2021 Stelvio lease- how bad are these numbers?

woolverenwoolveren Member Posts: 3
edited April 11 in Alfa Romeo
I'm new to the lease market, trying to sign up for a 2021 Stelvio Ti with pretty much all options except HK music system.

MSRP: $53,440
Sales Price:$47,550
Gross Cap:$48,299
Term:24 Months/ 10k miles
Security Deposit: None
Cash Down:$4500
Upfront Tax:$265

Monthly Payment: $445 for 24 months.

I don’t know what the money factor is, but would like to know how good are these numbers.

Appreciate any comments or suggestions! Thanks!

Comments

  • kyfdxkyfdx Moderator Posts: 187,926
    woolveren said:

    I'm new to the lease market, trying to sign up for a 2021 Stelvio Ti with pretty much all options except HK music system.

    MSRP: $53,440
    Sales Price:$47,550
    Gross Cap:$48,299
    Term:24 Months/ 10k miles
    Security Deposit: None
    Cash Down:$4500
    Upfront Tax:$265

    Monthly Payment: $445 for 24 months.

    I don’t know what the money factor is, but would like to know how good are these numbers.

    Appreciate any comments or suggestions! Thanks!

    What is your location?

    Putting large amounts upfront will make a shorter term lease seem cheaper, but since you have fewer months over which to amortize that big upfront amount, the actual monthly cost is probably higher.

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  • woolverenwoolveren Member Posts: 3


    What is your location?

    Putting large amounts upfront will make a shorter term lease seem cheaper, but since you have fewer months over which to amortize that big upfront amount, the actual monthly cost is probably higher.


    Location is 41042.

    With down payment of $0, the monthly cost they gave is $615 for 24 months.

    Thanks!
  • kyfdxkyfdx Moderator Posts: 187,926
    woolveren said:

    What is your location?

    Putting large amounts upfront will make a shorter term lease seem cheaper, but since you have fewer months over which to amortize that big upfront amount, the actual monthly cost is probably higher.


    Location is 41042.

    With down payment of $0, the monthly cost they gave is $615 for 24 months.

    Thanks!
    24/10: .00020 MF and 62% residual
    36/10: .00037 MF and 52% residual

    $1000 incentive

    Is it $4500 due at signing?
    Or, $4500 down, + 1st payment + upfront tax, etc, etc?
    What is the actual amount Due at Signing?

    Seems like an average deal..

    Edmunds Lease Calculator
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    Edmunds Moderator

  • woolverenwoolveren Member Posts: 3
    Yes, its 4500 due at signing including 1st month lease amount and insurance.

    I have also confirmed today that the monthly payment of $445 includes Tax and GAP insurance.
  • kyfdxkyfdx Moderator Posts: 187,926
    woolveren said:

    Yes, its 4500 due at signing including 1st month lease amount and insurance.

    I have also confirmed today that the monthly payment of $445 includes Tax and GAP insurance.

    The $0 down option would be around $586/mo for 36 mo.

    Again... Seems average.

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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