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Comments
.00152 and 62% 58% 55%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you.
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66% / 61%/ 58% for 24/12, 30/12 or 36/12
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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I would greatly appreciate your feedback on a lease deal I am considering.
2017 GLC coupe 4Matic
MSRP: $56,265
Discounted Lease Price: 52,000
Residual: $33,771.60/ about 59%
Mileage: 12,000/year for 36 months
Monthly payment: $663.40/ this includes the maintenance ($975) for the 36 month period of the lease and also CT 7.75% of tax
Down Payment: $5,000 this includes
2,270 towards the lease??? (not exactly sure as it doesn't specify)
663.40 first month payment
1,095.00 lease acquisition fee
185.00 registration fee
475.00 doc fee
I find the monthly payment to be very high but again it is a luxury vehicle. Is this a good deal or no?
Thank you in advance!
Residual is exactly 59%. It's likely that the $975 maintenance plan is residualized (added to the MSRP). That's a good thing.
$2270 is a CAP cost reduction. That's what is left over, after paying the other fees, and reduces the CAP cost of the vehicle. Deducting that from the $52K selling price, the adjusted CAP cost is $49,730
That results in a pre-tax payment of $570/mo.
The dealer has quoted you a payment of about $615/mo. pre-tax.
A few things going on here:
1) Acquisition fee is marked up from $795 base
2) $475 doc fee.. makes your effective price $52,475, instead of $52,000
3) Money factor is marked up from the base amount.. likely to the .00200-.00210 range
It doesn't matter if it's a "luxury" vehicle. Lease calculations are all about the math.
Also, there is no point in making a big upfront payment on a vehicle that you are renting monthly. It only serves to obscure the true monthly cost.
For instance, if you only paid first payment and the registration fee upfront on this quoted deal, the payment would be $729/mo. (now, it seems really expensive).
Assuming the selling price is good (and, it appears to be), I would want this deal:
1) $51525 selling price (to make up for the doc fee)
2) $795 acquisition fee (base fee) rolled into CAP cost
3) $475 doc fee
4) No CAP cost reduction
5) Base MF of .00152
6) Adjusted CAP cost $52,795
7) Only 1st payment and registration upfront.
$660/mo.+tax = $711/mo.
$896 due at signing ($711 + $185)
That's $2372 less total cost than your quote.
A lot of savings comes from using the base money factor.
It's not a real cheap vehicle to lease, if you get a good deal.
But, it can be better than what they quoted.
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Lets see if they really want to sell me the car
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Not sure if it can "officially" be done on the paperwork, but you may want to negotiate the price of your new vehicle to offset that $600.
You can attempt to negotiate anything you want. Dealer has to be willing to negotiate, as well.
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MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
We see some dealers adding it to the MSRP, so it's residualized, but that doesn't seem to be universal.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
May I please have the current lease factor and residual for a 2017 GLC300 AWD at 36 months and 7,500 miles per year?
Thanks!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
As the lease deal is going on for a while therefore wondering if I'm missing something here?
We need to know both the MSRP and the selling price to calculate the payment.
We don't recommend putting any money down on a lease - just first payment and DMV costs.
What state and tax rate is this?
Lastly, on-line calculators often make assumptions that we know nothing about.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
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MODERATOR
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
This Florida dealer has a PreDelivery service charge of $699.95. (pure profit). Any suggestions how to handle this charge?
Negotiate a price to mitigate the dealer fee.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
This is what I got after a few emails, which I think is kinda of crazy MF?
MSRP $73,900
Your Price $69,785
Miles per year 10k
Money factor .00165
Residual %56
Payment $1005+tax
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
can you please provide March MF and residual for 2017 GLC300 Coupe 4MATIC for 24/36/39 months 7.5K.
I am in California if it makes any difference.
Thanks!
No 39 month program from MB
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
For 10K should I just subtract 1% from 7.5K residual or MF changes as well?
Thank you.
Yes, subtract 1% for 10K. No change to MF.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige