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Leasing IS 250 Help needed
Hi,
Does anyone know how I can keep myself from getting cheated when leasing a car? I am looking at a Lexus IS 250 AWD with NAV and Luxury package. The MSRP is 45, 895. I feel like on my last lease I got cheated so I am hoping to get a decent deal when I turn in the IS I leased in 2012. Any ideas on what I can do to get a fair price?
Additional info. I plan to ask for either 12K or 15K miles per year. I am in Illinois.
Thanks
Does anyone know how I can keep myself from getting cheated when leasing a car? I am looking at a Lexus IS 250 AWD with NAV and Luxury package. The MSRP is 45, 895. I feel like on my last lease I got cheated so I am hoping to get a decent deal when I turn in the IS I leased in 2012. Any ideas on what I can do to get a fair price?
Additional info. I plan to ask for either 12K or 15K miles per year. I am in Illinois.
Thanks
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The current 36 month numbers for the IS250 are 62% for 15,000 miles per year and 64% for 12,000 miles. MF is .00050.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Here is the offer they gave me, is it a good deal?
MSRP 46,150
MF 0.00060
10k MILES
Residual 65%
36 Month lease
Actual selling price 42,500
Tax 6.25
They told me monthly payment is 499.20. Is this a good deal? I see that your residual is 62%.
Thank you!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I am also checking other dealers and one told me yeah you're going to take those and try to calculate it from online it never comes out right. I said well I'd like it to be close.
To calculate a lease properly you need:
1. MSRP
2. Net capitalized cost - selling price + taxes & fees - lease cash or down payment
3. Money Factor
4. Residual
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Msrp 46150
sell price 44540
residual 64%
mf 0.00050
36 month
i think 12k miles
aquistion 700.00
rebate 500 used as down payment
7.25 sales tax
she also said the last 3 payments of my car are included. 541 x 3
monthly payment. 498.02. Plus I have to pay doc fee lic reg etc out of pocket. 168.43 plus 145.00
no down payment out of pocket. Just that rebate.
What at do you think? Not sure why I'm getting different residuals and mf these dealers are all in il.
Also, the trade in may be obscuring the numbers. If this is a leased vehicle, call and get a payoff value. Then, head over to the "real world trade in values" discussion here and figure out what your car is worth. There might be more equity than the dealer is letting on ... paying off the last 3 payments may not be in your best interest.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
MSRP 46150
Residual 65%
MF 0.00050
Term 36 months
Selling price: 42,500
Rebate: 500.00
ACQ/Fees: 994.43
TOT Trade info 1609.00 (Supposed to be 3 car payments I have left)
Total cap reduction: 1109.00
Adjusted Cap Cost: 45,700.01
10K miles
On lexus I saw a finance APR of 0.9 for financing. I wonder if they are trying to cheat me again.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
If you know the MSRP and net capitalized cost it's pretty easy to model the payment using the MF and residual value.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Edmunds Price Checker
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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 / 2014 MINI Countryman S ALL4