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Can I please get the residual, MF, and incentives for 2020 Kia Soul LX FWD 4D Hatchback in zip 85260?
36/10k
Thank you!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00181 MF and 58% residual
$2060 lease cash
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$1200 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1260 lease cash
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I'm working on a deal for a Soul EX and supposed to go in tomorrow to sign.
In the emails back and forth we had been using a MF of 0.00184. My numbers never quite matched theirs -- off by a couple dollars here and there. When I run the latest numbers through an online calculator, I get around $215 pre tax, and $237 with tax of 10.25%.
The manager is telling me it's $217 and $240 saying "in 35 years of selling cars, I've never seen the numbers match exactly".
Well, if I change the MF to 0.00190 I get their numbers. They're obviously trying to squeeze a couple more dollars out of the deal and profit off the percentages and make up for an "error" that came to light when we were going over the final number. They said "the MSRP listed for the car was off by $50, but we'll honor the cap cost you worked out". So, they're making up that $50 mistake by slightly raising the MF.
My instinct is to stick to the original numbers and insist that the $50 MSRP mistake was theirs, not mine.
Thoughts? Am I just being petty?
Once I complete the deal, I'll report back.
Here's the screenshot:
I'd rather structure it with just $820 due at signing, and $260/mo.
Seems very reasonable.
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Also, do you know what the DRIVE OFF of $2738, "Purch Option LEV Add" and "Cash Cap Reduction" are? The drive off I requested was acq fee, title/registration, taxes and first month (that's the $1470 value).
It seems reasonable to me as well.
Purchase option LEV = extra fee you'll pay added to the residual, if you want to buy at lease end.
Cash CAP reduction is the part of your upfront money that is left over, after paying first payment, Cap tax, license and doc fees. it's used to lower the CAP cost (along with the rebate)
Reasoning:
Paying non-taxable items (DMV fees, first payment, etc) upfront, keeps them from being re-taxed within the payment. Taxable items paid upfront (CAP cost reductions, acquisition fees, etc) get taxed, either way, so I like to roll them in.
Most leases have pretty low money factors. Unfortunately, not the case with Kia, so there is some penalty to putting less upfront, compared to a lease with a low MF.
The other reason: If you go out and total your car tomorrow, GAP insurance will make sure the lease balance is paid off, but it won't reimburse you for anything you paid upfront. If you put a large amount upfront, that amount is at risk, if the lease terminates early. (not that you have a lot upfront, in this case).
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We ended up paying for the acquisition fee upfront in part because Kia leases come with GAP insurance included.
The final numbers are:
KIA Soul EX
36 month / 10k/year lease
MSRP: $24,385
Money Factor: 0.00184
Initial Cap Cost: $20,865
Cap Cost Reduction: $1,866.25 (includes $1,260 lease rebate)
Adjusted Cap Cost: $19,648.75
Residual Value (58%): $14,085.30
Base Monthly Payment: $216.61
Use Tax: $22.20 (tax rate of 10.25%)
Total Monthly Payment: $238.81
Drive off: $1,478.06 (includes $650 acquisition fee)
Thanks for the report.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1760 lease cash
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EX, 19064
10/36 (or 10/30)
thanks!
.00184 and 58%
$1260 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
GT-Line 2.0 - .00184 and 57%; $1260 lease cash
X-Line - .00184 and 56%; $1660 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1430 lease cash
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$700 lease cash
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Lease term and miles per year?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
LX IVT - .00185 and 57%; $2290 lease cash
S - .00186 and 58%; $2090
X-Line - .00186 and 57%; $2090
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Zip is 62269 and lease term would be 36mo / 12k
GT-Line Turbo - .00174 and 54%; $2030 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
LX manual. 36 month/12000 miles in 14221
Any discounts or lease cash?
$2590 lease cash
Look here for help with pricing:
https://www.edmunds.com/new-cars/
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Is the 2590.00 replacing that or in addition?
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Retail Price: 19,015.00
Sales Price: 18,701.00
Savings: 314.00
Accessories:* 299.00 (remote starter)
Service Contract: 0.00
Government Fees: 80.00
Proc/Doc Fees: 87.50
Capitalized Taxes: 1,104.30
Security Deposit: 0.00
Acquisition Fee: 650.00
Gross Cap Cost: 20,921.81
Rebate: 2,590.00
Cash Down: 279.00
Net Cap Cost: 18,331.50
12000 miles/ 36 month $279.00 month
seems high to me.I had the tax rolled in (8.75%). Only pay 1st month, plates and registration
where should I be?
Just not a great lease program on the LX trim, it seems.
And, the dealer discount does seem kind of puny.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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$2710 lease cash
61%/59% residual
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Soul GT Turbo - 24/12, Zip Code 32827
Thank you!
$2210 lease cash
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Dealer said lease cash is currently good through 7/6. Kia site seems to confirm lease cash offer also. Once again, thanks.
2020
.00202 MF and 59% residual
$3710 lease cash
I don't see the bonus cash, but I wouldn't turn it down..
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Thanks in advance