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Thanks in advance! We are in 19380
Mazda cx-5 Grand Touring AWD Premium package
Sale Price $31,933.00
Total financed aftermarkets $299.00
Net trade allowance $0
Total cash and rebates $1,610.00
Security deposit $0
Advanced payments $398.90
Upfront charges $306.55
Total cap reduction $904.55
Due on delivery $0
Monthly payment 398.90 for 36 months
base monthly payment $365.96
Tax $32.94
Residual amount $18,771.20
money factor .00001
Annual miles 12,000
Does that look OK?
$890 lease cash
Using your MSRP and adjusted CAP (selling price + $595 acq.fee + $2500 taxes/fees that you listed), I get $429.92/mo. That's always good when it matches their quote.
It's always good to go to the dealership and take a look at the window sticker, or have the dealer take a picture and text or email you a copy. Then, you'll know exactly what's on the vehicle.
But, it appears they've disclosed everything, considering the price matches up. As you've found, lease tax is expensive in MD, as they tax the full selling price of the vehicle.
The only way to lower that price, is to negotiate a lower selling price and/or hopefully get the extra $500 rebate. That $500 will save $14/mo.
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$890 lease cash
Let's walk through your deal.
1. I have no problems with the MSRP; there is an upcharge for the special white paint, and the bumper guard is a factory accessory.
2. Factoring in the lease cash, your discount from sticker is about $2300; use the 'make / model / year' pull downs at the top of the page to link to the price tools. We don't track pricing, so don't know if you can do better or not.
3. Maryland taxes the entire selling price, making leasing more expensive than most other states. The number you need to get from the dealer is the "adjusted cap cost", which is the selling price plus all taxes and fees you are not paying up front. Once we have that number, we can calculate the payment and see where we stand.
4. Any dealer that refuses to be transparent with the numbers is a dealer that doesn't deserve your business; be prepared to widen your search to Baltimore, Washington DC and Northern Virginia - it only takes one dealer to meet your numbers.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Again, get the adjusted cap cost, which includes the taxes and fees you've listed, plus the Mazda acquisition fee.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The number we need is the adjusted cap cost; ask the dealer for this.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you for responding
There is no mention of "adjusted cap cost" on the papers they gave us.
Is it the sale price...$31,933.00 minus total rebates...$1,610.00...Adjusted cap cost would be $30,323.00
Thanks
Is the MSRP $33,520?
If so, the adjusted CAP would have to be about $31,927 to get to the $365/mo. pre-tax payment.
You are missing some numbers. For instance, I don't see the $595 acquisition fee in there.
How much is due at signing, other than the $399 first payment?
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Those are All the numbers the dealer gave me.
Sorry if I am missing something...new to all this
There is $0 due on delivery, as per my original question/post...They only list "Sale Price" as $31,933.00...And total financed aftermarkets... the $299.00 for theft deterrent
Is the acquisition fee rolled in with the advanced payments $398.90, the upfront charges, $306.55, and the total cap reduction $904.55...which btw, totals the same as the rebate...$1610???
Thank you
If we take the selling price, add the $299, plus $595 acquisition fee, then subtract the $905, that leaves an adjusted CAP of approx $31,923.
That gives me $365.83+tax.
$398.75 with tax (assuming 9%)... that's pretty close.
The discount from MSRP is $1587, but adding $299 for theft deterrent (of little value).
Seems like a decent deal.
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Thank you for figuring things out with the limited info!
I thought the deal was average, seems like some of the posts for the same car are closer to $350 total
That would mean getting the selling price down about 2 grand to $30,000, if that math makes sense
Thanks Again!!
msrp 29,135
sell. 28,255
money factor .0001 67% off residual.
lease 2500(taxes and fees) due at signing and $339 a month. can take $15 off monthly.
or
2017 grand touring
msrp 31,835
sell 30,938
money factor .0001 67% off residual.
lesase 2500 (taxes and fee) due at siging and $379 a month. can take $15 off monthly.
also have an option to do $0 due at signing.
his best price.
also they are cutting a check for 409x3 on old lease.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I get $324/mo. on the Touring.
I like your X3 deal better.
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anyways, i told him i cant do the deal now since i have 4 payments left (add $10 extra) for the unaccounted for payment, $409. told him ill be back when my lease is closer to the end, since they are rolling in some of the "allowance" into this deal. i have 3k miles in 4 month. he said he can knock off about $40 a month if not for 4payments plus i also have to pay bmw disposition fee.$350
thanks for your help and correcting the % residual.
stayed up all last night reading most of the post on this chain and bmw.
$1470 lease cash
The 33 month term is pretty much a wash for the Touring model, but it is better for Sport, Grand Select and GT.
I'm sure they have some reason for offering a special on 33 month leases, but anything I can come up with would just be a guess.
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Thanks in advance!
.00186 MF and 67%/65% residual for GS/GT
36/10
.00009 MF and 56%/54% residual
33/10
.00001 MF and 60%/58% residual (might be the best term)
$1470 lease cash
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That is true, but if the car is stolen or totaled before the end of the lease, you won't get those prepaid monies refunded to you.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1800 lease cash
Either drive
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.00030 increase for each tier, more or less
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I'm in the market for a 2017 CX-5 Grand Touring with the premium package in Western NY, specifically buffalo, ny.
Looking for the current rates for a 15k/yr lease.
Dealership quoted me 33mos 55%, but this seems low.
Please let me know,
Thanks!
I got a quote from an MI Mazda dealer 48150.
2017 CX5 GT AWD MSRP $31935
Discount $917
Rebate $1470
Adjusted Price $29548
Residual value $18522.3
33 months lease/10k
Amount due at signing $2454
Official Fees and Taxes $1297.47
Capitalized cost reduction $1568.23
Initial title fee $15
Acquisition Fee $595
Initial registration fees $182
Sales or use tax $108.13
Dealer document processing fee $210
Amount to be paid in cash $984
Rent Charge $16.31 (what is this?!)
Base Lease payment $349.66
Sales/use tax $20.98
Total lease payment $370.64
It didn't mention anywhere but the salesman said the MF is .00001.
I am not really sure all these numbers seem right or not.
First of all, is this a good deal? and all these numbers make sense?
According to Edmund's lease calculating formula, I get $324 with 0 down.
Thanks
.00009 and 51% for 36/15
$1800 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00001 and 57% for both trims
$1620 lease cash for Touring
$1800 lease cash for GT
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Rent charge is the lease terminology for interest.
Ask the dealer for the adjusted cap cost - this is the selling price, plus any taxes or fees you aren't paying up front.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Is there a reason for the 33 month lease? My lease isn't up for 5 months but i'm over on miles and looking at a pullahead.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Also, my 16 CX5 had a residual of 62% when i leased it, why is this years so much lower?
Thanks
And, you'll be in the market 3 months sooner, hopefully for them to sell or lease you another car.
Residual values are often inflated to make the payment seem smaller. When the cars come back from lease, they are worth less than what the contract said. Often, this leads the bank into adjusting the residual percentage to be more in line with the actual market.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
33 month terms are better, this month - .00001 and 59% (GS) or 57% (GT)
$1800 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36/15 - .00009 and 51%
$1470 lease cash
Add 2% for 12K
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