Deal Check: Leasing 2020 Discovery HSE Luxury
Cwh1120
Member Posts: 2
Working on deal for a lease on a 2020 LR Discover HSE Luxury. Is this a good deal? Any info would be much appreciated! Based in Los Angeles.
MSRP: $67,200 / Selling Price: $61,230.
36 month / 10K miles
.00079 MF
Res: 56%
$2543.25 Drive Off / No money down towards CC Reduction
Monthly Payment of $808.79
MSRP: $67,200 / Selling Price: $61,230.
36 month / 10K miles
.00079 MF
Res: 56%
$2543.25 Drive Off / No money down towards CC Reduction
Monthly Payment of $808.79
0
Answers
Ask the dealer which bank they are using for this quote - our numbers come from LR Financial (aka Chase).
Also, what is in the drive off number, specifically?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Tax On Credit: $8.71
DMV Fees: $707
CA Tire Tax: $8.75
Electronic Filing Fee: $30
Advance Payment: $808.79
Bank Doc Fee: $895
Doc Processing Fee: $85
HSE Lux gas
36/10
.00046 MF and 58% residual
It doesn't make any sense that the residuals don't match up, as the dealer can't adjust those.
I'm going to surmise that this isn't an HSE Lux model, but an HSE (no Lux).
Those numbers are .00039 MF and 56% residual
So, the residuals would match, and the money factor markup is a round number (.00040).
If sales tax rate is 11%, then it just about matches the payment quoted.
That money factor markup is adding about $44/mo. to the payment.
1) Make sure you know what you are buying. I don't think this is an HSE Lux trim
2) Ask for the adjusted CAP cost, and see if it differs from the selling price. If it does, ask why.
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