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And, looks like the MF is marked up a touch, as well (base is .00044 on Sport AWD)
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I couldnot understand the line "my guess is that some of your $2000 out of pocket is going to cap reduction."
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2017 Hyundai Tucson SE Plus AWD, 36/10K, in 11362 (NY).
Thank you.
$1750 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Great credit
Coming out of a Hyundai lease
in NJ 07090
$1750 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I feel like I'm asking you 100 questions today...
Similar to the last post, can you provide the MF and RV for a 2017 Tucson SE (not necessarily 'Plus'), FWD for 36 months and 10k miles/year? Excellent credit and coming out of a Hyundai lease too. This would be in South Florida. Same $1750 lease cash too?
Thank you!
$1750 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I received a quote from a NY dealership on a Limited AWD that will be registered in NJ with differences in RV & MF.
MF = 0.00094 (they are saying 0.00074 is incorrect)
RV = 60% (36/10)
Rebates & Incentives = $3250 (I asked for a break down)
Could someone please advise?
$1750 lease cash
The money factor and lease cash could be different in your region, but the residual isn't likely to be different.
The residual in particular seems to be way off. Verify the term/mileage and trim.
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Based on previous posts, I was assuming a residual of 57%.
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2017 Tucson - From $22,700
Lease starting at $199/month for 36 months with $2,499 due at lease signing (8/1/2017 - 8/31/2017)
Low APR 0.0% financing for up to 60 months (8/1/2017 - 8/31/2017)
Or up to $2,500 Total Savings (includes $2,000 Retail Bonus Cash + $500 HMF Bonus Cash) (8/1/2017 - 8/31/2017) Is this the same or differnt than the $1750 dealer cash you mention above?
I am trying to figure out 36 mo payments, 12K .
Truecar is saying $21810 is best $ in my area ($2000 of that is incentives in small print).
A recent college grad is another $400.
If so I am at $2900 incentives, no?
$21810
-900
$20910 correct as agreed upon MSRP?
Sorry fro all the questions
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Total MSRP $26,120 ($950 Destination Fee included)
Your Savings - $4,187
You will save $4,187 off of the total MSRP of $26,120 on VIN #......, which includes the below manufacturer incentives that you may qualify for:
Customer Cash - Expires 09/05 - $2,000
Requirements & Restrictions
• Customers may receive Retail Bonus Cash towards purchase of new Hyundai vehicle.
Vehicle Price $21,933*
Expires August 31, 2017
Total Price Includes $495.00 Dealer Documentation / Processing Fee $22,428*
With those numbers and what you provide the Edmunds lease tool got me here:
1. Sticker price (MSRP) of the car (includes $950 Dest. Fee) $26120
2. Times the residual value percentage x 0.60
3. Equals the residual value = $15672
4. Negotiated selling price of car $23933
5. Add in fees (CONFIRM THESE) + $795
Dealer doc $495
Reg fee $,
Lease Acq $,
Down payment tax,
DMV$
(On current car it was $1178.54 =Official and lic. Fees, reg, taxes over term)
6. Add lines 4 and 5 to get gross capitalized cost = $24728
7. Subtract your down payment and rebates (cap cost reduc) - $4500
($2000 cash, 2000 Cus Cash, $400 college grad, $100 AMEX)
8. This is your adjusted capitalized cost = $20228
9. Subtract the residual value from adjusted capitalized cost.
This is your depreciation amount. $20228- $15672 = $4556
10. Divide the depreciation amount by number of months
in your lease. This will be your base payment. $4556/36 = $126.55
12. Add the adjusted capitalized cost and the residual
value. Take the sum and multiply it by money factor (.00094).
This is your monthly rent charge.($20228 + $15672)=$35900 x 0.00094 = $33.74
13. Add the rent charge to your base payment to get your
pretax lease payment $126.55 + $33.74 = $160.29
14. Multiply your tax rate by the pretax lease payment
to get the total lease payment. $160.29 x 7% = $11.22 + 160.29 = $171.51
Seem about right??
And, you're counting the $2000 twice - the dealer is counting that in the $4K of discounts they've quoted you. You can't subtract it again.
And, I see no reference to the $595 acquisition fee.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
My example above is from two sources, one a Hyundai program currently running ($2500) and the the 2nd from a dealer locally so I may have confused the issue with $2K x 2
The offer of $4187 (again cking on lease/buy) was $2K Customer Cash-expires on 9/5 and an addl $2187 for a total of $4187 from dealer, which I assumed was the negotiated value down of the car.
I then would be adding a $2000 money down which I included in my line#7 CapCostReduc
And you are correct the Acq fee was not in there, I did not have a number, was confirming in the morning.
So in this case add acq of $595 and get a final price on car with leasing it. Then recalc?
Sorry this always confuse me, thx for the help
And, we don't recommend that large an amount of up front cash - just first payment and DMV costs. The money would be lost if you were to have the car stolen or totaled.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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$1750 lease cash
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he is telling me that line 4 where it says "price" is a adjusted MSRP? Does that make sense???
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$279/month with $279due at signing doesn't sound horrible to me. But The guy has been playing games along the way, so not sure...
$279/month with $279due at signing doesn't sound horrible to me. But The guy has been playing games along the way, so not sure...
Line 4 is the selling price... about a $1000 discount from MSRP.
You need the full screenshot (maybe, two screens) that shows the adjusted CAP cost and the rest of the information, including money factor.
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Or is that average on TrueCar/edmunds a combination of negotiated selling price and rebates(lease cash $2750)???
does that make any sense??? Cuz if the negotiated price should equal what you find on those websites, there should be quite a bit more off MSRP than that, right???
Try to get a price lower than whatever average you're finding in your research.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Add 1% for 10K
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
SE+ AWD - .00094 and 60%
$1750 lease cash
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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
My quote from the dealer then seems to add up (though they have an extra $1500 in incentives added in) --
MSRP: $29,700
Rebates: $3,500 lease cash, $1000 flex cash
Discounts: $1,939.62 dealer discount
Cap Cost: $23,260.38
Fees: $1,090.15
Final Cap $24,450.53
Residual Value: $16,929
Residual %: 57%
MF .00158
$299 / mo (with 9% PA Tax incl)
It is off by $100 for some reason (I get $24,350 when I do the math), but at $24,450 it calculates out correctly for me. Thoughts?
How much is due at signing?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2017 Tucson Limited AWD
- Term: 36/10
- MF: 0.00074
- RV: 57%
- MSRP: $32,750
-
- Discount: $3703.40
- Lease Cash: $1750
- Flex Cash: $1500
- Grad Program: $400
- Uber: only on Purchase, not Lease (very disappointed about this)
-
- Adj. Cap Cost: $25,396.60
- Doc Fee: $80
- DMV: $350
- Acq Fee: $595
- Tax: 6.875% (NJ)
-
- Payment: $253 (includes Taxes + $939 drive off)
- Payment: $280 ($0 sign and drive, which I opted for)
The Uber discount ($1000) would have made this a really great deal, but I was happy in the end.Edmunds Price Checker
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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
Can you provide the credit score ranges for each credit rating Tier ?
Can you provide MF for each credit rating tier?
Thank you
Tier 4 (680-699) - add .00028
Tier 5 (660-679) - add .00046
Tier 6 (640-659) - add .00062
Tier 7 (620-639) - add .00099
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
SE FWD - .00113 and 53%
SE + FWD - .00167 and 56%
$3500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige