I appreciate all your help. I am not expert by any means, just trying to understand better how leases work and hopefully through education I can get good deals.
On my current lease, MSRP was $42,665 as stated earlier. The agreed upon value of the vehicle is stated as 31,131.57. This is 27% less than the MSRP. These are all my numbers as they appear on my lease agreement:
1. Amount Due at Lease Signing $3,818.00 2. First payment of $249.00 (at lease signing) and 23 payments of $249.00. The total of monthly payments $5,976.00. 3. Other Charges: 350.00 (turn in fee). 4. Total Payments $9,895.00 5. a. Capitalized cost reduction $3,569.00 b. First Monthly payment $249.00 Total $3,818.00 6. a. Net trade-in allowance: N/A b. Rebates and Noncash credits $1,000.00 c. Amount to be paid in cash $2,818.00 Total $3,818.00 7. Gross Capitalized Cost (agreed vehicle cost $31,131.57): $32,998.13 8. Capitalized Cost Reduction: $3,569.00 9. Adjusted Capitalized Cost: $29,429.13 10. Residual Value $23,465.75 11. Depreciation and Any Amortized Amounts $5,963.38 12. Rent Charge $12.62 13. Total of Base Monthly Payments $5,976.00 14. Lease Pmts 24 15. Base Monthly Pmt $249.00 16. N/A 17. N/A 18. N/A 19. N/A 20. Total Monthly Payment $249.00
25. Itemization of Gross Capitalized Cost a. Agreed upon value #31,131.57 b. Sales/use Tax $607.06 c. License, Title, and Registration Fees $265.50 e. Dealer Documentation Fee $299.00 h. Acquisition Fee $695.00 m. Total = Gross Capitalized Cost $32,998.13
Would you say this was a good dear or great deal. In my limited understanding of leases, I am just plugging in similar numbers.
Were you targeting $249 for some reason? Maybe I'm reading it wrong, but if I back out all the fees and tax from the cap cost reduction, it looks like you are putting down about $1700? I THINK if you roll that in you should be around $319? Maybe?
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
I appreciate all your help. I am not expert by any means, just trying to understand better how leases work and hopefully through education I can get good deals.
On my current lease, MSRP was $42,665 as stated earlier. The agreed upon value of the vehicle is stated as 31,131.57. This is 27% less than the MSRP. These are all my numbers as they appear on my lease agreement:
1. Amount Due at Lease Signing $3,818.00 2. First payment of $249.00 (at lease signing) and 23 payments of $249.00. The total of monthly payments $5,976.00. 3. Other Charges: 350.00 (turn in fee). 4. Total Payments $9,895.00 5. a. Capitalized cost reduction $3,569.00 b. First Monthly payment $249.00 Total $3,818.00 6. a. Net trade-in allowance: N/A b. Rebates and Noncash credits $1,000.00 c. Amount to be paid in cash $2,818.00 Total $3,818.00 7. Gross Capitalized Cost (agreed vehicle cost $31,131.57): $32,998.13 8. Capitalized Cost Reduction: $3,569.00 9. Adjusted Capitalized Cost: $29,429.13 10. Residual Value $23,465.75 11. Depreciation and Any Amortized Amounts $5,963.38 12. Rent Charge $12.62 13. Total of Base Monthly Payments $5,976.00 14. Lease Pmts 24 15. Base Monthly Pmt $249.00 16. N/A 17. N/A 18. N/A 19. N/A 20. Total Monthly Payment $249.00
25. Itemization of Gross Capitalized Cost a. Agreed upon value #31,131.57 b. Sales/use Tax $607.06 c. License, Title, and Registration Fees $265.50 e. Dealer Documentation Fee $299.00 h. Acquisition Fee $695.00 m. Total = Gross Capitalized Cost $32,998.13
Would you say this was a good dear or great deal. In my limited understanding of leases, I am just plugging in similar numbers.
Thanks,
Bek
It might have been a very good deal, but with $3818 due at signing on a 24 month lease, your actual cost per month was $399/mo. Not very different from your current offer (though for 36 months, this time).
It's not really relevant to your current situation, though. Now, you've got $3750 of extra charges to deal with.
Were you targeting $249 for some reason? Maybe I'm reading it wrong, but if I back out all the fees and tax from the cap cost reduction, it looks like you are putting down about $1700? I THINK if you roll that in you should be around $319? Maybe?
Those figures are from his last lease, not the one he is negotiating now.
Went to the dealer today in So. Cal. I am turning in a 2015 S60. I assume I get the $1000 loyalty plus the 2000 allowance and 2500 lease cash. Based on the deal below they discounted the car $2500 off the sticker then added another $500 "rebate"
They had acquisition fee listed as 995. Is this too high? Land Rover is $875.
Went to the dealer today in So. Cal. I am turning in a 2015 S60. I assume I get the $1000 loyalty plus the 2000 allowance and 2500 lease cash. Based on the deal below they discounted the car $2500 off the sticker then added another $500 "rebate"
They had acquisition fee listed as 995. Is this too high? Land Rover is $875.
Thanks. Volvo USA website says there is a $1000 loyalty bonus. Looks like only way to do better is knock off $300 from the acquisition fee and/or try to get a bigger discount.
Thanks. Volvo USA website says there is a $1000 loyalty bonus. Looks like only way to do better is knock off $300 from the acquisition fee and/or try to get a bigger discount.
Good luck getting the acquisiton fee reduced. None of the Volvo dealers in my area (4 dealerships) would budge on that marked-up fee, but did budge on marked-up money factor. Very frustrating because I know they're obviously making money on other aspects of the deal and are just being greedy...
Comments
24/10, 24/12, 36/10, 36/12
Thanks again for all your help!
I appreciate all your help. I am not expert by any means, just trying to understand better how leases work and hopefully through education I can get good deals.
On my current lease, MSRP was $42,665 as stated earlier. The agreed upon value of the vehicle is stated as 31,131.57. This is 27% less than the MSRP. These are all my numbers as they appear on my lease agreement:
1. Amount Due at Lease Signing $3,818.00
2. First payment of $249.00 (at lease signing) and 23 payments of $249.00. The total of monthly payments $5,976.00.
3. Other Charges: 350.00 (turn in fee).
4. Total Payments $9,895.00
5. a. Capitalized cost reduction $3,569.00
b. First Monthly payment $249.00
Total $3,818.00
6. a. Net trade-in allowance: N/A
b. Rebates and Noncash credits $1,000.00
c. Amount to be paid in cash $2,818.00
Total $3,818.00
7. Gross Capitalized Cost (agreed vehicle cost $31,131.57): $32,998.13
8. Capitalized Cost Reduction: $3,569.00
9. Adjusted Capitalized Cost: $29,429.13
10. Residual Value $23,465.75
11. Depreciation and Any Amortized Amounts $5,963.38
12. Rent Charge $12.62
13. Total of Base Monthly Payments $5,976.00
14. Lease Pmts 24
15. Base Monthly Pmt $249.00
16. N/A
17. N/A
18. N/A
19. N/A
20. Total Monthly Payment $249.00
25. Itemization of Gross Capitalized Cost
a. Agreed upon value #31,131.57
b. Sales/use Tax $607.06
c. License, Title, and Registration Fees $265.50
e. Dealer Documentation Fee $299.00
h. Acquisition Fee $695.00
m. Total = Gross Capitalized Cost $32,998.13
Would you say this was a good dear or great deal.
In my limited understanding of leases, I am just plugging in similar numbers.
Thanks,
Bek
Add 1% for 10K
$2000 Volvo allowance
$2500 lease bonus
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
It's not really relevant to your current situation, though. Now, you've got $3750 of extra charges to deal with.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Staying with 2018 S60 Inscription AWD, for NJ
What would be the numbers for:
24/10, 24/12, 24/15
36/12, 36/15
I already have the numbers for 36/10.
Same MF for 24/10, residual is 57%; same adjustments as above for 12K or 15K
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can you provide the same for S60 T5 Dynamic?
What lease term and howmany miles per year?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$2000 Volvo allowance
$2500 lease bonus
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Inscription money factor is .00030.
All other variables are the same
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
They had acquisition fee listed as 995. Is this too high? Land Rover is $875.
Inscription FWD 36/10 lease
MSRP 42,035
Discount 8000
Sell Price 34035
Doc Fee . 80
Acquisition 995
LIcense 437
Cap Fee 37.75
Gross Cap 35147.75
Customer
Cash 959.35
Rebate . 500
Amt Applied upfront 908.03
Total Cap Reduction 551.32
Net Cap Cost 34,596.43
Upfront charges 489.38
Initial Payment . 1459.35
Due on Delivery 959.35
Base Monthly Payment 382.33
Tax (9.25%) . 36.32
Total Monthly . 418.65
This was basically the first go around without negotiating. Think I can do better?
I think the $500 rebate is the loyalty. We don't show $1000
$8000 off is the incentive + $3500 discount, not $2500.
Acquisition fee is marked up maximum allowed from $695 base.
Given the rest of the numbers, the payment calculation is exact.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Trim, term, mileage, zip code?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
15k
10566
Momentum
thanks
(sorry, I had the xc40 on the brain)
$2000 Volvo allowance
$2750 lease bonus
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$2000 Volvo allowance
$2750 lease bonus
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I can have the numbers for a T5 Dynamic AWD in RI? I am looking for the MF and residual for 36 month/10K lease. Thanks - Don
$2000 Volvo Allowance
$2750 Lease Bonus
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
RV and MF for 46278
Incentives are 2k + 2.75k?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$2000 Volvo allowance
$2750 lease bonus
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$2750 lease bonus
$2000 Volvo allowance
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$2000 Volvo Allowance
$2750 lease bonus
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Thank you!
T5 MOM - I do not see this trim level available in the S60
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$4750 lease incentives
No info on Costco or A-Plan
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Same $4750 incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36/7.5, 10, 12 and 15k.
24/7.5, 10, 12 and 15k.
Thanks.
$4750 lease incentives
Add 4% / 3% / 2% for 7.5/10/12
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36/12
Thanks!
$4750 lease incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$2750 lease bonus
$2000 Volvo allowance
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you in advance.