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So how is the adjusted cap lower than the sales price?
Can you post a screen shot of the lease deal sheet?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP: 53,688
Sale Price: 48,388
Rebate: 2,000
Cap Cost Reduction : 0
Doc Fee: 599
Aquisition: 795
taxes reg first month all up front
Out Of Pocket: 3,800
**45 months/15k a year
499 month
He is saying they are 2k under invoice to get these numbers. I’m not comfortable with the 45 months,...is there even a 45 month program? And would like to get my out of pocket closer to 3k
How does this deal look?
MSRP: 53,688
Sale Price: 48,388
Rebate: 2,000
Cap Cost Reduction : 0
Doc Fee: 599
Aquisition: 795
taxes reg first month all up front
Out Of Pocket: 3,800
**45 months/15k a year
499 month
He is saying they are 2k under invoice to get these numbers. I’m not comfortable with the 45 months,...is there even a 45 month program? And would like to get my out of pocket closer to 3k
How does this deal look?
There is a 45 month program for Lexus - .00050 and 48%
I'm sure the dealer will say anything to get you to sign.
If the $3800 covers all your up front costs, then the cap cost should be $46,388. If I plug that and the MSRP into my calculator, I get $484/mo.
So, not too far off the dealer quote.
But, a lot of that $3800 up front would be at risk of loss if the car is stolen or totaled. Ask them to add everything but the first payment and DMV costs to the selling price, and give you a payment.
You control the conversation - if you want 36 months, say so. You'll have a higher payment, but I'm sure you already know that.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Essentially what you are saying is to move the taxes, doc, acquisition into the payment? I thought it was better to pay that up front otherwise you pay interest on it? I understand your point on risk of loss.
The price has to be discounted, or the adjusted CAP wouldn't be that low.
.00040 MF and 58% residual
$2250 lease cash
Appears your money factor is marked up.
Also, with that adjusted CAP, I get a payment of $601/mo.
Maybe, that is the selling price?
The adjusted CAP would include all fees, plus sales tax, since you aren't paying any of that upfront.
Sales price $55,595
So how is the adjusted cap lower than the sales price?
Can you post a screen shot of the lease deal sheet?
The response I received was "rebate" and "Adjusted cap cost also includes the acquisition fee etc, which is why its not exactly equal to sales price minus rebate." I don't have a lease sheet atm.
OK, so the sales price is pre-incentive, then the fees and such are added back in.
Still, our calculations are less than the dealer quote. $95/mo is almost $3600 difference. I'd keep pushing for the MF they used.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I agree with your math in both columns.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
So how is the adjusted cap lower than the sales price?
Can you post a screen shot of the lease deal sheet?
The response I received was "rebate" and "Adjusted cap cost also includes the acquisition fee etc, which is why its not exactly equal to sales price minus rebate." I don't have a lease sheet atm.
OK, so the sales price is pre-incentive, then the fees and such are added back in.
Still, our calculations are less than the dealer quote. $95/mo is almost $3600 difference. I'd keep pushing for the MF they used.
TTL came back at $3474. Lmk if that changes anything above. Thank you.
Sure, it changes a lot..
But, the Adjusted CAP cost should include everything. It's not a strange term that they don't understand. If the only thing you are paying is the first payment, then the adjusted CAP cost should include all charges. That's why it is called the Adjusted CAP cost.
"Please sir, just give me the d--- number!" Try that..
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"TTL is included in the Total Cap Cost (due to TX tax being paid on the sales price of the vehicle, not monthly payments). So the 696 per mo, included the TTL ontop of the adjusted lease cap cost. Obviously you could opt to pay the TTL upfront, thereby reducing the payment back to your calculation."
Can you post a screen shot of the lease deal sheet?
The response I received was "rebate" and "Adjusted cap cost also includes the acquisition fee etc, which is why its not exactly equal to sales price minus rebate." I don't have a lease sheet atm.
OK, so the sales price is pre-incentive, then the fees and such are added back in.
Still, our calculations are less than the dealer quote. $95/mo is almost $3600 difference. I'd keep pushing for the MF they used.
TTL came back at $3474. Lmk if that changes anything above. Thank you.
Sure, it changes a lot..
But, the Adjusted CAP cost should include everything. It's not a strange term that they don't understand. If the only thing you are paying is the first payment, then the adjusted CAP cost should include all charges. That's why it is called the Adjusted CAP cost.
"Please sir, just give me the d--- number!" Try that..
So need to clarify why TTL isnt included in the adjusted cap cost. Got it. Also, they were very "transparent" about the MF saying it's solely for dealer profit...
The response....
"TTL is included in the Total Cap Cost (due to TX tax being paid on the sales price of the vehicle, not monthly payments). So the 696 per mo, included the TTL ontop of the adjusted lease cap cost. Obviously you could opt to pay the TTL upfront, thereby reducing the payment back to your calculation."
Dude, they're attempting to hosing you, TTL for your state are known items, it's a math problem not modern art, if they aren't telling you the details, move on.
Also, the incentives on the L version are much higher, as they don't sell as well, and a refreshed 2020 RX is right around the corner.
RX450hL: MSRP: 59,088; zero down, zero drive off.
$599 a month including 10.25% tax.
Relative to MSRP, that looks good, but without the details, we can't tell you if it could be better.
When did the sales tax in NJ jump so high?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
At 14.8 percent off MSRP with rebate. Trying to get same monthly for 36 month lease and dealer says they can do it. Waiting on deal sheet for 36 months.
See your post in the other discussion for further analysis.
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Zip 91411.
Thanks!
.00050 MF
Base: 56% residual. $3000 lease cash
FSport: 57% residual. $3000 lease cash
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57%/58% residual
$2250 lease cash
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.00050 and 56%
$2000 lease cash
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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
Please confirm your ZIP code for us.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36/12
.00050 MF and 56% residual
$2000 lease cash
If "0 Down", means actually $ZERO due at signing (not even first payment), calculated payment is $560/mo+tax, which is pretty close to the $619/mo. they quote.
Considering the lease cash, the discount is $4549. (about 8.5% off MSRP)
I'm assuming the non-taxable fees are the $795 acquisition fee plus DMV fees.
It would be clearer, if they could show you the actual lease deal sheet, with residuals and money factors disclosed, and an itemization of the fees.
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.00050 MF and 56% residual
$2000 lease cash
If "0 Down", means actually $ZERO due at signing (not even first payment), calculated payment is $560/mo+tax, which is pretty close to the $619/mo. they quote.
Considering the lease cash, the discount is $4549. (about 8.5% off MSRP)
I'm assuming the non-taxable fees are the $795 acquisition fee plus DMV fees.
It would be clearer, if they could show you the actual lease deal sheet, with residuals and money factors disclosed, and an itemization of the fees.
Thank you very much! If I want to lease a car around 350~380 with 0 down payment. Mercedes A class or CLA?
Without knowing the MSRP or selling prices on either, there isn't much feedback we can offer.
I see you've also posted in the A-class thread; we can pick up the conversation there.
CLA thread, for reference:
https://forums.edmunds.com/discussion/52804/mercedes-benz/cla-class/2019-mercedes-benz-cla-class-lease-deals-and-prices#latest
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2019 RX350 Base and F Sport
36/12
Zip 19810 and 22033
MF, RV, Incentive
Thanks.
56%/57% residual for Base/FSport
$2000 lease cash
Either location
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Thanks!
$3000 lease cash
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36/15k
350 - .00050 and 54%; $2000 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00070 MF and 58% residual
$2000 lease cash
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36month/12k and lease cash. Thank you.
$3000 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige