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MF, Residual and incentives
Thank you!
$1000 lease bonus
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- Selling price lowered by $500 (MSRP $42415, Selling Price $37,345)
- No cap reduction
Could you please let me know if this looks right? Thanks!
My pre-tax payment works out to $435.34.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I hadn't checked that math, and I see you are correct (of course). I guess I figured that the residual value was automatically calculated by the software. Wonder why it is off? But it should only change the payment by around $6/month, right?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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But the whole thing is odd since the vehicle is listed at $42,415 on the dealer website. It's almost like the Paint Protect was added to the MSRP, but the other two add-ons weren't.
Why did you think it was a loaner?
I thought it was a loaner as the residual value is adjusted downward for the miles that are on the car.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
They don’t do MSD’s anymore, right?
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Sorry to bother you again, but I'm hoping you can look at this new one. I don't trust him because he marked up the MF to .00186. I caught it, but now I'm not sure what else might be wrong. Here's what I have:
MSRP: $41,470
Selling Price: $36,450
Incentives: $1000 Loyalty and $1500 lease credit
It also lists the following, that I'm not sure about:
Total Cap Reduction: $1369.18
Adjusted Cap Cost: $36,085.82
Monthly payment: $463.47
Thanks!
Thank you!!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
And, ask them how much the discount would be in exchange for the base MF?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
That's a good deal. Nearly 12% off MSRP, and the base money factor.
Sign and Drive, right? Just 35 payments?
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I'm assuming it's Sign & Drive with 35 payments. His email said 36 months, 10k miles per year, $0 down. The initial screen he sent me showed a marked up MF, but I caught that. He said "At this price, I have to make some money somewhere." But then he changed it when I said no to the deal if not the base MF.
I'm nervous leasing a car. I appreciate your help, and hope that I've done a good job with it as it's for my elderly mom and I wouldn't want her taken advantage of.
So, 35 payments of $463.47. $0 due at signing.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Base MF is .00166, so they are marking up the MF the max allowed.
Big discount and marked up MF, or smaller discount and base MF - your choice, unless you can find a dealer willing to give you both.
You can continue searching, or hold out for the base MF. Yes, end of the month is a good time to be aggressive.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Base MF is .00166, so they are marking up the MF the max allowed.
Big discount and marked up MF, or smaller discount and base MF - your choice, unless you can find a dealer willing to give you both.
You can continue searching, or hold out for the base MF. Yes, end of the month is a good time to be aggressive.
Hi Michaell,
Do you mind sharing more details about how BMW incentives work? I believe I qualify for $1.5k lease credit, $1k loyalty and $500 corporate discount. How do these incentives impact the dealer's profit margin on the vehicle? Is it accurate that a "good" deal is a 7% discount to MSRP before these incentives?
In the last lease quote I posted, the dealer is offering a $2.5k rebate. To figure out how much the dealer is discounting the MSRP before incentives, is it accurate to add the $2.5k rebate to the initial cap cost of $33,751.to get $36,251, which is a ~4.5% discount from MSRP?
Thanks!
Big discount and marked up MF, or smaller discount and base MF - your choice, unless you can find a dealer willing to give you both.
You can continue searching, or hold out for the base MF. Yes, end of the month is a good time to be aggressive.
Hi Michaell,
Do you mind sharing more details about how BMW incentives work? I believe I qualify for $1.5k lease credit, $1k loyalty and $500 corporate discount. How do these incentives impact the dealer's profit margin on the vehicle? Is it accurate that a "good" deal is a 7% discount to MSRP before these incentives?
In the last lease quote I posted, the dealer is offering a $2.5k rebate. To figure out how much the dealer is discounting the MSRP before incentives, is it accurate to add the $2.5k rebate to the initial cap cost of $33,751.to get $36,251, which is a ~4.5% discount from MSRP?
Thanks!
The value of item (8) is the discounted price, before incentive - just over 11%, which is very strong. The adjusted cap cost is that price less the remainder of the rebate after the acquisition fee is taken out.
The other incentives should be subtracted from line (8), as well.
The incentives come from BMW, and don't affect the dealer profit at all.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
My current 328ix lease is up June 30th. It was a 36/15 at about $480/mo. I’m way under mileage, so planning on a 36/12 this time around. I was thinking X3 or X1, but I think X1 payment may be more my speed.
I did max msd on my current lease. I can use msd again for a new lease, correct? Is it still seven or is the max now five?
What incentives are available to me? Loyalty 1k and lease offer 1.5k?
Do you disclose msd usage or wait until you get their offer and then let them know?
I haven’t been through a bmw lease return before. Does this happen on the same day as new car pickup?
Is 7% off MSRP a good rule of thumb or can I be more aggressive at month end?
I would rather put a sharp stick in my eye than deal with another stressful lease negotiation and will time running out...I feel sick.
Any helpful advice is greatly appreciated and may just save my ulcers from bleeding.
.00166 and 58% for 36/12
If you have MSDs on your current lease, you can carry them over. However, the parameters have changed - max 5 allowed, each of which deduct .00005 from the MF.
Yes, 7% off MSRP, before incentives, is a good target.
Just do your research - we're here to help - and you'll get the confidence to walk into the dealership with the knowledge to negotiate a deal you'll be happy with.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
**MSRP: $38,245
**Discounts: $5,589
**Selling Price: $32,656
**Manufacturer’s rebate: $1,500 (offer says adjusted cap cost is based on selling price + $925 acquisition fee and does not include rebate)
**Residual : $22,565
**Monthly Payment: $372 incl. taxes - the note says taxes are $29 of the monthly payment but that seems like more than 7.5% so not quite sure how that works
**Down Payment: $1,500 (1st month's payment, registration + fees, tax, and $400 cap reduction)
**Months: 36
**Annual Mileage: 30k total, 10k per year
Cap cost would have to be around $31,750 for that payment, with tax.
If we subtract the $1500 incentive and the $400 cap reduction from the selling price, that gives us $30,756, meaning about $1000 has been added in. And, the bank fee is $925, so that about does it.
Looks like a pretty good deal, from here.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
We are in Los Angeles, California, by the way. Lease terms: 36 mos / 10k miles
MSRP: $44,045
Selling Price: $40,696.61
Residual: 59% ($25,986.55)
Money Factor: .00166
Total CapReduction: $3085.30
Adjusted CapCost: $38,536.31
Down Payment (including first month, taxes, driveoffs): $2000
Monthly Payment (including taxes): $499.00
Does this seem like a good deal or where do you think the wiggle room could be? Any advice here would be fantastic. Thanks!
Don't you find it interesting that the dealer put a quote together that results in a payment of just under $500? And that you have to come up with $2000 cash to do so?
If the tax rate is 9.5%, the numbers are spot on.
You are getting 7.6% off MSRP, which is good. And the base MF, which is also good.
Really, not much to complain about this quote. I suppose you could push for more discount from sticker, but that will save you about $15/mo per $500 saved.
Just not a great program, is all. Nothing you can do about that, or the tax rate.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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When the 2019's come out, is it expected that the RV will go up? And I'm assuming there is no way to know what will happen in July (to MF or the rebates...I'm sure the RV won't go up).
You are correct - no predictions on what will happen to the numbers in July.
Generally, residuals are highest at the beginning of the model year.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Stalemate.
Some dealers embrace the 21st century, and understand the power of the internet. But, those dealers are few and far between.
Sometimes its best to show up with checkbook in hand, to show how serious you are.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
$1000 lease credit
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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Thanks in advance!
$1000 lease credit
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
MSRP: $40,895
Selling Price: $35,783
$2500 in rebates used for DMV, 1st payment, and the balance to cap reduction
Zero drive off
Looks really good.
$1335.33 CCR
$525 DMV
$7 tire fee
$442.98 1st payment
= $2310.31
That's $190 short of the $2500.
Tax on the $2500 rebate?
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Hmm...I don't know. I have an updated screen, as he used the wrong tax rate at first. So now if I add up the numbers, it's $211 short of the $2500. That would be 8.4%, and our tax rate is 9.5%.
So do you suggest I ask him about the missing $211? And otherwise, it looks good?
Thanks!
$123.91 CALIFORNIA TAX ON CCR
$451.17 FIRST PAYMENT
$526.00 DMV
$7.60 CALIFORNIA USE TAX
$80.00 DOC FEES
$7.00 CALIFORNIA TIRE FEE
TOTAL $ 2500.00
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