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Leaving the negative equity and cash out of the equation, your MSRP and adjusted price gives me a payment of $737/mo, before tax. Tax rate of 6% (guess on my part) takes the payment to $781/mo; that's a long way from the $824/mo quote you got.
You aren't "eliminating" the negative equity; the cash down is addressing it.
Ask the dealer what the adjusted cap cost is - if higher than $63,610, find out what's been added (for example, I don't see the $925 acquisition fee mentioned anywhere).
And - I gotta ask - why does this Florida car come equipped with the cold weather package?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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The dealer added about $1200 for taxable fees, doc fee, sales tax & licensing.
This brought the monthly rate (including 6% Florida taxes) to $824.
I know you recommend adding any non-government fees into the cap cost, and not making the cap cost reduction. I'm a little indifferent, but I may do as you suggest and paying the taxes up front.
I'm going to confirm the details of the cash down with the dealer, and then I think I'm ready to move forward.
As for the Cold Weather Package, well, it's already on the car I am looking at, so there's not really a way to get it out. Also, we love the heated seats! I'm originally from the Northeast, but after 10 years of living here, I am a bone fide, thin-skinned Floridian. There are about 10 days a year when the heated seats are a nice add. Otherwise, it's just money not well spent!
I really appreciate your help. I think I am getting a good deal and I hope you agree!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Meanwhile i received the below quote from another dealer.
MSRP: 69257
Selling Price: 63716 (8% off)
0 Down payment
2494 (Basic Drive Off consisting of first payment, registration, bank fee, and tax)
36 months / 10K miles a year
759 a month plus + local sales tax on payment (California)
Do you think this is a good deal ? sorry to ask again as i am little off with these lease numbers
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If it comes to $739/mo, is it a good deal ?
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I found the car I wanted, a well appointed 440i convertible, no others with the same packages (M Package, Technology, Drivers Assistance and Drivers Assistance Plus) within at least 1,000 miles.
I negotiated a deal, including trade-in of my 2012 335i convertible, and put down the requisite deposit to hold the car. I was planning to make 7-hour the (round trip) drive tomorrow and execute the deal.
The salesman called me tonight to tell me the car I thought I was getting was sold/leased to another person! Plus, I have a balloon payment due on my 335i in a couple of weeks. I'm a little underwater with the current car.
Can you provide some guidance on my course of action? I'm definitely not asking or suggesting you give me legal advice.
I don't expect to lose value on the money factor or residual, and the same car can be built and delivered in 4-6 weeks. This is a big dealership in Florida with a lot of stroke. I guess I'm asking what you might think is appropriate for me to ask for to sweeten the deal given their snafu?
Perhaps some credit at the parts department, too?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I get $552/mo with those prices.
Do you have a full breakdown of the up front costs?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$559 - first payment
$925 - bank fee
$499 - dealer fee
$1484 - taxes
$105 - taxes on bank fee and dealer fee
$3572 - total
Anything jump out at you? $559 payment seem reasonable?
What is the tax rate and the MSRP, cap rate?
And what is the "dealer fee" for?
Dealer fees are restricted to $75 in NY.
That doesn't necessarily mean the total price will be cheaper there, though.
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No option allowance, and no information on other incentives.
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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
However, CT calculates sales tax against the monthly payment, while NY assesses sales tax against the sum of the payments and collects the entire amount up front.
I'd get clarity from the dealer how this is working, given you are making the transaction in CT but will register the car in NY.
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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
2017 440 Coupe Estorial Blue/Red
M Sport
Drivers Assistance
MSRP $ 55145
Cap Price $ 51900
$ 3000 D/offs 36@615.06 plus tax 12000 miles
0.134 Is Buy Rate BMW Money Factor
60 Residual $ 33087
$ 2265 is the Drive $ 735 Cap Reduction = $ 3000
There is a 925 Bank Fee from BMW
Thoughts? It seems high to me.
Model 2017 440i
Estoril Blue Metallic 700.00
Driver Assistance Package 950.00
M Sport Package 2,550.00
Technology Package 2,750.00
Black Kidney Grilles 230.00
Painted Rear Spoiler 455.00
Net Total 57,035.00
Total Suggested Price 58,030.00
Sale Price 50,845.00
36 months lease
12k miles
$0.00 Down Payment
Due at Signing 1st payment and DMV fee
$586/month+fees
I'm guessing the DMV fees are just registration cost? Any idea what they would be in California?
Confirm the adjusted cap cost with the dealer
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
DMV costs in CA are roughly 1.1% of MSRP.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
My current lease is going to end this June and I am considering putting an order for a custom 430i. Last time I leased a 428i. It was in stock and I managed to get 5% off of the MSRP. I was wondering what the discount range is if I want to put an order for a custom build. Any suggestions? The MSRP based on the website in roughly 59K.
Are there any incentives given this will be the second car I am leasing from BMW?
Thank you in advance.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
No loyalty info on BMW.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP: 54,080
L.E.V% 61%
Lease end value: 32,988
Doc fee: $150
Initial Cap. Cost: 48,860
Adjusted Cap. Cost: 49,785
Lease factor: 0.00154
Total payment monthly: 651.65 after tax ($594 before tax)
License fee: 250$
Amount due at Signing (1st payment plus fees): $1,054
Total Sales tax: $2,074.32
Total Cash surplus: - $1054
Sales tax: 9.7%
36 months lease
10k miles
$0.00 Down Payment
OR
Can apply max security deposit, and the monthly payment after taxes is $607.16.
In Washington (seattle area)..
The dealer is selling under the costco program which is 1500 over invoice, plus corporate and holiday program, they are getting the car $2000 under invoice.
Thoughts? I feel like this is still too high, but can't seem to get a deal like people who post online.
MF is bumped a bit from the base of .00134.
The math is correct. MF bump is costing you about $18/mo.
You are getting almost 10% off sticker, which is pretty good for a BMW.
BTW, $589/mo with base MF less MSD (.00085 MF net). We always recommend the MSD, if you have the up front cash.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
430i Gran Coupe (RWD, 2L I-4 Turbo)
430i xDrive Gran Coupe (AWD, 2L I-4 Turbo)
440i Gran Coupe (RwD, 3L I-6 Turbo)
440i xDrive Gran Coupe (AWD, 3L I-6 Turbo)
Thank you!
Jose P
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Sticker Price: $54,590
Selling Price: $49,850
Money Factor: .00134
Residual: 60%
Down Payment: $3,735 (1st month, DMV, fees & docs, NO security deposit)
$581 per month for 36 months, 12,000 miles per year.
Thank you in advance.
Wow, is it nice!
.00134 MF and 60% residual is correct.
I get $585/mo with those numbers. (pretty close)
I'd want a breakdown of exactly what is going into the $3735. If there is anything hiding in the deal, it would be there.
$585 payment
$925 acq.fee
$1550 tax
That's $2960.. $775 for DMV/dealer fees? I guess that's about right.
I wouldn't want to put that much upfront. I'd roll the tax and acquisition fee into the lease.
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2017 440i convertible 36/10k miles
Thabk you!!!
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