Thanks. Is that lease cash on top of the 7500 federal tax incentive?
Nope, that is instead of. You don't get the $7500 since you aren't buying the car (the lease bank is). And, the tax credit is lower if you are leasing.
I have been in contact with a couple of dealers for a 2018 Volt Premiere (36/15, $0 out of pocket) and wanted to verify 1) lease payment calculation and 2) if this is a good deal. Here are the details:
MSRP - $39,965 Less GM Regional Incentive - <$4000> Less GM Lease Cash - <$2525> Less Dealer Reduction - <$4000> Reduced Cap Cost - $28,940
Residual Value at end of lease (64%) - 18,383.90 Money Factor - .00088 Sales Tax - 7.75% Normal Ware - $500 <--I asked for excess wear and tear coverage and I'm assuming this is it, but there was no additional detail on this line item.
Payment - $428.39 <--This seems a little high. I calculated this to be $359.11 (excluding Normal Ware cost of $500). Dealer didn't include delivery fees on the itemized lease.
Thank you in advance for looking at this deal and providing feedback!
I have been in contact with a couple of dealers for a 2018 Volt Premiere (36/15, $0 out of pocket) and wanted to verify 1) lease payment calculation and 2) if this is a good deal. Here are the details:
MSRP - $39,965 Less GM Regional Incentive - <$4000> Less GM Lease Cash - <$2525> Less Dealer Reduction - <$4000> Reduced Cap Cost - $28,940
Residual Value at end of lease (64%) - 18,383.90 Money Factor - .00088 Sales Tax - 7.75% Normal Ware - $500 <--I asked for excess wear and tear coverage and I'm assuming this is it, but there was no additional detail on this line item.
Payment - $428.39 <--This seems a little high. I calculated this to be $359.11 (excluding Normal Ware cost of $500). Dealer didn't include delivery fees on the itemized lease.
Thank you in advance for looking at this deal and providing feedback!</p>
I have been in contact with a couple of dealers for a 2018 Volt Premiere (36/15, $0 out of pocket) and wanted to verify 1) lease payment calculation and 2) if this is a good deal. Here are the details:
MSRP - $39,965 Less GM Regional Incentive - <$4000> Less GM Lease Cash - <$2525> Less Dealer Reduction - <$4000> Reduced Cap Cost - $28,940
Residual Value at end of lease (64%) - 18,383.90 Money Factor - .00088 Sales Tax - 7.75% Normal Ware - $500 <--I asked for excess wear and tear coverage and I'm assuming this is it, but there was no additional detail on this line item.
Payment - $428.39 <--This seems a little high. I calculated this to be $359.11 (excluding Normal Ware cost of $500). Dealer didn't include delivery fees on the itemized lease.
Thank you in advance for looking at this deal and providing feedback!</p>
Typo on your residual percentage.. it's 46%, not 64%. I agree on the rest of the lease variables and incentives
When you want $ZERO out of pocket, you have to add back in the fees. $595 acquisition fee $440 DMV $80 doc fee $500 Wear and tear insurance $550 upfront tax on rebates/acq.fee $428 1st payment
That's $2593 on top of the 28940 $31533 adjusted CAP
I get $409/mo.+tax, which is about $10/mo higher than their quote. But, I was estimating some charges.
Instead of ZERO out of pocket, ask to pay first payment and DMV charges at lease inception. If you roll those in, you are getting taxed on something that wouldn't normally be taxed. (still under $1000 due at lease signing)
I am getting a 37/month discrepancy in the deal quoted by my dealer and what the Edmuns Lease Calculator shows. Can you check my numbers please.
Zip 95120, 3 year, 36K miles, Premier. MSRP 40,900, Lease cash 6525, Dealer discount 3600, DMV 440, Doc 80, Acquisition 595 Down payment 1500 I plugged in 48% residual and 0.00092 MF
Edmunds Auto Lease Calculator says 377/month (all taxes included) Dealer quote is 414/month (off by 37/month)
Will really appreciate it if you can check the numbers for me. (BTW: later the dealer has offered me 4K off MSRP so the deal will get a bit better, but I would like to understand the $37/month discrepancy first. Any help you can give me will be much appreciated...
I am getting a 37/month discrepancy in the deal quoted by my dealer and what the Edmuns Lease Calculator shows. Can you check my numbers please.
Zip 95120, 3 year, 36K miles, Premier. MSRP 40,900, Lease cash 6525, Dealer discount 3600, DMV 440, Doc 80, Acquisition 595 Down payment 1500 I plugged in 48% residual and 0.00092 MF
Edmunds Auto Lease Calculator says 377/month (all taxes included) Dealer quote is 414/month (off by 37/month)
Will really appreciate it if you can check the numbers for me. (BTW: later the dealer has offered me 4K off MSRP so the deal will get a bit better, but I would like to understand the $37/month discrepancy first. Any help you can give me will be much appreciated...
What CAP cost are you using? What is the dealer using? That's probably the difference.
@sunil Start with looking at the numbers the dealer has given you. The discount is $4000, not $3600. You have upfront taxes of $599.86. That's tax on the rebate.. If you look at the dealer's numbers in the right hand column, they don't add up. Some of those items are added to the CAP cost, and some of them are taken out of your $1500 cash upfront.
Dealer's Gross CAP $36900 sale price $650 acquisition $99.99 miscellaneous (unaccounted for) $37649.99 gross CAP -6525 rebate =$31173.77 (that's off by another $48.78 unaccounted for)
Using their net CAP, I get $367.35+tax.. Let's assume that equals the $402 payment quoted.
Thanks. You explanation helps me understand the lease better, so much appreciated. I will talk to the dealer and reconcile to make sure there are no hidden $150 fees anywhere. Thanks !
Thanks. You explanation helps me understand the lease better, so much appreciated. I will talk to the dealer and reconcile to make sure there are no hidden $150 fees anywhere. Thanks !
The $150 isn't hidden... We found it. We added up the upfront amounts, and they exceeded the $1500 you are bringing to the deal. That $150 excess is rolled into the CAP cost.
Does anyone have the MF and Residual for Florida on the Volt Premier 36 months 12k and 10k? Also any info on what lease cash, incentives, or GM loyalty bonuses available here?
Comments
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
$2525 lease cash
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
$2525 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
$2900 lease cash
+$2500 customer incentive
24 month lease not supported
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
$2900/$2525 lease cash on LT/Premier
+$4000 customer incentive on either trim.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Can you help update me on numbers for '18 Volt LT in IL, 36/10k?
$2900 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Thanks!
.00088 MF
47%/46% residual for LT/Premier
$2900 lease cash on LT
$2525 on Premier
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Thanks!
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
$2900/$2525 lease cash on LT/Premier
+$4000 customer incentive on either trim
Do those apply to all of California?
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
I show LT or Premier.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
No supported 24 month numbers for the Volt
.00088 and 49% / 47%
$2900 lease cash
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
Thanks!
$2900 lease cash
$4000 regional 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
The only stipulations are that model and trim, in that area.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I have been in contact with a couple of dealers for a 2018 Volt Premiere (36/15, $0 out of pocket) and wanted to verify 1) lease payment calculation and 2) if this is a good deal. Here are the details:
MSRP - $39,965
Less GM Regional Incentive - <$4000>
Less GM Lease Cash - <$2525>
Less Dealer Reduction - <$4000>
Reduced Cap Cost - $28,940
Residual Value at end of lease (64%) - 18,383.90
Money Factor - .00088
Sales Tax - 7.75%
Normal Ware - $500 <--I asked for excess wear and tear coverage and I'm assuming this is it, but there was no additional detail on this line item.
Payment - $428.39 <--This seems a little high. I calculated this to be $359.11 (excluding Normal Ware cost of $500). Dealer didn't include delivery fees on the itemized lease.
Thank you in advance for looking at this deal and providing feedback!
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
zip code is 92620 (southern california).
I agree on the rest of the lease variables and incentives
When you want $ZERO out of pocket, you have to add back in the fees.
$595 acquisition fee
$440 DMV
$80 doc fee
$500 Wear and tear insurance
$550 upfront tax on rebates/acq.fee
$428 1st payment
That's $2593 on top of the 28940
$31533 adjusted CAP
I get $409/mo.+tax, which is about $10/mo higher than their quote. But, I was estimating some charges.
Instead of ZERO out of pocket, ask to pay first payment and DMV charges at lease inception. If you roll those in, you are getting taxed on something that wouldn't normally be taxed. (still under $1000 due at lease signing)
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
$2900 lease cash
+$1500 customer incentive
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
$2525 lease cash
+$4000 regional customer incentive
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
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
.00092 MF
LT: 49% residual. $2900 lease cash
Premier: 48% residual. $2525 lease cash
+$4000 customer incentive, either trim
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Zip 95120, 3 year, 36K miles, Premier.
MSRP 40,900, Lease cash 6525, Dealer discount 3600, DMV 440, Doc 80, Acquisition 595
Down payment 1500
I plugged in 48% residual and 0.00092 MF
Edmunds Auto Lease Calculator says 377/month (all taxes included)
Dealer quote is 414/month (off by 37/month)
Will really appreciate it if you can check the numbers for me. (BTW: later the dealer has offered me 4K off MSRP so the deal will get a bit better, but I would like to understand the $37/month discrepancy first. Any help you can give me will be much appreciated...
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
The discount is $4000, not $3600.
You have upfront taxes of $599.86. That's tax on the rebate..
If you look at the dealer's numbers in the right hand column, they don't add up. Some of those items are added to the CAP cost, and some of them are taken out of your $1500 cash upfront.
Dealer's Gross CAP
$36900 sale price
$650 acquisition
$99.99 miscellaneous (unaccounted for)
$37649.99 gross CAP
-6525 rebate
=$31173.77 (that's off by another $48.78 unaccounted for)
Using their net CAP, I get $367.35+tax.. Let's assume that equals the $402 payment quoted.
$1500 upfront =
$402 payment
$599.86 tax
$529.85 govt fees
$117.75 doc/processing
=$1649.46.
That's $149.46 too much..
If you look up, you'll see that we had $148.77 unaccounted for.. That's pretty much it (within a dollar)
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