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AWD: .00004 MF and 58% residual
For 36/12 or 39/12.
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Either term.
58% for 10K/yr
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1.) FWD Luxury
2.) AWD Luxury
3.) FWD Premium
4.) AWD Premium
39mo/15k miles for all.
Thanks in advance!
.00004 MF and 56% residual
.00003 MF and 54% residual
.00003 MF and 53% residual
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Do you have the lease RV/MF for 39/10 and 39/12 for the 2017 AWD and 2018 QX30 Premium AWD in May for Virginia? Looks like 2018s have come according to inventory on dealer websites.
Thank you in advance!
I've just started a 2018 thread:
https://forums.edmunds.com/discussion/45495/infiniti/qx30/2018-infiniti-qx30-lease-questions/p1?new=1
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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 Base FWD
thank you very much!
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Thank!
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(In order as on the sheet)
MSRP: $35,565
Sale Price: $32,400
Acq. Fee: $700
DMV + Dealer Fees : $273
1st payment: $369
Gross Cap: $33,742
** Sum of preceding (4) items
Net Cap: $33,742
** No trade-in, no MSD, no cash up front
Resid: 58%
** 12K/yr
MF: .00003
Tax: 6% (PA)
Term: 39 mos
This was a feasibility conversation on my part, so there is no trade-in and no cash for cap cost reduction in this yet (there would be a trade-in, but no cash).
As it was put to me, the only inception expense I would be paying out of pocket is the first month's payment, at ~$369.
So, I came up with this math to make it all jibe...
(sale price) + (all fees) + (1st mo.) = (gross cap)
($32,400) + ($973) + ($369) = ($33,742)
Since Gross Cap Cost = sale price, why does the sheet have two sales (different) prices? Is the $33,742 the REAL selling price? If so, what does that make the $32,400? I'm not paying the first month's payment twice, effectively, right?
Any corrections, reassurances, or other guidance are greatly appreciated! Thank you!
But, there is a small problem with your assumptions. PA adds a 3% surcharge to the sales tax for leases. When I plug that into my calculator with all the other numbers provided, I'm within $1 of the dealer quote.
Ask the dealer for the bridge between the $32,400 and the $33,742 - might be a hidden fee or two in there.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
And, as long as the numbers work for you, I can sort out how to back into them; I just wanted to be sure there wasn't anything egregiously off. Thanks again!
(gross cap) - (sale price) - (all fees) = [bridge]
($33,742) - ($32,400) - ($973) = [$369]
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
It comes back to what you said earlier: "cap cost used to model the payment includes any taxes and fees you aren't paying up front". So, to offer a true $0 down, they tack on to the "$0 down" cap cost the 1st mo. payment derived from the "$32,400 sale price".
So, no, you're right, I wouldn't pay it twice -- I'd pay it once, with interest!
So, if that's correct, thank you for bearing with me to work through this!
What is the residual (in PA) and (max) MF on a Premium AWD?
Thank you!
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Thank you!
Down payment is called capitalized cost reduction, and we recommend against this.
Drive off costs should be limited to just the first payment and any non-taxable government costs (DMV, for example).
As you requested "$0 drive off" (at least, I assume that's what the dealer heard), they rolled the first payment into the cap cost as well.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP: $35,565
Sale Price: $33000
Gross Cap: $33,000 (First offer: $33,742)
Net Cap: $33,000 (First offer: $33,742)
** No trade-in, no MSD, no cash up front as CCR
DMV Fee: $135
Dealer Fee: 138
Acq. Fee: $700
Resid: 63% ($22,406, this seems outlandishly favorable!)
** 12K/yr
MF: [???] (I used .00003)
Tax: 9% (PA)
Term: 39 mos
DRIVE-OFF: $1386 (First offer: $0 down)
MONTHLY: $412
So that is +$53/mo over first offer ($359/mo), when paying only 1st month; $44/mo over paying $0 down ($368/mo.); and +$70 over $1K down ($342/mo.).
And, yet, when I ran the numbers completely manually, I get [$297.90/mo.]:
[Lease cost $] = [Cap cost $] - [Residual $]
[$10,594] = [$33,000] - [$22,406]
[Base monthly $] = [Lease cost $] / [Lease term]
[$271.64] = [$10,594] / [39]
[Interest $] = {[Sales price] + [Residual $]} x [MF]
[$1.66] = {[$33,000] + [$22,406]} x [.00003]
[Pre-tax total $] = [Base monthly] + [Interest $]
[$273.30] = [$271.64] + [$1.66]
[Grand total $] = [Pre-tax tota $] x [Sales tax %]
[$297.90] = [$273.30] x [1.09%]
What's missing here? My understanding was that paying the drive-off up front, and not rolling it into the lease, would LOWER my monthly. And, even if I goofed an equation above, the simple fact of the matter is I cannot see how the monthly price would increase so dramatically when the residual goes up by 5%, and the gross cap/net cap/sales price all/only go up $600... Again...what's missing here?
They also included a second option in their email for "only" $5/mo more. So I feel the whole point of this offer to see if they could get me into the premium model because the monthly $-delta is "so minimal" (if you don't look at all the numbers, anyway!).
Just so you know, we don't have any other numbers to confirm other than IFS.
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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
https://forums.edmunds.com/discussion/45495/infiniti/qx30/2018-infiniti-qx30-lease-questions#latest
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(In order as on the sheet)
MSRP: $43,745.00
Sale Price: $40,252.00
Acq. Fee: $700
Admin Fees : $499
Registration Fees: $150.00
Gross Cap: $41,600.99
Cash Down: $2,500.00
Net Cap: $39,711.95
Residual: 55%
** 12K/yr
Term: 39 mos
Monthly payment is $487.
Is this a good deal?
I get $403/mo.+tax with that MSRP and Net CAP.
I'll guess they've marked up the money factor.
The discount is decent, even considering the $499 fee, but the numbers don't add up, using the base money factor.
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May I have the mf/RV in Texas for the below. I also need the info for the 2018, but I'll post in that thread. Thanks!!
Lux FWD
Prem FWD
Sport FWD
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2018 QX30 Premium AWD
MSRP 37700$ + packages 4710$+ 995$ destination = 43405.00$
Sale: 38503.00$
Goverment fee: 170$
Doc fees: 87.50$
Cap taxes: 1612.91$
Acquisition: 700$
Gross cap: 43473.40$
Cash down: 2000$
Term: 39
Miles:12000
Residual: 57%
What is MF in New York State? Is 478$/month good deal?
And is residual will change if I'll get 15000 miles for 501$
Thanks!!!
I get $495/mo with your MSRP and gross cap numbers for 39/12. My guess is that some of the $2000 up front is going to cap reduction.
Ask the dealer for the adjusted cap cost.
For 15K, my payment is $517/mo
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Luxury AWD - 36/10 and if available, 36/7.5
Thanks!
No 7.5K/yr available
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What are the figures for a 2017 base FWD 39/10k?
Thanks!