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Comments
Naturally, the calculations are correct.
Have you leased a vehicle before? The dealer doesn't decide your lease end charges. You'll get an independent third party inspection, and the charges will be the charges. The inspector doesn't know the financial details of your lease.
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Lease offer:
Thank you. I visited dealer in Phoenix area on Feb 28.
2018 GLC 4 MATIC , LEATHER + premium packages
MSRP 53045
Price 51020
Cap Red: 3015.37
Cash down: 5000
AMO 499.00
Tax 298.00
Acquisition Fee 1095.00
Fee (is not specified which one) 1192.00
They dropped Price to 48K
MF .002200 36mo 15Kmiles/yr
Residual V 56%
Dealer asked 795/mo for 36mo
Could you please analyze it for me.
What would have been better for me and what numbers should I have requested instead.
Do you have MF and Residuals for March, by any chance.
Thank you in advance
Alternatively, could you please point me to the resources where I could learn about churning lease numbers.
Thank you.
Can I please get the MF and RV for 36/10 and 36/12 for a GLC 300 RWD and AWD? In southern california. Any incentives/rebates? Thank you
Selling Price: 39795
$571 DMV Fee
$80 doc fee
$8.75 tire fee
$1,095 Acquisition Fee
I asked for the fees to be rolled into the monthly payments and just paying DMV fees at signing.
They said they're using MF of 0.00102. It was $571 due and 525 + tax / monthly payments.
Are the payments correct?
Socal, 36/12k GLC 300 RWD
(not that your quote was good...)
March program
36/15
.00107 MF and 54% residual
1) AMO $499? This looks like some type of garbage fee or option
2) Acquisition fee $1095 (marked up $300 from base fee)
3) Unspecified fee $1192? I'll guess that DMV fees are included in this, and probably another garbage fee from the dealer
4) .00220 MF? Marked way up from base money factor..
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$50,000 selling price
$795 acq.fee
$800 unspecified fees (being generous here)
$51600 adjusted CAP
.00107 MF
54% residual
$724mo.+tax (8.5%?) = $785/mo.
Due at signing? Just $785/mo.
That isn't an aggressive deal. only 6% off MSRP
I made some assumptions.. If it were me, I'd shoot for lower than that, but as you can see, that is about $4600 less than the deal they proposed.
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AWD: .00107 MF
57%/56% residual for either.
No rebate information.
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Acq.fee is marked up by $300
.00102 MF and 56% residual
Ask them for their adjusted CAP, and see how it might differ. They aren't far off, but that's still over $500.
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Are you familiar with that? Would you please given an example? Thank you in advance
But, first.. you have too find a dealer that isn't already marking up the money factor by that much.
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Do dealers still make substantial profits when they have to sell by base prices of that particular month program, ie March
in AZ
March program
36/15
.00107 MF and 54% residual?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you for providing the Fab 2018 MF and Residual values. I have received the updated offer from dealer today with March 2018 MF and Residual values.
Acq Fee: $1095
MSRP: $52985
Selling Price: $47686
Rebate: $500
MF: .00107
RV: 57%
Doc Fee: $175.68
License: $101
Title: $95
Filing Fee: $25
Illinois Tax: 8.25% Inc. County and State Tax.
Monthly Payment calculated by Dealer: $643.83
With my calculation monthly payment is coming out to be $632.13 with Acq Fee and taxes rolled in.
And Tax total is $1654 with my calculation So what am I missing? does it look good deal?
Any help would be appropriated.
Thank You for your valuable time.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you for confirming the calculations and a prompt reply. This is my first time leasing so sorry for too many questions. However dealer is saying he is lowering the 10% from the MSRP. So shouldn't the Net Cap Cost be lower? Also in the sheet dealer has added $1997.85 as a capped tax which I thought should be lower as per 8.25% and shouldn't be added at the end in the payment like you explained in your calculations?
Thank you for confirming the calculations and a prompt reply. This is my first time leasing so sorry for too many questions. However dealer is saying he is lowering the 10% from the MSRP. So shouldn't the Net Cap Cost be lower? Also in the sheet dealer has added $1997.85 as a capped tax which I thought should be lower as per 8.25% and shouldn't be added at the end in the payment like you explained in your calculations?
Well, 10% off MSRP is a discount of $5298, and I don't see that discount on their worksheet. So, I'd question them on that.
IL taxes the sum of the base payments, using the cap cost of $48,281.50. If I put that number into my calculator, I get a total tax (at 8.25%) of $1741.06. Again, something to ask the dealer.
Don't be afraid to ask them questions - with this much money at stake, you want to make sure you understand every number being presented to you.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
what should my payment be looking like for a GLC 300 Coupe
MSRP: 56,915
Selling Price: 51,790
taxes and fees paid upfront, no cap reduction.
36/12 with March's numbers
Thank you!
Thank you so much for a great advise and your help in this purchase. Now I have better understanding in lease calculations and confident with what to ask dealer before agreeing to any deal.
Thank You!
I spoke to the dealer and here are few updates :
1. For Money Factor I was told that it will be surely lowered once the credit application is run with my SSN . For now it is 0.00200. I asked that to be lowered to .00139
2. perma plate, ding shield : I too want to avoid it but lease being my first time, I was told that it will protect in case of any dings or dents or spills or scratches in unseen scenarios when parked outside. Else at the end of lease I will have to pay from my pocket again , is what I was told. So I am in a fix.
3. doc fee : Can you help me know on what reason or ground can i ask for it to be removed ? Also should it be removed or lowered.
4. Acquisition fee is marked up from $795 : I spoke about that and i was informed that it will be lowered at the final stage once my credit application is run and I am ready to take up the lease.
5. Here is the new quote I received , can you kindly review and please suggest
Thank you very much .
With those prices, $665/mo
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2. I've had 5 leased cars. Total end of lease charges, due to damage = $0. Those are just profit makers for the dealer.
3. Highly unlikely you can get it removed; simply ask for a lower selling price instead
4. First time I've seen an MB dealer be willing to lower the acquisition fee. I'll believe it when I see it
5. 10% off sticker is nice, but you're giving back almost $1300 with the junk stuff and doc fees.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$637 per month (includes NJ sales tax)
good deal?
[Venki] : Agreed Sir.
2. I've had 5 leased cars. Total end of lease charges, due to damage = $0. Those are just profit makers for the dealer.
[Venki] : makes sense. I will avoid the Ding Shield and Perma Plate and will test what happens with my first lease. If I don't try , I never know.
3. Highly unlikely you can get it removed; simply ask for a lower selling price instead.
[Venki] : Ok got you Sir, I will negotiate for better discount on the selling price.
4. First time I've seen an MB dealer be willing to lower the acquisition fee. I'll believe it when I see it.
[venki] : Got you, will keep you posted what happens here.
5. 10% off sticker is nice, but you're giving back almost $1300 with the junk stuff and doc fees.
[Venki] : yes Sir, as you said : what I will do is : I will avoid the Ding and Perma Plate fees + I will try and negotiate for better discount on selling price.
Thank you for your help.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36 months/7500 Miles and 39months/7500 Miles.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Zip code 04401
36/10k
Thank you!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Do you think it would be worth trying to negotiate more since my order was delayed 3 months (supposed to get the car in December) and 2019s are rolling out soon?
.00102 MF and 58% residual
We don't have the 39 month residuals.
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1. Complete protection package via fidelity insurance: $1400 for a 3yr/36k lease ( covers tires, exterior, interior upto $7500 without any deductible.
2. 3yr complete service package(10k,20k,30k): $1080, but it was added in msrp/cap adjustments. Because of this , my residual value went from 58 to 58.8%;?Dealer said I am technically paying only $580 for this service package.
for me second item seems ok as they residualized. Not sure to keep 3yr protection package as that covers tires aswell. Please advice? (Btw, I do have 4yr boy, so not sure interior protection is must or not)
But, if you don't ask, you don't get.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
If #2 has been residualized, that's a good deal - I'm pretty sure you'll spend more than $600 on those three service visits.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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got a quote from our local dealer today. please see below. This is for a 2018 GLC AWD, I am in Indiana
And, the $1020 is a prepaid maintenance plan?
.00107 MF and 57% residual
The money factor is marked up by .00070, and the acquisition fee is marked up by $200.
The money factor markup adds $61/mo. to the payment.
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so yes, it is a 36/10 lease. 1020 for prepaid maintenance. The MF they are admitting of marking up but are not willing to drop to .00107 as they state they need to make some money at the dealership, they did however drop it to .00157. The acquisition is dropped to 795. The quote I have now with the above mentioned is $674. What can I say to get them to drop the money factor?
so yes, it is a 36/10 lease. 1020 for prepaid maintenance. The MF they are admitting of marking up but are not willing to drop to .00107 as they state they need to make some money at the dealership, they did however drop it to .00157. The acquisition is dropped to 795. The quote I have now with the above mentioned is $674. What can I say to get them to drop the money factor?
I'm not sure what you say will make a difference. Possibly, making them believe you won't take the vehicle without a lower payment?
Tell them you want the same deal, but at $639/mo, and see what happens? If you are willing to take $674/mo, any amount they drop is a bonus..
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Would you kindly give me the residual and Mf for a 2018 GLC43 SUV (non-coupe) for 36 months/ 10k miles? i'm picking up my car at the end of the month and the dealer has quoted me 54% and 0.00119. Is the MF being marked up?
If that's a markup, it's not much of one.
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Would you please let me know what you think of the following deal with a monthly payment of $659.36 for 0 cash down? Thanks!
They include tax that may not be part of the lease equation and no mention of the acquisition fee.
What mileage allowance?
Is this RWD or AWD?
Which state? Tax rate?
Did they disclose the money factor?
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