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$250 lease cash
$360 incentive
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
1) confirm the MF for 94560?
2) let me know what the monthly payment should be based on selling price of $27608?
3) share whether you agree that $319/month is not a good price?
4) share whether the $300 fee (which I assume is a termination fee) should not be triggered here because my lease was ending 10/2?
2) 3) What is the amount Due at Signing?
4) No info on that. They did change banks from Chase to TFS. I don't think there is anything in a lease contract that requires the bank to waive the fee. It was always customary for returning customers. But, that's all up to Mazda and the bank. The dealer has no control over it..
The residual is 58%
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Touring 36 months /12k zip 11356
$250 lease cash
$500 incentive on Touring only
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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For some reason, they didn't include the full contract printout in the delivery packet, so I don't have all the details handy. But I'll provide my best guess at the component values where possible.
MSRP $33,260
36 months, 12k per year
$0 down
$750 loyalty + $750 lease-to-lease loyalty + $250 lease cash
First month's payment waived, so true $0 due at signing
$650 acquisition and $337 gov't fees rolled in
Not including sales tax, I owe 35 monthly payments of $330 ($350 including reduced TX tax)
I believe the residual was 57%, and so if they did give me 0.00001 MF through Toyota Lease Trust (it was marked up in previous worksheets they gave me, but I didn't see the last one), then I think that implies a sale price before incentives of around $31,610, or a dealer discount of $1650. I don't know that precisely until I get a copy of the contract from them.
On the 2017 CX-5 lease that was ending, they gave me a trade allowance of $1,000 over my final lease balance, which was at the upper end of the range of other offers I received (Carvana was a bit more). Of importance, I accepted that equity as cash. This allowed me to get the tax advantages of the trade-in, but without reducing the cap cost as an effective down payment. Incidentally, that arrangement created a huge headache in the Finance office, but they got it straightened out eventually.
All in all, I feel pretty good about the deal. We got a new car with more safety/tech features than the one we traded (MSRP on this one is $3425 higher), and we've got the exact same monthly payment as before, plus $1,000 cash in my pocket. Worth noting that the previous lease was 33/15k, while this one is 36/12k (and first month waived).
The information here regarding actual residual, money factor, and incentives is always super helpful in preparing to negotiate a deal like this. I can go in knowing exactly what I want to see from the dealer, and I don't have to wonder if I'm leaving anything on the table, beyond just working the dealer contribution. Thanks again!
"So with Chicago taxes and the minimum down of 342 which is plates and doc fee you would be 542 a month. That’s at invoice pricing of 34 867. The residual is 58%."
Am I crazy for thinking that's an insanely high monthly? I'm trying to get a payment around $400/mo. and dealers don't seem to want to play ball on this vehicle, even with 2021s right around the corner.
Now, that doesn't mean it should add up to $542/mo. Can you get a copy of the lease worksheet for review?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks for the detailed report. Hopefully, it will help someone with their deal.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Inventory is getting thin, which gives dealers the advantage. Have you considered shopping out of the market? WI, IN, for example?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
No incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Attached a $0 down lease offer via a dealer's online system (CRUISE). $505/mo. still seems high given that the depreciation wouldn't be nearly that much. At $3000 down, the monthly drops to $404/mo. Are there fees I'm missing that can be negotiated to be removed?
No incentives
Using the MSRP and the "Purchase Price" given, $351/mo
You need to get the adjusted cap cost, with taxes and fees included. Hard pressed to believe it's $150/mo for those items.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Whats the MF/Residual/Incentives on CX-5 on both Touring with preferred package and Grand Touring for 36/12 for zip 94002?
Could you please provide for both FWD/AWD?
.00001 MF and 57% residual
$250 lease cash
For all
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Getting a MF of .00051 which seems high
.00001 and 57%
$250 lease cash
MF is marked up the max allowed.
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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
$250 lease cash
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Thanks in advance!
$610 lease cash
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Looking to confirm MF, RV for 2020 CX5 AWD Touring with the package with the auto trunk, etc. Zip 45236
36/10
I currently have a 2018 CX5
Zero down.
I have a lease sheet that is $316 including tax.
gross cap - 30854
rebate - 2176
net cap - 28677
Money Factor .00031
Term 36
Up Front Tax $152.34 need to put down
Residual 58% at 10,000
Miles Residual
Buyout $17,808.90
Acq Fee $650
Government Fee $60
Thanks
$250 lease cash
$360 incentive
$750 loyalty
$750 lease to lease loyalty
How much is due at signing for that quote?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
No incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Which is it?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What is the MSRP?
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That would knock $15/mo off the payment.
Seems like a decent deal, either way
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$500 lease cash
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GTR: .00028 MF and 57% residual
$360 lease cash
$750 loyalty
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No lease incentives
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