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Comments
Before he said the sale price $32244. Not sure when he did the above calculation he didn't indicate. I said too high I can't accept, asked him $0 upfront, $340/mo. all fees included. But he said he can only do $1350 upfront, $340/mo. Btw how to avoid any hidden fees? Is that correct if I ask him the total cost of lease? Will that be upfront+monthly payment=total cost, and there won't be any additional fees? Thanks
That's why we suggest you negotiate the selling price, then understand fully what was added to that to get to the adjusted cap cost.
You don't want to negotiate the payment; that gives the dealer the opportunity to hide fees into the payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
No Nissan incentive information available
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We do not have any Nissan incentive information
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
And, keep the $400 cap reduction in your pocket. Your payment will go up about $12/mo.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I've never leased a car through a business, but I suspect that the same credit rules apply - the business needs to establish a credit history before a lender will sign off on a lease.
It wouldn't surprise me that the dealer (bank) is asking for your personal financial info, if you are co-signing the lease.
Income is never a determining factor in granting credit - it's your credit history and responsibility to pay on existing debt. That, and your current consumption of credit.
Example - you have two credit cards, each with a $10,000 limit. If you have a balance of $2000 on each card, that is 20% of the available credit.
If you have a balance of $9000 on one card and $6000 on the other, that is 75% of the available credit. You may be considered a higher risk in this case.
Lots of good information on the web about how credits scores are derived, and there are multiple sites where you can pull your own score.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks for filling in some of the missing information. As you can see, vehicle financing is a slightly different situation than credit cards. Many banks use what's known as an "auto enhanced" credit score, where more weight is place on your prior automotive credit history. As you have none, that may explain why the dealer is asking for more information.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
FWD or AWD?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
You always suggest to negotiate the selling price when leasing. What selling price (excluding the temporary promotions) for Rogue SV with no extra options would you consider reasonable as the target in the negotiations?
Your goal is to beat the TMV price for your area.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks in advance!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you again for the assistance.
@kyfdx
@Michaell
.00003 and 58%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00003 and 63% (24/12) or 56% (36/12)
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
0 Down. just 36 monthly payments. I am returning customer -- same vehicle.
I have an offer for 313/months. Sounds high for a MSRP of 26650. My credit scope is 850+.
If it is truly $0 out of pocket, we'll also need to know the adjusted cap cost.
Assuming AWD, the lease numbers are .00003 and 58%
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https://www.edmunds.com/car-leasing/
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
No incentive information
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
New 2017 NISSAN ROGUE FWD
MSRP: $34,560.00
Selling Price: $30,110.26
Down Payment: $571.28
Down Payment Tax: $34.28
Acquisition Fee: $695.00
Cap Costs: $30,133.98
Residual Value - 55%: $19,008.00
Mileage Adjustment: +1.00% - $345.60
Adjusted Residual Value: $19,353.60
Total Inception Fees: $1,694.44
Lease Term 36
MF: .000030
Mileage: 12K
Base Payment $300.94
Monthly Payment With Tax 6%: $319.00
We do, however, recommend that the up front costs be limited to the first payment and DMV costs - roll all the other fees into the lease payment.
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