Good day. I’m missing something. I don’t understand how they get to this $542.52 monthly payment number for this lease. Can you provide the math/formula I need to use?
Good day. I’m missing something. I don’t understand how they get to this $542.52 monthly payment number for this lease. Can you provide the math/formula I need to use?
Good day. I’m missing something. I don’t understand how they get to this $542.52 monthly payment number for this lease. Can you provide the math/formula I need to use?
The money factor is .00247
Is this in GA?
Not sure why you are even entertaining this quote, as it appears they are charging $2700 over MSRP?
This was just posted on their site, not an offer I received. It was the only instance where they showed a breakdown of the lease payment. I was trying to make sure i knew how the payment was calculated. Yes, I followed the steps on that link and the closest I could get was $499.63 after I added 7% GA sales tax ($466.95 monthly before tax). Any idea how they got to $542.52 monthly payment?
This was just posted on their site, not an offer I received. It was the only instance where they showed a breakdown of the lease payment. I was trying to make sure i knew how the payment was calculated. Yes, I followed the steps on that link and the closest I could get was $499.63 after I added 7% GA sales tax ($466.95 monthly before tax). Any idea how they got to $542.52 monthly payment?
The sales tax in this example is paid upfront. The $2000 isn't enough to cover all the upfront charges, so $450 is added to the CAP cost.
I get $502/mo, but I notice there is no allowance for the acquisition fee, so that would have to be added to the CAP cost, as well. That gets me to about $522/mo. The adjusted CAP cost isn't disclosed, so it's all a guess. It's possible the MF is marked up, as well.
Hey guys, thanks for the help. I ended up leasing the K5 gt-line trim w/ premium package. 36/12
Sticker price was 33.5k. Website price was 29,850. Dealer had additional fees and packages for an advantage program which gave protections to the car, cash back for a new car if totaled/stolen, and things like that (I'm not sure if this is the new market adjustment but all dealers had something similar.
All said and done- Gross Cap Cost = 29,500.00 and with items over totaled at $31,473.40. I put 3k down and my monthly payment is $441.05. I calculated $417 for monthly payment but I see they have gross sales tax / use in there at $26.92 which brought it up from my calculation.
Overall the deal was painless and they took me serious with the info I had. There was not much haggling and they were quick to give me an out the door price.
I don't know if I could have done better. This was my first time buying/leasing a new car. The high interest/MF really brings the payment but they dont control that. I got the exact residual/MF you posted.
Let me know what you think. They told me I got a good deal. Do you think I could have got lower in my area or is getting it at MSRP good for the current market. Overall, very happy with the car. It's beautiful and if we went with a less popular car maybe we could have negotiated more but very happy with our choice.
Hey guys, thanks for the help. I ended up leasing the K5 gt-line trim w/ premium package. 36/12
Sticker price was 33.5k. Website price was 29,850. Dealer had additional fees and packages for an advantage program which gave protections to the car, cash back for a new car if totaled/stolen, and things like that (I'm not sure if this is the new market adjustment but all dealers had something similar.
All said and done- Gross Cap Cost = 31,473.40. I put 3k down and my monthly payment is $441.05. I calculated $417 for monthly payment but I see they have gross sales tax / use in there at $26.92 which brought it up from my calculation.
Overall the deal was painless and they took me serious with the info I had. There was not much haggling and they were quick to give me an out the door price.
I don't know if I could have done better. This was my first time buying/leasing a new car. The high interest/MF really brings the payment but they dont control that. I got the exact residual/MF you posted.
Let me know what you think. They told me I got a good deal. Do you think I could have got lower in my area or is getting it at MSRP good for the current market. Overall, very happy with the car. It's beautiful and if we went with a less popular car maybe we could have negotiated more but very happy with our choice.
Comments
Hi, can I please get RV and MF for a 24 K5 GT? 36/15k, zip 85297. Thanks!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can i please know the RV, MF, and any incentives for 2024 K5 GT-Line AWD & EX in 90046?
(36/10&12k)
Thank you!
GTL - .00243 MF and 63% RV
EX - .00244 MF and 63% RV
No lease incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Good day. I’m missing something. I don’t understand how they get to this $542.52 monthly payment number for this lease. Can you provide the math/formula I need to use?
The money factor is .00247
The money factor is .00247
Is this in GA?
Not sure why you are even entertaining this quote, as it appears they are charging $2700 over MSRP?
Here is the tutorial on the formula:
https://forums.edmunds.com/discussion/12602/general/x/how-to-calculate-monthly-lease-payments/p1
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This was just posted on their site, not an offer I received. It was the only instance where they showed a breakdown of the lease payment. I was trying to make sure i knew how the payment was calculated. Yes, I followed the steps on that link and the closest I could get was $499.63 after I added 7% GA sales tax ($466.95 monthly before tax). Any idea how they got to $542.52 monthly payment?
This was just posted on their site, not an offer I received. It was the only instance where they showed a breakdown of the lease payment. I was trying to make sure i knew how the payment was calculated. Yes, I followed the steps on that link and the closest I could get was $499.63 after I added 7% GA sales tax ($466.95 monthly before tax). Any idea how they got to $542.52 monthly payment?
The sales tax in this example is paid upfront. The $2000 isn't enough to cover all the upfront charges, so $450 is added to the CAP cost.
I get $502/mo, but I notice there is no allowance for the acquisition fee, so that would have to be added to the CAP cost, as well. That gets me to about $522/mo. The adjusted CAP cost isn't disclosed, so it's all a guess. It's possible the MF is marked up, as well.
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One last question (I think lol)…what is the RV and MF for a 2024 K5 GT Line FWD for a 24/12 lease?
AWD - .00243 MF and 63% RV
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$150 lease cash
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Would you please provide me with the RV, MF, and any incentives for a 2024 K5 GT-Line FWD & EX in 85730?
(36/10k and 36/12k)
EX - .00244 MF and 63% RV
GTL - .00247 MF and 64% RV
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
thank you!
$200 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00248 and 63%; $200 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
FWD - .00247 MF and 64% RV
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00244 MF and 63% residual
Link to make/model search page
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FWD: .00247 MF and 65% residual
No lease incentives
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No lease incentives
The EX is FWD only
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Hello, Can I get the MF & RV of a ‘24 K5 GT @ 06712 for these options
Thank you,
GTL: .00247 MF and 65% residual
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.00247 MF and 62% residual
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LXS - .00248 MF and 63% residual; $200 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Sticker price was 33.5k. Website price was 29,850. Dealer had additional fees and packages for an advantage program which gave protections to the car, cash back for a new car if totaled/stolen, and things like that (I'm not sure if this is the new market adjustment but all dealers had something similar.
All said and done- Gross Cap Cost = 29,500.00 and with items over totaled at $31,473.40. I put 3k down and my monthly payment is $441.05. I calculated $417 for monthly payment but I see they have gross sales tax / use in there at $26.92 which brought it up from my calculation.
Overall the deal was painless and they took me serious with the info I had. There was not much haggling and they were quick to give me an out the door price.
I don't know if I could have done better. This was my first time buying/leasing a new car. The high interest/MF really brings the payment but they dont control that. I got the exact residual/MF you posted.
Let me know what you think. They told me I got a good deal. Do you think I could have got lower in my area or is getting it at MSRP good for the current market. Overall, very happy with the car. It's beautiful and if we went with a less popular car maybe we could have negotiated more but very happy with our choice.
Thanks again!
Thanks for the report
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.00247 MF and 62% RV
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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
Hello, can I get an RV and MF for a 2024 K5 GT-Line AWD 24/12 zip 49684
Go Chippewas!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you very much! Fire Up!
Can I please get MF AND RV for a K5 2024 Gt-line FWD zip code 10310 thank you !
.00247 MF and 62% residual
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2024 Kia K5 GT-Line AWD 36 months, 12,000 miles/yr for Zipcode 10301
Any incentives?
Thank you!
No lease incentives
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks!
.00247 MF and 62% residual
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Did you get a good deal? Be sure to come back and share!
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