I've put my lease quote into a calculator and my dealer is using a MF higher than what's given for my area. For instance .00365 vs .0041 (7.8% vs 10%).
Is he allowed to set whatever MF he wants? What is the source of the info on this forum?
Yes, they can markup the money factor for extra profit. Or, you don't qualify for top tier. Or, your calculations are incorrect.
Our numbers come from HMF.
I wouldn't suppose any of the above, but we can check your numbers, if you post them here.
I've put my lease quote into a calculator and my dealer is using a MF higher than what's given for my area. For instance .00365 vs .0041 (7.8% vs 10%).
Is he allowed to set whatever MF he wants? What is the source of the info on this forum?
Yes, they can markup the money factor for extra profit. Or, you don't qualify for top tier. Or, your calculations are incorrect.
Our numbers come from HMF.
I wouldn't suppose any of the above, but we can check your numbers, if you post them here.
Net Cap Cost: $42,557.08 (Note: I've asked them why this is different by $900 than Gross Cap Cost - rebate - cash down and have not received a satisfactory answer yet. By my calculations it should be 41,587.50.)
I've put my lease quote into a calculator and my dealer is using a MF higher than what's given for my area. For instance .00365 vs .0041 (7.8% vs 10%).
Is he allowed to set whatever MF he wants? What is the source of the info on this forum?
Yes, they can markup the money factor for extra profit. Or, you don't qualify for top tier. Or, your calculations are incorrect.
Our numbers come from HMF.
I wouldn't suppose any of the above, but we can check your numbers, if you post them here.
Net Cap Cost: $42,557.08 (Note: I've asked them why this is different by $900 than Gross Cap Cost - rebate - cash down and have not received a satisfactory answer yet. By my calculations it should be 41,587.50.)
If the total amount Due at signing is $5000, then that can't all be CAP reduction, as the first payment is paid upfront, and that comes out of the $5000. The upfront tax (that's on the rebate and your CAP reduction) comes out of the $5K, as well. The NET CAP seems just about right.
If I back out the monthly tax from your first payment, that leaves a pre-tax payment of $675.77 (approx).
Using MSRP and adjusted CAP as given, 52% residual, .00365 MF, the calculated payment = $674.77 +tax.
That is within $1 of their payment. I'd say they are right on the money. Hope this helps.
I've put my lease quote into a calculator and my dealer is using a MF higher than what's given for my area. For instance .00365 vs .0041 (7.8% vs 10%).
Is he allowed to set whatever MF he wants? What is the source of the info on this forum?
Yes, they can markup the money factor for extra profit. Or, you don't qualify for top tier. Or, your calculations are incorrect.
Our numbers come from HMF.
I wouldn't suppose any of the above, but we can check your numbers, if you post them here.
Net Cap Cost: $42,557.08 (Note: I've asked them why this is different by $900 than Gross Cap Cost - rebate - cash down and have not received a satisfactory answer yet. By my calculations it should be 41,587.50.)
If the total amount Due at signing is $5000, then that can't all be CAP reduction, as the first payment is paid upfront, and that comes out of the $5000. The upfront tax (that's on the rebate and your CAP reduction) comes out of the $5K, as well. The NET CAP seems just about right.
If I back out the monthly tax from your first payment, that leaves a pre-tax payment of $675.77 (approx).
Using MSRP and adjusted CAP as given, 52% residual, .00365 MF, the calculated payment = $674.77 +tax.
That is within $1 of their payment. I'd say they are right on the money. Hope this helps.
Thanks a lot. This is super helpful.
I'd mistyped the MF above. The MF for my region/car (02478, AWD SEL) should be .00325, not .00365). So does it seem likely that the dealer is marking up the lease with a higher MF?
I've put my lease quote into a calculator and my dealer is using a MF higher than what's given for my area. For instance .00365 vs .0041 (7.8% vs 10%).
Is he allowed to set whatever MF he wants? What is the source of the info on this forum?
Yes, they can markup the money factor for extra profit. Or, you don't qualify for top tier. Or, your calculations are incorrect.
Our numbers come from HMF.
I wouldn't suppose any of the above, but we can check your numbers, if you post them here.
Net Cap Cost: $42,557.08 (Note: I've asked them why this is different by $900 than Gross Cap Cost - rebate - cash down and have not received a satisfactory answer yet. By my calculations it should be 41,587.50.)
If the total amount Due at signing is $5000, then that can't all be CAP reduction, as the first payment is paid upfront, and that comes out of the $5000. The upfront tax (that's on the rebate and your CAP reduction) comes out of the $5K, as well. The NET CAP seems just about right.
If I back out the monthly tax from your first payment, that leaves a pre-tax payment of $675.77 (approx).
Using MSRP and adjusted CAP as given, 52% residual, .00365 MF, the calculated payment = $674.77 +tax.
That is within $1 of their payment. I'd say they are right on the money. Hope this helps.
Thanks a lot. This is super helpful.
I'd mistyped the MF above. The MF for my region/car (02478, AWD SEL) should be .00325, not .00365). So does it seem likely that the dealer is marking up the lease with a higher MF?
Yes, and .00040 is the maximum markup allowed by HMF. This adds $28/mo + tax, or about $30/mo to the payment.
I've put my lease quote into a calculator and my dealer is using a MF higher than what's given for my area. For instance .00365 vs .0041 (7.8% vs 10%).
Is he allowed to set whatever MF he wants? What is the source of the info on this forum?
Yes, they can markup the money factor for extra profit. Or, you don't qualify for top tier. Or, your calculations are incorrect.
Our numbers come from HMF.
I wouldn't suppose any of the above, but we can check your numbers, if you post them here.
Net Cap Cost: $42,557.08 (Note: I've asked them why this is different by $900 than Gross Cap Cost - rebate - cash down and have not received a satisfactory answer yet. By my calculations it should be 41,587.50.)
If the total amount Due at signing is $5000, then that can't all be CAP reduction, as the first payment is paid upfront, and that comes out of the $5000. The upfront tax (that's on the rebate and your CAP reduction) comes out of the $5K, as well. The NET CAP seems just about right.
If I back out the monthly tax from your first payment, that leaves a pre-tax payment of $675.77 (approx).
Using MSRP and adjusted CAP as given, 52% residual, .00365 MF, the calculated payment = $674.77 +tax.
That is within $1 of their payment. I'd say they are right on the money. Hope this helps.
Thanks a lot. This is super helpful.
I'd mistyped the MF above. The MF for my region/car (02478, AWD SEL) should be .00325, not .00365). So does it seem likely that the dealer is marking up the lease with a higher MF?
Yes, and .00040 is the maximum markup allowed by HMF. This adds $28/mo + tax, or about $30/mo to the payment.
I've put my lease quote into a calculator and my dealer is using a MF higher than what's given for my area. For instance .00365 vs .0041 (7.8% vs 10%).
Is he allowed to set whatever MF he wants? What is the source of the info on this forum?
Yes, they can markup the money factor for extra profit. Or, you don't qualify for top tier. Or, your calculations are incorrect.
Our numbers come from HMF.
I wouldn't suppose any of the above, but we can check your numbers, if you post them here.
Net Cap Cost: $42,557.08 (Note: I've asked them why this is different by $900 than Gross Cap Cost - rebate - cash down and have not received a satisfactory answer yet. By my calculations it should be 41,587.50.)
If the total amount Due at signing is $5000, then that can't all be CAP reduction, as the first payment is paid upfront, and that comes out of the $5000. The upfront tax (that's on the rebate and your CAP reduction) comes out of the $5K, as well. The NET CAP seems just about right.
If I back out the monthly tax from your first payment, that leaves a pre-tax payment of $675.77 (approx).
Using MSRP and adjusted CAP as given, 52% residual, .00365 MF, the calculated payment = $674.77 +tax.
That is within $1 of their payment. I'd say they are right on the money. Hope this helps.
Thanks a lot. This is super helpful.
I'd mistyped the MF above. The MF for my region/car (02478, AWD SEL) should be .00325, not .00365). So does it seem likely that the dealer is marking up the lease with a higher MF?
Yes, and .00040 is the maximum markup allowed by HMF. This adds $28/mo + tax, or about $30/mo to the payment.
Perfect. This all add up. Thanks for the info.
If you're negotiating and they don't want to drop the markup, a $1000 discount will achieve the same purpose. F&I would rather cut into the salesperson commission, rather than give up their spread.
May I please get numbers (MF, Residual, Lease Cash for:
2023 IONIQ 5 Limited AWD 36/12 Zip: 32827
Waiting for the dealer to confirm arrival date as the vehicle is in-transit & I’m trying to figure out cost to lease & buyout immediately. Since I am in Florida & the buyout has to be done through a dealer & not directly through HMFA, I am assuming extra dealer fees are going to eat into the $7,500…Also worried the buyout is through a dealer that it is then considered a used vehicle & that has warranty implications.
May I please get numbers (MF, Residual, Lease Cash for:
2023 IONIQ 5 Limited AWD 36/12 Zip: 32827
Waiting for the dealer to confirm arrival date as the vehicle is in-transit & I’m trying to figure out cost to lease & buyout immediately. Since I am in Florida & the buyout has to be done through a dealer & not directly through HMFA, I am assuming extra dealer fees are going to eat into the $7,500…Also worried the buyout is through a dealer that it is then considered a used vehicle & that has warranty implications.
Can you please provide MF and RV for an Ioniq 5 SEL AWD? 24/36 months 10k miles Location: 98036
Thank you!
24/12: .00366 MF and 63% residual 36/10: .00326 MF and 52% residual
$7500 lease cash
Thank you. I read that this information comes from HMF, right? Should I consider those numbers as a starting point for negotiation with the dealership? Or are those numbers the best I will get?
Can you please provide MF and RV for an Ioniq 5 SEL AWD? 24/36 months 10k miles Location: 98036
Thank you!
24/12: .00366 MF and 63% residual 36/10: .00326 MF and 52% residual
$7500 lease cash
Thank you. I read that this information comes from HMF, right? Should I consider those numbers as a starting point for negotiation with the dealership? Or are those numbers the best I will get?
Thanks
The residual is fixed by the bank, and cannot be adjusted.
The MF is for top tier credit; the dealer can mark it up, but it cannot be negotiated lower.
Comments
Or, your calculations are incorrect.
Our numbers come from HMF.
I wouldn't suppose any of the above, but we can check your numbers, if you post them here.
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MSRP: 52820
Gov't Fee: 122.5
Doc Fee: 495
Acq Fee: 600
Gross Gap Cost: $54087.50
Trade: 0
Rebate 7500
Cash down: 5000
Net Cap Cost: $42,557.08 (Note: I've asked them why this is different by $900 than Gross Cap Cost - rebate - cash down and have not received a satisfactory answer yet. By my calculations it should be 41,587.50.)
RV is $27466
This results in:
Payment: $718
Upfront taxes @ 6.25%: $251.90
Amount due: $5000
If I back out the monthly tax from your first payment, that leaves a pre-tax payment of $675.77 (approx).
Using MSRP and adjusted CAP as given, 52% residual, .00365 MF, the calculated payment = $674.77 +tax.
That is within $1 of their payment. I'd say they are right on the money.
Hope this helps.
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I'd mistyped the MF above. The MF for my region/car (02478, AWD SEL) should be .00325, not .00365). So does it seem likely that the dealer is marking up the lease with a higher MF?
This adds $28/mo + tax, or about $30/mo to the payment.
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Hello! I’d like to know the RV and MF for a 2023 Ionic 5 SEL RWD trim in 34219 zip code? 36 months for 10k/12k/15k miles. Thanks!
.00338 MF and 50% RV
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Ioniq 5 limited, 36/15, 90402 please
Thanks!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2023 ioniq5 limited awd
24/36/48 months - 15k miles
21228
Thank you.
.00321 MF and 48% residual
.00341 MF and 41% residual
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hi,
Can you please provide the lease details for below -
Kona EV
SE - 24/36 months -12K miles
Limited - 24/36 months - 12K miles
Ioniq 5
SEL AWD - 24/36/48 months -12K miles
Limited AWD - 24/36/48 months - 12K miles
Location: 08854
Thanks
Ioniq 5
Limited
.00321 and 63%
.00321 and 50%
.00341 and 43%
SEL
.00366 and 63%
.00326 and 51%
.00386 and 43%
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2023 IONIQ 5 SE
IONIQ 5 SEL
zip 92123
24/12
36/12
(if you say both, you drop to the bottom of the response queue)
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36/12
SE - .00367 and 53%
SEL - .00338 and 52%
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hi,
Can you please provide the lease details for below -
Ioniq 5
SE AWD - 24/36 months -10K/12K miles
SE RWD - 24/36 months -10K/12K miles
Location: 08854
Thanks
24/12 - .00386 MF and 65% residual
36/12 - .00367 MF and 53% residual
SE AWD
.00334 MF and 63% residual
.00335 MF and 51% residual
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Wanted to confirm - 36/12K MF (.00335) is higher than 24/12K (0.334) or is it a typo?
Wanted to confirm - 36/12K MF (.00335) is higher than 24/12K (0.334) or is it a typo?
Thanks
Wanted to confirm - 36/12K MF (.00335) is higher than 24/12K (0.334) or is it a typo?
Thanks
The numbers are correct as given.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hi, could you please provide the lease details for SEL AWD - 24/36 months, 10K miles, location: 98177
Thanks
36/10: .00326 MF and 52% residual
$7500 lease cash
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Thanks! Could you confirm the first set of terms are for 24/10 (vs. 24/12)? Or is 24/10 just not a valid option
Thanks! Could you confirm the first set of terms are for 24/10 (vs. 24/12)? Or is 24/10 just not a valid option
10K allowance not available on the 24 month term.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
SEL AWD - 24/36 months -12K miles
Location: 98109
36/12: .00326 MF and 51% residual
$7500 lease cash
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May I please get numbers (MF, Residual, Lease Cash for:
2023 IONIQ 5 Limited AWD 36/12 Zip: 32827
Waiting for the dealer to confirm arrival date as the vehicle is in-transit & I’m trying to figure out cost to lease & buyout immediately. Since I am in Florida & the buyout has to be done through a dealer & not directly through HMFA, I am assuming extra dealer fees are going to eat into the $7,500…Also worried the buyout is through a dealer that it is then considered a used vehicle & that has warranty implications.
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can you please provide MF/RV on Ioniq 5 SEL and Limited, 36/12, 75209?
Thank you!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
LTD AWD - .00321 and 50%
SEL RWD - .00338 and 52%
SEL AWD - .00326 and 51%
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can you please provide MF and RV for an Ioniq 5 SEL AWD? 24/36 months 10k miles
Location: 98036
Thank you!
36/10: .00326 MF and 52% residual
$7500 lease cash
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Thanks
The MF is for top tier credit; the dealer can mark it up, but it cannot be negotiated lower.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MF/RV For Sel and Limited both RWD:
10k@24 months
10K@36months
Zip 97045
LTD - .00366 and 65%
SEL - .00386 and 65%
36/10
.00366 and 53%
.00338 and 53%
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hi!
Can you please provide MF/RV for SE RWD and SEL RWD in 91020?
24/10, 24/12 and 36/10, 36/12 please. Thank you!
24/12 - .00386 MF and 65% RV
36/12 - .00367 MF and 53% RV
SEL
.00386 MF and 65% RV
.00338 MF and 52% RV
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Looking for MF/RV for 2023 Ioniq 5 Limited AWD, 36/10 in 75013 please.
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Limited
77379
36/15
Thanks
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Awd
$7500 lease cash
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