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You seem to be all over the map with what you're interested in. May I suggest you take a few test drives and see what vehicle you like the most?
Shopping for the best lease deal doesn't work out very well if you don't like the car you selected.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
With 2500 down, I got them to a figure of 459 + tax a month. Is this good? I might readjust it with minimum amount down instead of 2500.
Also I'm a little confused on how to determine my lease figures when given the money factor/ residual. I get confused by where to include fees/extras--particularly acquisition fee, tax, doc fees, etc. Do you have any links explaining this? Thanks in advance!
Just remember that the "adjusted CAP cost" is equivalent to the "amount financed" on a loan. If you are paying an amount upfront, it doesn't belong in the CAP cost. If you are rolling it into the lease payment, then add it to the CAP cost.
It may seem to simplify things by saying, "$2500 upfront", but it's easier to do the calculations, if you only pay the first payment and DMV fees upfront, and put everything else into the lease.
So, other than the MSRP, you need the selling price of the vehicle. Add the $925 acquisition fee to the sale price, and that should be your adjusted CAP cost. The only other costs are DMV costs and those should be paid upfront. On a $51K vehicle in CA, DMV fees will be approximately $560. (1.1% of MSRP is a good rule of thumb).
Do you know the sale price of the X1 that is associated with their quote?
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A couple of links to help you along ....
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html
https://www.edmunds.com/car-leasing/
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I am seeing a $1500 Lease credit currently on the 2018 X1, I also have Corp Fleet and a OL Event Code, do you know if they can be combined??
Also, how much is Corporate Fleet on a lease?
Thanks
No info on the other incentives.
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Dealer is showing me the below quote. A couple of questions to help me get this over the line:
-MSRP seems to include $995 destination fee when comp'd to BMW website. Is this normal?
-Sale price represents ~7.75% discount to MSRP (incl destination). I offered ~10% discount. Is he in the right context, or is it advisable to push for more?
-$925 acquisition fee unavoidable?
-Advisable to have all fees capitalized?
-$1,500 quoted rebate is apparently conquest program. USAA offering rebate as well - shouldn't this be included on top of conquest?
Thanks!!
2. We suggest 7% off sticker for BMW, but if you don't ask for more, you won't know if you can get it
3. Yes, acquisition fee is imposed by the bank and is unavoidable
4. Yes, capitalize all taxable fees (exclude any government fees like registration)
5. We don't have any information on USAA incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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My model tells me $368.53 depreciation, $99.79 lease fee and $29.74 sales tax. Do you agree?
I will make sure to clarify with the dealer.
Is the $3436 your out of pocket? Or is it $3436 minus the $1500 rebate?
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I couldn't tie out to his quoted initial payment of $1,936.14 - he told me that was first month's plus acquisition plus DMV fees. Even when I break all those out to upfront payments, that number still seemed high to me.
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Yes, quote from a dealer in Westchester county.
san francisco bay area- msrp 44045, sell 40960, 2k mi/36 mo, mf .00152, rv .58, $1500 rebate
good deal?
based on 6k down- first time leaser- what’s best?
.00152 MF and 58% residual is correct for 36/12.
The price looks good.
You don't mention the payment quote.
I wouldn't put $6K upfront to rent a vehicle.
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The price looks good.
You don't mention the payment quote.
I wouldn't put $6K upfront to rent a vehicle.
thanks! sorry, it was $5000 up front plus the 1500. 35 payments at $411 mo, $446 w tax. what is ‘fair’ for up front?
We recommend only the first payment and the DMV costs be paid when you sign the paperwork - add all the other fees (bank fee, etc.) into the cap cost and the lease payment
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The price looks good.
You don't mention the payment quote.
I wouldn't put $6K upfront to rent a vehicle.
thanks! sorry, it was $5000 up front plus the 1500. 35 payments at $411 mo, $446 w tax. what is ‘fair’ for up front?
Ideally, just first payment and DMV fees upfront.
Adding in the acquisition fee, $80 doc fee, $128 tax on rebate, then subtracting the $1500 rebate, I get an adjusted CAP cost of $40,593.
That results in a payment of $519/mo.+tax. At 8.5% rate = $563/mo.
Due at signing = $563 + $500 DMV = $1063.
It's about the same deal... just less upfront and more in the payment.
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We recommend only the first payment and the DMV costs be paid when you sign the paperwork - add all the other fees (bank fee, etc.) into the cap cost and the lease payment
thank you so much! at the original down(5000+ 1500) does the monthly sound about right? there’s a 80 doc fee, 540 license and 925 acq fee. which ones go into cap cost?
Doc and acquisition fee should go into the cap cost.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
No incentive info
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Thanks in advance!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
State: NJ
Term: 36/10k
$1500 lease credit
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Thank you in advance!
$1500 lease credit
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I'm a returning client, so they tell me I'm eligible for a loyalty discount (not sure what that actual number is...they are going to send me some estimates EOD today). Previously leased 2017 X1 was totaled in no-fault accident and waiting for the settlement. I came ahead in the initial insurance settlement, but building a rebuttal to see if I can reclaim a bit more of my down payment.
Last time they also charged a doc fee of $350 and a "permit" fee of $165. Was I taken for a ride there?
2018 BMW X1 xDrive28i with sports seats
I'm interested in this ^ one. Says $2000 incentive and $3000 cash offer (not really sure what that means. Can someone please explain?).
Given that I'm going zero down this time, what would be a good offer, taking into account the above incentives? I'd like to keep monthly+tax < $500.
I read < 1% from MSRP for monthly+tax is a good deal and that I should try to shave off 7% from MSRP. But, curious if that's realistic with zero down. Very much appreciate the feedback. I'll post some concrete numbers here once I get the estimates. Thanks.
Insist on the base rate.
$1500 lease credit
$1000 loyalty
Can't speak to the fees you were charged before, other than doc fees are charged by the dealer, and don't pay for anything specific.
Looks like the "offers" in your link are generic, and not connected specifically to that X1.
1% of MSRP probably isn't realistic, given the lease program.
Example:
$43560 MSRP
$40,511 selling price (7% off)
-$2500 incentive
$38,011 price
+$925 acquisition fee
$38,936 adjusted CAP
.00156 MF
59% residual
$469/mo.+tax
Due at signing: 1st payment, dealer/DMV fees, sales tax on $2500 incentive
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MSRP $40,895
Savings $5,430 (I believe this includes a loyalty discount)
Selling $35,465
Tax $2,524
Fees $610 (doc fees, lic & title, permit fee, property assessment???, tire recycling???)
Total $38,599
Dealer claims payment is $490/mo with zero down.
Is this a decent deal? I plugged in the numbers and looks like the sales price is 13% off MSRP and a tax rate of 7.11%. With residual 59%, it looks like they are using a MF close to 0.00196. Although the MF is quite high, I'm wondering if the 13% off of MSRP justifies this. Monthly+tax is 1.19% of MSRP. Thoughts?
Vehicle Specs
Any feedback would be much appreciated.
Doesn't Utah tax the monthly payment on a lease? They don't collect it upfront, do they?
That's how they make it hard to check the numbers.. they give you numbers that aren't applicable to a lease, and omit others that are ($925 acquisition fee?)
If I take out the tax, but add the acquisition fee, I get an adjusted CAP of $37,000. That's probably not exactly it, because I haven't accounted for upfront tax on the $2500 incentive.
But, with $37K as the adjusted CAP, and .00156 MF and 59% residual, I get:
$453/mo.+tax.
If tax is 8%, that makes it $489/mo.
But, of course, you should ask them for the adjusted CAP cost, and the money factor used.
Also, find out what "$0 down" means, exactly. Is that $490 due at signing? Or, $490 + XYZ?
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I don't know what property assessment is, but I'll guess out of the whole $610, at least half of it is for a dealer fee that pays for nothing.
Those aren't lease specific fees. Just the same fees you'd pay on any new car.
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Can you provide the RV, MF and incentives for 36/10 on 2018 sDrive X1 in TX? Thanks in advance
$1500 lease credit
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the finance guy came out to show me “how good a deal this is” because they are losing $5k on the deal.
1. $2000 of that discount is money coming from BMW, and they're taking back almost $800 in 'back end' (MF bump?). The net discount is just under 7%, which isn't bad, but not quite as good as the dealer makes it seem
2. I'd push for the base MF; have you shopped any other dealers yet? You should....
3. We aren't big fans of cash down on leases - just the first payment and registration fees due at signing
4. I wouldn't believe it when they say they "are losing $5K on the deal".
You've got a decent discount from sticker; push to see what you can do on the MF, and don't be afraid to walk.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I believe the net dealer discount is actually about 12%, if I'm not mistaken?
MSRP: $47,885
Total discount: $8,664
Dealer discount: $8,664 - $2,000 = $6,664
Net dealer discount: $6,664 - $778 = $5,886
$5,886 / $47,885 = ~12.3%
There's only one dealer in the state of Utah, so I'm kind of stuck in that regard (two dealerships, same owner). I plan on pushing for the base MF, and I don't believe for one second they are "losing $5k" on this offer. This was their initial offer, without any negotiations whatsoever; you don't start with your best offer, so I imagine there's at least a little room to move.
The cash down is there because this deal was initially worked off of a "special" they were advertising on their site with $2,018 due at signing. I'm planning on getting rid of the cap reduction payment.
Keep us posted on the state of the negotiations.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I believe the net dealer discount is actually about 12%, if I'm not mistaken?
MSRP: $47,885
Total discount: $8,664
Dealer discount: $8,664 - $2,000 = $6,664
Net dealer discount: $6,664 - $778 = $5,886
$5,886 / $47,885 = ~12.3%
There's only one dealer in the state of Utah, so I'm kind of stuck in that regard (two dealerships, same owner). I plan on pushing for the base MF, and I don't believe for one second they are "losing $5k" on this offer. This was their initial offer, without any negotiations whatsoever; you don't start with your best offer, so I imagine there's at least a little room to move.
The cash down is there because this deal was initially worked off of a "special" they were advertising on their site with $2,018 due at signing. I'm planning on getting rid of the cap reduction payment.
Shop Denver and Las Vegas - get a better deal, and a road trip out of it.
Keep us posted on the state of the negotiations.
I’ll look into nearby states, thanks for the tip. As for the discount off of sticker, am I right that it’s 12% ish or am I mathing wrong? If it is around 12%, I would assume it’s a good deal and maybe it’s useless to try to force the MF down further or look in other states.
Anything over 7% is a strong discount for BMW, and the dealer is likely trying to claw some of that back with the marked up MF.
You may have to give some of that discount back should you push for the base MF.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36/15k in Florida if that matters
Thank you
The vehicle has 3900 miles. Is that calculate at .25/mile to the residual?
$1500 lease cash
Yes, deduct .25/mile for the loaner miles
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
msrp: 37150
sale price: 30650
tax+fees: 2350
monthly payment with $1000 down : $424
mileage on the vehicle is 3600
Is this a reasonable quote?
Thanks!
What lease term and how many miles per year?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige