2017 Acura RDX Tech Package - Lease Question
Hi - I'm new to forums and leases, but have read enough to become somewhat familiar with the process. I made a spreadsheet with the following assumptions:
1) MSRP = 40,805
2) Residual value = 24,075 (59%)
3) Invoice (assuming 7% off MSRP) = 37,949
4) Depreciation = 13,874
Depreciation Payment = 385 (36 mos., 10K miles)
5) Net capitalized cost = 37,949
6) Plus residual = 62,024
Interest payment = 97 (0.00157 money factor)
Bottom line lease payment = 483
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In return from a dealership in Louisiana, I received the following:
1) MSRP = 40,210
2) Residual value = 24,930 (62%)
3) Capitalized cost = 38,680
4) Documentary fee = 198.50
5) Acquisition fee = 595
6) Other fees = 234.50
Total gross cap = 39,708
4) Monthly depreciation = 410.49
5) Monthly service charge = 101.48
6) Sales tax = 51.20
Monthly lease payment = 563.17
I would appreciate any feedback to rationalize my assumptions or determine if this is a bad deal. Thank you in advance!
1) MSRP = 40,805
2) Residual value = 24,075 (59%)
3) Invoice (assuming 7% off MSRP) = 37,949
4) Depreciation = 13,874
Depreciation Payment = 385 (36 mos., 10K miles)
5) Net capitalized cost = 37,949
6) Plus residual = 62,024
Interest payment = 97 (0.00157 money factor)
Bottom line lease payment = 483
---
In return from a dealership in Louisiana, I received the following:
1) MSRP = 40,210
2) Residual value = 24,930 (62%)
3) Capitalized cost = 38,680
4) Documentary fee = 198.50
5) Acquisition fee = 595
6) Other fees = 234.50
Total gross cap = 39,708
4) Monthly depreciation = 410.49
5) Monthly service charge = 101.48
6) Sales tax = 51.20
Monthly lease payment = 563.17
I would appreciate any feedback to rationalize my assumptions or determine if this is a bad deal. Thank you in advance!
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Comments
.00145 MF and 61% residual are the correct numbers for a Tech Package 2017 RDX for 36/10.
$1750 dealer/lease cash.
Given the dealer incentive, their price is too high. (plus, their residual is wrong, as well).
On your first assumption, using the correct numbers, the payment would be $454/mo.+tax.
That would be a reasonable deal. Add in about $30/mo. to cover their fees, and you are at $483/mo.+tax. which is about $30/mo. less than their quote.
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1. Sticker price + options = $40,010
2. Times residual value % = 62%
3. Equals residual value = $24,806
4. Invoice price minus incentives (net capitalized cost) = $37,209
5. Minus residual (from line 3) = ($24,806)
6. Equals depreciation over 36 months = $12,403
7. Depreciation (line 6) divided by term in months = 36
8. Equals monthly depreciation payment = $345
9. Net capitalized cost (From line 4) = $37,209
10. Plus residual (From line 3) = $24,806
11. Equals = $62,016
12. Times money factor = 0.00145
13. Equals monthly money factor (interest) payment = $90
14. Documentary fee = $199
15. Acquisition fee = $595
16. Other fees = $235
17. Equals monthly total fee payment = $29
18. Monthly depreciation payment (from line 8) = $345
19. Plus monthly money factor payment (from line 13) = $90
20. Plus monthly fees (from line 17) = $29
21. Plus sales tax = $51
22. Equals bottom-line monthly lease payment $514
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks.
.00140 MF and $1750 bonus lease cash.
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