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Comments
Thanks again.
If so, the incentive is just $6950.
If base, $9000 off isn't that good, considering the incentive.
If it is a higher trim, then $9000 off is just terrible.
Adjusted CAP =
Selling price
Plus: other charges not paid upfront
Minus: down payments (cash cap reduction and rebates)
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$8950 incentive
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
TLX V6 FWD A-spec in 96813 for 36/7,500
The dealers (all brands) here have a supplemental sticker that adds a market adjustment. The Acura dealer's adjustment is $3,995, so the "market value" of the above car is $47,790 (MSRP $43,795). The initial offer that I received said that their "Market Value Selling Price" was $35,384.83. If I use that amount and compare it against MSRP then I'm not even getting the full lease incentive. If I compare it against the "market value" then it is the full lease incentive and a 7.21% discount off the "market value". Should I restrict my thinking to in terms of MSRP or the market value?
Their offer sheet didn't list MSRP, market adjustment, or dealer discount; top figure was the market value sell price. I asked if there were any accessories added and the salesman told me that the selling price includes their "Acura Protection Package" and he rattled off several items. I only remember wheel locks and floor mats. The selling price did not include the acquisition fee of $595 as I had to add that in to back into their monthly payment math. They are using the money factor of .00225. Any guidance on what discount I should be looking for?
Thanks in advance!
Ignore dealer additions to the MSRP. You aren't paying that price, anyway. Why use it for comparison?
Just look at MSRP and selling price. Otherwise, that additional sticker has done it's job by taking your focus away from the actual price. Also, don't place any value on accessories.
MSRP
Selling price
Every Acura lease has a $595 acquisition fee that goes to the bank.
I agree that $8400 off MSRP isn't a good price, given the $8950 incentive
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
TIA
$8950 incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2019 TLX Aspec, 4cyl, 36/10 and 36/12
2019 TLX Tech, 4cyl, 36/10 and 36/12
.00215 MF
$8950 incentive
50%/48% residual for ASpec/Tech
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36/12 Base 2.4L
.00215 and 50%
$6950 incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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$8950 incentives
Either FWD or AWD
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
https://forums.edmunds.com/discussion/55639/acura/tlx/2020-acura-tlx-lease-deals-and-prices/p1?new=1
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Does the incentive come straight off of MSRP or off of the negotiated price?
Thank you.
.00215 MF and 50% residual
$8950 incentive
The incentives are all Acura-to-dealer. It will be accounted for in any price you negotiate.
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.00215 and 48%
$8950 incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$8950 incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
https://www.edmunds.com/tmv.html
Or, scroll back and start reading.
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What trim on the V-6? Also, FWD or AWD?
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Base: 50% residual. $6950 incentive (either engine)
Tech: 48% residual. $8950 incentive (either engine)
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$8950 incentive
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What term and mileage allowance?
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2019 TLX 2.4 FWD Tech
2019 TLX 3.5 AWD Tech
.00215 MF
$8950 incentive
48% residual
Either trim
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Dealers are of course acting as if my numbers are way off....please help me validate....
$43,795 MSRP Down to $38,100 (Using Edmunds True Market Value) - $8950 = $29,150
@ 36/12 - 51% residual, .00215 MF, 9% Tax for PA = $0 Down $327/Month
What am I missing?
Dealer doc fee?
Registration costs?
Does the TMV number already include any incentives? I don't use the tool, so I don't know.
And, the MF is .00225, unless you are a returning customer or you make a single security deposit.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$8950 incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige