Car Buying Advice - 2017 MKX Money factor and residual

mives87

I think the cap cost would be 44,953

Michaell

mives87 said:

I think the cap cost would be 44,953

That seems better; if the tax rate is 6%, I'm at $560/mo as well.

mives87

Great  thanks!

mives87

Just got new deal quote from dealer with March numbers.  MSRP 47,960, cap cost (including six fees and title) 46,641.85.  Rebate of 2,250 sales tax rate 7.50%, residual 56%, 36/12, MF .00012.  Lease pymt of 537.82 (includes tax).  Upfront $706.57 which is first month pymt plus tax on rebate.  Sound right?

mives87

So net cap cost after rebate is 44,391.85

Michaell

mives87 said:

Just got new deal quote from dealer with March numbers.  MSRP 47,960, cap cost (including six fees and title) 46,641.85.  Rebate of 2,250 sales tax rate 7.50%, residual 56%, 36/12, MF .00012.  Lease pymt of 537.82 (includes tax).  Upfront $706.57 which is first month pymt plus tax on rebate.  Sound right?

mives87 said:

So net cap cost after rebate is 44,391.85

I show the MF as .00010 for March, and an after tax payment of $531/mo.

Confirm the adjusted cap cost with the dealer - about $200 difference.