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No lease credit
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$3000 credit
.00152 MF
59/58/56 RV (10/12/15K)
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Also, I don't know that they had $3000 last month on the 2018 models. We didn't have that information.
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Wasn't 10k/36mo on 35i was 62% just last month?
So now 2018 is 59%, and MF is still 0.00152 for 36/10k?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Just to be sure,
2018 X5 10/36 is 59%, 0.00152, right?
How is this deal? Am I really getting 9.5% off MSRP including 1500 incentive? (7% to 7.5% off MSRP minus $1500 Rebate)
VEHICLE: 2018 BMW X5 xDrive35i
COLOR: Black
UPHOLSTERY: Black
MSRP Base Price $59,250.00
ZMP M Sport Package 4,350.00
4UB 3rd Row Seat + Rear Axle Susp 1,700.00
Metallic Paint 550.00
Dakota Leather Upholstery 1,450.00
Destination and Handling 995.00
TOTAL AS EQUIPPED $68,295.00
SELLING PRICE $63,100.00
Lease Terms Lender BMW Financial Services Term
36 Months Mileage 10,000/year
Money Factor 1.52
Residual Factor 59%
Selling Price $63,100.00
Cap Reduction Tax (8.625%) $2,643.15
Bank Fee $925.00
Capital Reduction $1,500.00
Total Capitalized Cost $65,168.15
Residual Value $40,294.05
Total Depreciation $24,874.10
Monthly Depreciation $690.95
Monthly Finance Charge $160.30
Monthly Payment $851.25
Capital Reduction $1,500.00
Up Front Tax (8.625%) $129.38
Documentation Fee $97.50
First Payment $851.25
Security Deposit $0.00
Drive Off $2,578.12
Rebate $1,500.00
Due at Signing $1,078.12 + DMV
I get exactly 849 using my home-made excel sheet, which is close enough. This means if I pay 950 bank fees down (total about $2000 down) monthly would be $820/mo for $68295 vehicle?
Thanks in advance.
How is this deal?
With those prices, I get the exact same payment - $851.25.
We'd suggest you limit the up front cash to just the first payment and DMV costs - roll the acquisition and doc fees into the lease payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The reason I am asking is because even though total discount is 9.5% off MSRP, I cannot use 9.5% OFF on a more expensive car since 1500 is constant and 7.5% is the discount.
So with exact same calculation, $72500 MSRP would be $865/mo in payments after 7.5% off and $1500 rebate?
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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
Nothing to do with X3, it's not loyalty rebate, it's incentive.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Total Sale price including doc, taxes and fees is $104,434.63.
This also includes a $4,000 savings ($2,500 discount off MSRP, and $1500 Rebate) .
Lease offer:
24 mos / 15k miles
$0 Down $1,897
$2,500 Down $1,787
$5,000 Down $1,678
36 mos / 15k miles
$0 Down $1,546
$2,500 Down $1,471
$5,000 Down $1,397
Residual value 2 year lease is 62% and 3 year lease is 56% / Money Factor is .00192
I need a high milage lease since I do drive a lot.
Would this be the City of Chicago?
MF is marked up the max - .00152 is the base rate, this month.
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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
Thanks for your response.
What is the MSRP?
MSRP is $100,825 (however some of the options picked were redundant, so I will have the dealer redo the numbers)
Would this be the City of Chicago?
Car will be registered in a suburb of Chicago - Will County
When you say .00152 is the base rate, what does that mean? Is that the best rate anyone with best credit can quality? or is that a ceiling and you can negotiate it further down?
Kenny_h,
Yeah, this was just a starting quote. Still have to negotiate with the dealer. I just wanted to know how much lower to go.
City of Chicago has their own tax structure for leases - makes the payment very expensive.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2018 BMW X5 35i - Lease (12K/36 months)
MSRP:$66,635
Negotiated MSRP: $57,817 (after all incentives/ rebate etc)
Total Drive off: $2261 (This includes the first month's payment)
Monthly Payment: $735 all inclusive.
With your prices, I get $679/mo plus tax.
Seems to be in the ballpark.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2018 BMW X5 5.0
MSRP: $97,075
Discount $4,075
Sale Price: $93,000
Lic and Title Fees: $221
Doc Fees: $172.15
Estimated Cap Taxes: $3,107
Lease Acquisition Fee $925
Gross Cap Cost $97,331
Rebate: $1,500
Net Cap Cost $95,831
2 year lease 15k/yr.
RV 62%
MF 0.00192
Monthly Payment $1,785. First Payment: $2,178 (includes Lic, Title, and Doc Fees).
I asked for 8% below MSRP and a MF of .00152, but the dealer is turning down my offer of the MF. They might come down some more on the Sale Price.
If there is a better deal out there, I would like to get a quote from a dealer. .
You need a bigger discount and the base money factor (as you noted)
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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MSRP: $74,060
Cap Cost: $71,300 (-1,000 Fleet Discount)
Payment before tax: $939
Only Inception fees/First payment down.
(My offer was Cap Cost: $68,505 less $1,000 Fleet and $1,500 Rebate if it exists).
.00152 and 59% are correct.
Dealers are becoming more savvy on lease negotiations - you can either get a big discount in price but an inflated MF, or the base MF and a smaller discount.
You'll have to run the numbers both ways, to see which results in the better deal.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
My dealer offered $1500 discount on lease to me on top of % off MSRP. Maybe because I am a returning X5 owner?
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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
BMW X5 5.0
MSRP: $97,075
Sale Price: $91,911
Rebates: $2500 ($1500 lease credit and $1000 for fleet)
Net Cap Cost $90,336
Estimated Cap Taxes $3,834.94 for the 36/15k
Lease acquisition fee $925
36/15k/$0 down: $1390 per month.
Money Factor: .00192
Residual Value: 56%
Can someone please check? Is this a good deal? Also I know the Oct MF is 0.00152 and RV is 59%, however, for a 15k miles per year lease, doesn't the RV change? and hence the dealer quoted an RV of 56%?
MF is marked up.
56% is the correct 36/15 residual.
How much is due at signing?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I've got a pull ahead on X5 lease and got the following quote on the replacement, but it seems a bit out to me. I'd appreciate it if you could advise. Thanks
2018 X35d
MSRP $66260
Sales price $61260 plus taxes
Incentives - fleet and loyalty $2500
Discount - $2500
Cap reduction - $2500 (I said that I wanted $0 down, but this came through regardless)
Rv - 59%
mf - .00157 - This is after applying full MSD reducing from .00192 - seems fully marked up
Doc fee $299
Acq. fee $925
Reg fee $135
Comes out to $857 plus tax monthly
$3000 lease cash on 40e, only
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
1. Yes, MF is marked up the max
2. BMW suspended their MSD program this past spring
What is the adjusted cap cost?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige