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How big is the discount, before deducting the lease cash?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
It's been a while since my last lease, when negotiating the sales price, once negotiated, do you then subtract the lease cash incentive from the negotiated price? I'm plugging in the numbers to figure out the depreciated fee and the finance fee.
I confirm .00040 and $3750.
Not sure if the $3750 is dealer or consumer incentive; if it's a dealer incentive, it's likely to be included in any offer from the dealer.
If it's a consumer incentive, negotiate your best price, then subtract the incentive.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
But, I would assume that any price they give you already includes it. Most dealers will quote the lowest price possible upfront, then hit you with the crap fees later. It rarely works the other way.. Giving you a high price, then saying.. oh, yeah.. here is some free money.
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Think I am getting a poor deal but the dealer says they are all in at this offer. GS 350 F Sport with ML Sound, Power Trunk, Accessorie Package, body side moulding...
MSRP $56,727. So California.
Selling price $50573 which they say they are taking a loss of $1,605 on the car.
They are then adding the Acq fee of $795.
The drive offs are $1,521 (1st month, reg, admin doc, etc...) which they are using the lease cash to pay for and the remainder of the lease cash is being applied as cap cost reduction $2,228.
Total cap cost after discount adding the acq fee and deducting cap cost reduction is $49,139.
They note on contract the residual is 51% with a bump of 2%. The residual value per contract is $29,526 which is 52%. They say as this is a mangers car and has 2,700 miles on it the residual is being reduced due to the miles already on the car.
There is a mileage credit of $539 but that is only $.20 cents per mile but I will have to pay $.25 when I return the lease. Should these numbers not be the same. I am also being told that I have a total of 36,000 miles and the current mileage is included in that. Is that true?
I have a few issues as I am being hurt for the miles on the residual as well as upon return of car and the credit does not seem correct.
They say they are all in but the car is not brand new as it has been driven $2,700 miles and this does not appear to be taking into account when calculating the discount.
Their payment is coming in at $591 plus tax. Seems high for a car in this situation of being a managers car with a a fair bit of mileage already on it.
I know that it is best to put zero down but what about paying the non-taxable drive off’s so that they are not included in lease payment and taxed. The drive offs don’t seem that bad.
I have three months remaining on my lease and Lexus Financial has sent me a waiver for these if I turn I early and will waive the disposition fee. Should I wait until April 3 and see the new offers or is there anything else I can do to reduce the payment?
Thanks for any input.
I guess my question is this - what kind of price / payment would you get on a brand new unit with 0 miles on it? That's the comparison you have to make to the demo unit.
Yes, the residual is adjusted due to the miles on the car But, there had better be a bigger discount from sticker to compensate.
Drive offs should include just the first payment and DMV costs - roll the other fees into the lease payment.
I wouldn't worry about whether they are "losing" money on this, or not. I seriously doubt the sales manager would approve a deal where there was a loss, somewhere.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Haven't seen a lease done that way, lately, but maybe that keeps the incentives in place? Sort of weird.
I'd check with them about that.
The calculations are about right..
You have to compare the lease payment on a loaner to the comparable lease payment on a new car, to see how much you save. To just look at it in a vacuum, and say it looks high because it's a loaner... doesn't really mean anything.
1) Check on the mileage situation. It's okay to take a lease like that, if you can live with 11,100 miles/year. But, if you really need 12K/yr, that won't work.
2) If the first payment and DMV charges come out of the rebate, before applying the rest as CAP reduction, then they aren't being taxed. Paying them upfront would save a tiny little bit in finance charges, but it won't change the tax obligation.
3) It seems like a decent deal, but it never hurts to push for lower. Keep in mind that it's just 35 payments, with zero out of pocket.
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So just to be clear normally (not always) the mileage already driven would affect the residual but if I want 36,000 miles they should be added to the current mileage? So effectively on this car the mileage allowed at the end of the lease would be almost 40,000 miles? That is how I read your response. I know it does not matter for this deal but would like to know how it should work.
Thank you
It's possible to do it the other way, but we rarely see that.
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Can you give me the MF and residual for a GS350 AWD Non-FSport in NY 36Months/10K Miles?
Also, are there any lease incentives?
Thanks
We do not have the Eastern region MF or incentives; in the Central region, we show .00040 and $3750 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks!
$3750 lease cash
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We don't have your region, but here is the next closest:
.00040 MF
$3500 lease cash
We don't see any loyalty
Your region should be similar
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What is the residual value 36mo 10k miles (8k miles as well if possible)
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Thank you !!
.00040 MF and 51% residual
$3500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Add 2% for 12K
.00040 MF
$3500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$3500 lease cash
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Thanks in advance!
53% residual.
We do not have the Southern region MF and incentives; for the Central region, we show .00040 and $3500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00040 MF
$3500 lease cash
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i just got a quote on a 2018 GS350 AWD F sport.
36/10 $0 out of pocket for $771 a Month.
This is seems really really high to me.
I am in KY and wondered what the MF and Residuke are and any specials.
This is for a car MSRP $59K and some change.
What have ave people been seeing on payments.
Thx.
Paul.
$3500 lease cash
54% residual
What is the selling price?
Adjusted CAP cost?
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50% residual
We don't have the Southern region numbers; for the Central region, we show .00040 and $3500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Add 3%
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