Is this a good deal. Tahoe LTZ 66150 MSRP. In NJ 39/12K mile lease. Selling price 61700, MF 2.45 and residual of 58. $700 per month including tax and fee's (MV, doc, NJ extra tax) with $3K down.
Is this a good deal. Tahoe LTZ 66150 MSRP. In NJ 39/12K mile lease. Selling price 61700, MF 2.45 and residual of 58. $700 per month including tax and fee's (MV, doc, NJ extra tax) with $3K down.
My calculations with your numbers show $700.35/mo before tax, so your quote looks pretty good if it includes tax.
However, we don't recommend you put any money down on a lease - do you know how much of the $3,000 up front is used for cap cost reduction?
Is this a good deal. Tahoe LTZ 66150 MSRP. In NJ 39/12K mile lease. Selling price 61700, MF 2.45 and residual of 58. $700 per month including tax and fee's (MV, doc, NJ extra tax) with $3K down.
My calculations with your numbers show $700.35/mo before tax, so your quote looks pretty good if it includes tax.
However, we don't recommend you put any money down on a lease - do you know how much of the $3,000 up front is used for cap cost reduction?
About 1500 is going to cap reduction. the remaining portion is first month and other fee's. Number includes tax but I'm also getting a $500 competitive rebate.
Is this a good deal. Tahoe LTZ 66150 MSRP. In NJ 39/12K mile lease. Selling price 61700, MF 2.45 and residual of 58. $700 per month including tax and fee's (MV, doc, NJ extra tax) with $3K down.
My calculations with your numbers show $700.35/mo before tax, so your quote looks pretty good if it includes tax.
However, we don't recommend you put any money down on a lease - do you know how much of the $3,000 up front is used for cap cost reduction?
About 1500 is going to cap reduction. the remaining portion is first month and other fee's. Number includes tax but I'm also getting a $500 competitive rebate.
Does anyone have the revised residual and lease rates for October for Tahoe LTZ 39/12 and 39/15. Also is Chevy offering any new incentives on the car? I know costco members can get supplier pricing plus a rebate.
2015 Tahoe LT 4x4 with luxury package, sunroof, 20 inch wheel and navigation. 39 month 12,000 miles/year, $3377 out of pocket from a trade in. $600 a month tax included. Good Deal?
2015 Tahoe LT 4x4 with luxury package, sunroof, 20 inch wheel and navigation. 39 month 12,000 miles/year, $3377 out of pocket from a trade in. good Deal?
What is the MSRP, selling price and lease payment?
Hi kyfdx, I am looking at a 2015 4x4 LTZ with an MSRP of 67,000, with a sell price of 62,000. $3330 due at signing (1st month, taxes, fees) and payment of $745/month for 39 month/15,000 miles. Is this a good deal or worth waiting until December to see new deals? Thanks for the feedback...
Hi kyfdx, I am looking at a 2015 4x4 LTZ with an MSRP of 67,000, with a sell price of 62,000. $3330 due at signing (1st month, taxes, fees) and payment of $745/month for 39 month/15,000 miles. Is this a good deal or worth waiting until December to see new deals? Thanks for the feedback...
2.50% APR and 58% or 56% residual
Assuming all additional costs are in your upfront money, I get a payment of about $699/mo.+tax.. ($731/mo. with lower residual) So, if you are happy with the selling price, then the math looks to be good, assuming tax is still to be added.
No idea about December, but there isn't anything that can really get worse, as far as the lease deal.. .wouldn't hurt to wait. Or, leverage the last few days of this month to try to work a better deal.
Hi guys. My Dad's getting "the itch" and is ready for Tahoe #3. He's thinking of leasing this time around. Can you give me the mf & RV for a 2015 4WD Tahoe LT for 36 months/20K miles per year. If you don't have the 20K, then I'll take 15K & do the math. In NY. Thanks!
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
Hi guys. My Dad's getting "the itch" and is ready for Tahoe #3. He's thinking of leasing this time around. Can you give me the mf & RV for a 2015 4WD Tahoe LT for 36 months/20K miles per year. If you don't have the 20K, then I'll take 15K & do the math. In NY. Thanks!
2.50% APR and either 60% or 58% residual, depending on the trim line, for 36mo, 15K/yr. (no.. don't know which number the LT qualifies for).
So.. I'm looking at an LT 4x4 for 36/12k so the terms should be 2.50% and 60% RV. Am I correct the destination fee of $1195 is included as part of the MSRP, while the acquisition fee of $795 is added to the negotiated price of the car (resulting in the net capitalized cost)?
So.. I'm looking at an LT 4x4 for 36/12k so the terms should be 2.50% and 60% RV. Am I correct the destination fee of $1195 is included as part of the MSRP, while the acquisition fee of $795 is added to the negotiated price of the car (resulting in the net capitalized cost)?
Yes - 2.50% and 60%
Yes, destination is part of MSRP
Yes acquisition fee is added to the price, if not paid up front
Is this deal good? 2015 Tahoe LT, Luxury package, 4wd. MSRP $60,835. Lease amount $600 includes tax, 39 months. 58% residual and .00098 money factor. $3341.73 total down from trade.
Is this deal good? 2015 Tahoe LT, Luxury package, 4wd. MSRP $60,835. Lease amount $600 includes tax, 39 months. 58% residual and .00098 money factor. $3341.73 total down from trade.
We would need to know the selling price. Also, how much of the $3300 trade equity was used as cap cost reduction?
$57,609.18 was the "agreed" selling price according to the lease paperwork. Says $58,566.56 to the right of that though . $3341.74 was used as cap cost reduction.
What would you use then as a cap cost reduction? The $58,566.56 is the Gross Cap Cost. I got a quote of $600/ month tax included, 39 months ,12k miles. Residual is 58% and MF is 2.352% (.00098).
What would you use then as a cap cost reduction? The $58,566.56 is the Gross Cap Cost. I got a quote of $600/ month tax included, 39 months ,12k miles. Residual is 58% and MF is 2.352% (.00098).
The only up front money should be for the first payment, fees and tags.
Yeah, I know. Too many moving parts. So then his number looks right then? $735 per month plus the $129 added in for negative equity plus tax equals $930.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
My Dad currently owes about $5,000 more than his 2011 Tahoe LTZ is worth. He's going to have to roll that $5K into his 39 month lease which equates to an additional $129 per month or so. It is one of the downfalls of the 0% for 72 month financing he took back when he bought the truck in 2012.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
Yeah, I know. Too many moving parts. So then his number looks right then? $735 per month plus the $129 added in for negative equity plus tax equals $930.
OK, so I got you guys some more information that should be helpful for you helping me:
2015 4WD Chevrolet Tahoe LT
MSRP: $62,045 Selling Price: $54,131 Negative Equity: $5,029.69 39 Months Residual Value: 56% Money Factor: .00148 (I think he's inflating this) Additional Miles: 20K per year for 39 months @ $.20 each over 15K per year Right now he's got me at $930 per month Can you guys give me a solid number to go back to him with tomorrow?
Thanks!
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
OK, so I got you guys some more information that should be helpful for you helping me:
2015 4WD Chevrolet Tahoe LT
MSRP: $62,045 Selling Price: $54,131 Negative Equity: $5,029.69 39 Months Residual Value: 56% Money Factor: .00148 (I think he's inflating this) Additional Miles: 20K per year for 39 months @ $.20 each over 15K per year Right now he's got me at $930 per month Can you guys give me a solid number to go back to him with tomorrow?
Thanks!
If the extra mileage charge is added to the CAP cost, I get $853/mo.+tax. If the extra mileage charge is used to reduce the residual, I get $843/mo.+tax.
If they are using an actual MF instead of an APR, they are probably going through a different bank than Ally, and I can't verify it (though, the residual is the same). The 2.50% APR from Ally roughly equals .0011
I would think the added 16,250 miles would be added into the cap cost. I'm pretty sure the bank is Ally. So if its $853 per month plus $71.44 tax is $924.44. He's at $930 right now. Not too far off.
You used the 2.5% APR or the .00148 (3.55%) I'm being quoted?
Looks like I'm going to shoot for plan B. I'm going to have Dad's '11 professionally detailed on the inside, bring it up for them to see & hopefully get some more trade money out of them so there's less negative equity and get them to give me the base 2.5% APR.
Thanks as always!
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
Comments
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However, we don't recommend you put any money down on a lease - do you know how much of the $3,000 up front is used for cap cost reduction?
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2.50% APR and 62% residual w/1LS. 60% residual w/o 1LS
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The residual is the value they place on the vehicle at lease end. It's a percentage of the MSRP.
To convert the APR to an approximate money factor, divide by 2400. The money factor is set by the bank that is renting you the vehicle.
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But, in general, $600/mo with tax for a $60K car is not a bad deal.
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2.50% APR and 58% or 56% residual
Assuming all additional costs are in your upfront money, I get a payment of about $699/mo.+tax.. ($731/mo. with lower residual) So, if you are happy with the selling price, then the math looks to be good, assuming tax is still to be added.
No idea about December, but there isn't anything that can really get worse, as far as the lease deal.. .wouldn't hurt to wait. Or, leverage the last few days of this month to try to work a better deal.
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MF and Residuals @ 10K miles:
24 mo = xx%
33 mo = xx%
36 mo = xx%
-x% for 12k miles?
Thanks!
Sorry... no Chevy numbers, yet... hopefully soon.
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24 mo = 67%, 1.78% APR
36 mo = 61%, 2.50% APR
-1% for 12k miles?
Don't have any info on 33 month programs.
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2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
2.50% APR and either 60% or 58% residual, depending on the trim line, for 36mo, 15K/yr.
(no.. don't know which number the LT qualifies for).
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2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
Yes, destination is part of MSRP
Yes acquisition fee is added to the price, if not paid up front
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2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
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MSRP: $62,045
Selling Price: $54,131
Negative Equity: $5,029
39 Months - 20K per year lease - 8.375% Sales Tax Rate
Payment: $930 per month including tax
Can you plug this into your magical leasing calculators and let me know your thoughts! Thank-you!
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
But, I see around $735/mo. + tax, but I may be underestimating the residual hit for 20K/yr.
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2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
No... I already added in the negative equity..
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2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
2015 4WD Chevrolet Tahoe LT
MSRP: $62,045
Selling Price: $54,131
Negative Equity: $5,029.69
39 Months
Residual Value: 56%
Money Factor: .00148 (I think he's inflating this)
Additional Miles: 20K per year for 39 months @ $.20 each over 15K per year
Right now he's got me at $930 per month
Can you guys give me a solid number to go back to him with tomorrow?
Thanks!
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
If the extra mileage charge is added to the CAP cost, I get $853/mo.+tax.
If the extra mileage charge is used to reduce the residual, I get $843/mo.+tax.
If they are using an actual MF instead of an APR, they are probably going through a different bank than Ally, and I can't verify it (though, the residual is the same).
The 2.50% APR from Ally roughly equals .0011
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You used the 2.5% APR or the .00148 (3.55%) I'm being quoted?
Looks like I'm going to shoot for plan B. I'm going to have Dad's '11 professionally detailed on the inside, bring it up for them to see & hopefully get some more trade money out of them so there's less negative equity and get them to give me the base 2.5% APR.
Thanks as always!
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD