selling prices.
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.00014 MF and 63%/62% residual
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2016.5 CX-5 Grand Touring with -iActivSense and Technology
Zip Code: 92009 (Southern California)
Miles: 12K
Lease Term: 3 Years
Looking for the MF and Residual for:
AWD:
FWD:
Thank You!
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Knowledge is power. Glad we could help.
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36mo-10k or 12k with $0 down or $3000 down?
Down payment amount does not change the numbers, but we don't recommend any down payment on a lease.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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We were hoping around $385/month, but the dealer quoted us $440/month.
The dealer is telling us MSRP is $30,770 (which is the base MSRP w/o options) and the Selling Price is $32,200 b/c of the options. So 1) this looks whack b/c why in the world is the Selling Price GREATER than the MSRP? And 2) this increases the monthly payments a lot b/c the Cap Cost goes up and the Residual goes down so your depreciation charge increases. Oh, and 3) they are adding a $578 JP Morgan Chase Bank fee, which I think is also bogus, but not sure if that's standard for Mazda. Something tells me they are adding fees that I'm not aware of...
Thanks in advance!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The MSRP used for residual calculation is the bottom line number of the window sticker, including the destination charge.
If you are rolling all the inception costs into the lease, it's possible the adjusted cap cost is higher than the MSRP, especially if you aren't getting much of a discount from sticker. I'd confirm that with the dealer, however.
The $575 bank fee is standard with Chase (dba Mazda Captial Services)
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige