.00001 MF and 52% residual .00015 MF and 51% residual
Does 12k/yr add 1 or 2% residual over 15k figures on Platinum?
Also, do you know what the price per mile is if you prepay vs penalty at end of lease? For instance, 12k/yr but add 2-3k miles for a total of 38-39k.
I drive over 36k but under 45k. If I pay for the 2-3k miles over 12k/yr do I keep the same 12k/yr residual?
Add 2% to the 15K residual for 12K
With your miles, I'd suggest you go with the 15K per year. If the MSRP is $50K, that will only cost you
$1000.
How do you figure? The 2% residual lowers the payment by nearly $38/month. x 36 = $1362 over the length of the lease.
Even paying the assumed .25/mile penalty at the end of the lease is only $750 for 3k miles for a savings of over $600.
And if you prepay the miles it is even more savings...
Thus, my initial question of what is the prepay mile rate for Cadillac?
Not to mention you can often get a refund for unused (prepaid) extra miles, so if I end up only driving 36k I save even more.
Going with the 15k (i.e. 45k) only guarantees you that you will lose money and GIVE the dealer the extra miles/profit. As I said in my initial post, I only drive around 38-39k.
So, does anyone know what Cadillac charges for prepaid miles?
You cannot prepay miles when you start with a mileage allowance under 15K
Remember, you're only paying for the residual percentage of that 2% delta in the residual, so $510 or $520 instead of the $750 in mileage penalties.
That was in my initial question (i.e. prepaying additional miles on a 12k vs 15k.).
Regardless, how is the 2% increase in residual only a $520 savings?
$697.93 payment vs $735.78 payment is $37.85/mo or $1362.60 over the length of the 36mo lease.
.00001 MF and 52% residual .00015 MF and 51% residual
Does 12k/yr add 1 or 2% residual over 15k figures on Platinum?
Also, do you know what the price per mile is if you prepay vs penalty at end of lease? For instance, 12k/yr but add 2-3k miles for a total of 38-39k.
I drive over 36k but under 45k. If I pay for the 2-3k miles over 12k/yr do I keep the same 12k/yr residual?
Add 2% to the 15K residual for 12K
With your miles, I'd suggest you go with the 15K per year. If the MSRP is $50K, that will only cost you
$1000.
How do you figure? The 2% residual lowers the payment by nearly $38/month. x 36 = $1362 over the length of the lease.
Even paying the assumed .25/mile penalty at the end of the lease is only $750 for 3k miles for a savings of over $600.
And if you prepay the miles it is even more savings...
Thus, my initial question of what is the prepay mile rate for Cadillac?
Not to mention you can often get a refund for unused (prepaid) extra miles, so if I end up only driving 36k I save even more.
Going with the 15k (i.e. 45k) only guarantees you that you will lose money and GIVE the dealer the extra miles/profit. As I said in my initial post, I only drive around 38-39k.
So, does anyone know what Cadillac charges for prepaid miles?
You cannot prepay miles when you start with a mileage allowance under 15K
Remember, you're only paying for the residual percentage of that 2% delta in the residual, so $510 or $520 instead of the $750 in mileage penalties.
That was in my initial question (i.e. prepaying additional miles on a 12k vs 15k.).
Regardless, how is the 2% increase in residual only a $520 savings?
$697.93 payment vs $735.78 payment is $37.85/mo or $1362.60 over the length of the 36mo lease.
2000 mi/yr over is 6000 total miles. At $0.25/mi, that's $1500.
I have to admit you really had be questioning my logic on this but couldn't see how the numbers were wrong. So, just to confirm you definitely can't prepay miles if your doing a 12k lease?
I have to admit you really had be questioning my logic on this but couldn't see how the numbers were wrong. So, just to confirm you definitely can't prepay miles if your doing a 12k lease?
.00001 MF and 52% residual .00015 MF and 51% residual
Does 12k/yr add 1 or 2% residual over 15k figures on Platinum?
Also, do you know what the price per mile is if you prepay vs penalty at end of lease? For instance, 12k/yr but add 2-3k miles for a total of 38-39k.
I drive over 36k but under 45k. If I pay for the 2-3k miles over 12k/yr do I keep the same 12k/yr residual?
Add 2% to the 15K residual for 12K
With your miles, I'd suggest you go with the 15K per year. If the MSRP is $50K, that will only cost you
$1000.
How do you figure? The 2% residual lowers the payment by nearly $38/month. x 36 = $1362 over the length of the lease.
Even paying the assumed .25/mile penalty at the end of the lease is only $750 for 3k miles for a savings of over $600.
And if you prepay the miles it is even more savings...
Thus, my initial question of what is the prepay mile rate for Cadillac?
Not to mention you can often get a refund for unused (prepaid) extra miles, so if I end up only driving 36k I save even more.
Going with the 15k (i.e. 45k) only guarantees you that you will lose money and GIVE the dealer the extra miles/profit. As I said in my initial post, I only drive around 38-39k.
So, does anyone know what Cadillac charges for prepaid miles?
You cannot prepay miles when you start with a mileage allowance under 15K
Remember, you're only paying for the residual percentage of that 2% delta in the residual, so $510 or $520 instead of the $750 in mileage penalties.
That was in my initial question (i.e. prepaying additional miles on a 12k vs 15k.).
Regardless, how is the 2% increase in residual only a $520 savings?
$697.93 payment vs $735.78 payment is $37.85/mo or $1362.60 over the length of the 36mo lease.
2000 mi/yr over is 6000 total miles. At $0.25/mi, that's $1500.
I think the OP is estimating only going over the mileage allowance 2-3K for the entire lease, not per year.
.00001 MF and 52% residual .00015 MF and 51% residual
Does 12k/yr add 1 or 2% residual over 15k figures on Platinum?
Also, do you know what the price per mile is if you prepay vs penalty at end of lease? For instance, 12k/yr but add 2-3k miles for a total of 38-39k.
I drive over 36k but under 45k. If I pay for the 2-3k miles over 12k/yr do I keep the same 12k/yr residual?
Add 2% to the 15K residual for 12K
With your miles, I'd suggest you go with the 15K per year. If the MSRP is $50K, that will only cost you
$1000.
How do you figure? The 2% residual lowers the payment by nearly $38/month. x 36 = $1362 over the length of the lease.
Even paying the assumed .25/mile penalty at the end of the lease is only $750 for 3k miles for a savings of over $600.
And if you prepay the miles it is even more savings...
Thus, my initial question of what is the prepay mile rate for Cadillac?
Not to mention you can often get a refund for unused (prepaid) extra miles, so if I end up only driving 36k I save even more.
Going with the 15k (i.e. 45k) only guarantees you that you will lose money and GIVE the dealer the extra miles/profit. As I said in my initial post, I only drive around 38-39k.
So, does anyone know what Cadillac charges for prepaid miles?
You cannot prepay miles when you start with a mileage allowance under 15K
Remember, you're only paying for the residual percentage of that 2% delta in the residual, so $510 or $520 instead of the $750 in mileage penalties.
That was in my initial question (i.e. prepaying additional miles on a 12k vs 15k.).
Regardless, how is the 2% increase in residual only a $520 savings?
$697.93 payment vs $735.78 payment is $37.85/mo or $1362.60 over the length of the 36mo lease.
2000 mi/yr over is 6000 total miles. At $0.25/mi, that's $1500.
I think the OP is estimating only going over the mileage allowance 2-3K for the entire lease, not per year.
Yes, as stated in my initial question, that was my intention. Only adding 2-3k miles TOTAL for the entire lease. Thus, a 12k/yr or 36k lease would be 38-39k total.
.00001 MF and 52% residual .00015 MF and 51% residual
Does 12k/yr add 1 or 2% residual over 15k figures on Platinum?
Also, do you know what the price per mile is if you prepay vs penalty at end of lease? For instance, 12k/yr but add 2-3k miles for a total of 38-39k.
I drive over 36k but under 45k. If I pay for the 2-3k miles over 12k/yr do I keep the same 12k/yr residual?
Add 2% to the 15K residual for 12K
With your miles, I'd suggest you go with the 15K per year. If the MSRP is $50K, that will only cost you
$1000.
How do you figure? The 2% residual lowers the payment by nearly $38/month. x 36 = $1362 over the length of the lease.
Even paying the assumed .25/mile penalty at the end of the lease is only $750 for 3k miles for a savings of over $600.
And if you prepay the miles it is even more savings...
Thus, my initial question of what is the prepay mile rate for Cadillac?
Not to mention you can often get a refund for unused (prepaid) extra miles, so if I end up only driving 36k I save even more.
Going with the 15k (i.e. 45k) only guarantees you that you will lose money and GIVE the dealer the extra miles/profit. As I said in my initial post, I only drive around 38-39k.
So, does anyone know what Cadillac charges for prepaid miles?
You cannot prepay miles when you start with a mileage allowance under 15K
Remember, you're only paying for the residual percentage of that 2% delta in the residual, so $510 or $520 instead of the $750 in mileage penalties.
That was in my initial question (i.e. prepaying additional miles on a 12k vs 15k.).
Regardless, how is the 2% increase in residual only a $520 savings?
$697.93 payment vs $735.78 payment is $37.85/mo or $1362.60 over the length of the 36mo lease.
2000 mi/yr over is 6000 total miles. At $0.25/mi, that's $1500.
I think the OP is estimating only going over the mileage allowance 2-3K for the entire lease, not per year.
Yes, as stated in my initial question, that was my intention. Only adding 2-3k miles TOTAL for the entire lease. Thus, a 12k/yr or 36k lease would be 38-39k total.
So your choice is to
1. Go with 12k per year and pay the mileage penalty at the end 2. Bump up to the 15k residual
One thing to consider ... life has a funny way of throwing you a curve. I've seen lots of folks who go with a low mileage lease, then then work or life circumstances change and they go way over - 10, 20k or more.
what are the terms for 24/10 and 36/10 in washington dc 20814?
thanks!
What trim level?
Base and luxury please, thanks!
.00005 MF and 63% residual
.00010 MF and 58% residual
Either trim.
Are these specific to Washington DC area or is it national? Looking at lease specials for Texas and reverse engineering the number the residual comes out the same. I'm looking at the xt5 base 36/10k fwd. thanks
what are the terms for 24/10 and 36/10 in washington dc 20814?
thanks!
What trim level?
Base and luxury please, thanks!
.00005 MF and 63% residual
.00010 MF and 58% residual
Either trim.
Are these specific to Washington DC area or is it national? Looking at lease specials for Texas and reverse engineering the number the residual comes out the same. I'm looking at the xt5 base 36/10k fwd. thanks
Hello, looking again to get a rough monthly payment idea on the following. XT5 FWD standard. MSRP 41585 after destination, sale price is 36259 after discounts and rebates. Sales tax is 8% applied monthly here. Assume base MF and then the applicable residual for 36/12. What would I be looking at? Thanks in advance guys. Much appreciated!
Hello, looking again to get a rough monthly payment idea on the following. XT5 FWD standard. MSRP 41585 after destination, sale price is 36259 after discounts and rebates. Sales tax is 8% applied monthly here. Assume base MF and then the applicable residual for 36/12. What would I be looking at? Thanks in advance guys. Much appreciated!
.00001 MF and 54% residual If $36,259 is the adjusted CAP, then $356/mo.+8% tax = $385/mo.
Thanks for the info! Am I doing my math wrong? Using your formula I get a depreciation amount of 13803 then a base payment of 383 plus the small rent fee then plus tax. Am I off?
Thanks for the info! Am I doing my math wrong? Using your formula I get a depreciation amount of 13803 then a base payment of 383 plus the small rent fee then plus tax. Am I off?
No... you are right, and my numbers were wrong. I must have input a wrong number.
Comments
Regardless, how is the 2% increase in residual only a $520 savings?
$697.93 payment vs $735.78 payment is $37.85/mo or $1362.60 over the length of the 36mo lease.
See? You learn something new every day.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
1. Go with 12k per year and pay the mileage penalty at the end
2. Bump up to the 15k residual
One thing to consider ... life has a funny way of throwing you a curve. I've seen lots of folks who go with a low mileage lease, then then work or life circumstances change and they go way over - 10, 20k or more.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
36/12 or
best term on a luxury model
zip code 33461
thanks Jay
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
what are the terms for 24/10 and 36/10 in washington dc 20814?
thanks!
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00010 MF and 58% residual
Either trim.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I am looking for a new 2017 Cadillac XT5 premium luxury 2wd for my mother
Would like to know Southern California Lease residual & MF for 36/10,000 and 48/10,000
Thank you for your help
.00028 MF and 48% residual
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Are these specific to Washington DC area or is it national? Looking at lease specials for Texas and reverse engineering the number the residual comes out the same. I'm looking at the xt5 base 36/10k fwd. thanks
So far as we know, the GM numbers are national
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
So, $3100 due at signing?
The calculations are correct. The thing that jumps out, of course, is that $789 dealer fee. shewwwwwww
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Thanks!
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
looking again to get a rough monthly payment idea on the following. XT5 FWD standard. MSRP 41585 after destination, sale price is 36259 after discounts and rebates. Sales tax is 8% applied monthly here. Assume base MF and then the applicable residual for 36/12. What would I be looking at? Thanks in advance guys. Much appreciated!
If $36,259 is the adjusted CAP, then $356/mo.+8% tax = $385/mo.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
$384/mo.+8% tax = $415/mo.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Do you have the numbers for June,
CA, luxury, 36/10k, 36/12k and 24/12k
Thank you.
.00001 MF and 54% residual for 36/12
Add 1% for 10K/yr
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Luxury AWD 2/24 3/36 thanks 44471
36/12 - .00009 and 56%
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
CA, luxury, 36/10k, 36/12k and 24/12k
Thanks.
36/12: .00009 MF and 56% residual
Add 1% for 10K/yr
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Luxury - .00009 and 57%
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
48093 Warren, MI
Luxury - .00009 and 56%
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige