Hi, I'm looking for MF and residual for a 2015 LE AWD in MA, 36/12. Thanks!
69% and .00170
So...
My wife just leased this car, and they used a residual of 69%, but by my calculations the money factor was .0612 (gross capitalized cost = $32,158.81; residual = $22,446.00; rent charge= $3334.51), or 147% APR. Can that possibly be right (or legal)?
Hi, I'm looking for MF and residual for a 2015 LE AWD in MA, 36/12. Thanks!
69% and .00170
So...
My wife just leased this car, and they used a residual of 69%, but by my calculations the money factor was .0612 (gross capitalized cost = $32,158.81; residual = $22,446.00; rent charge= $3334.51), or 147% APR. Can that possibly be right (or legal)?
Your amount financed is not the difference between the CAP cost and residual, it's the average of the CAP cost and residual... (also, it's for three years, so don't forget to divide the $3334 by 3, if you are trying to estimate an APR)
You can lease a QX60 ($51225) MSRP for $515/month(7% NJ tax) 39,months 12k miles with only 1500 out of pocket in NYC - NJ area so why on earth would you pay the same for a Highlander?
You can lease a QX60 ($51225) MSRP for $515/month(7% NJ tax) 39,months 12k miles with only 1500 out of pocket in NYC - NJ area so why on earth would you pay the same for a Highlander?
Ok. I'm totally new here. Looking at highlander XLE in NJ. MSRP 40000. Trading in minivan for blue book trade in value of 7800. Lease term of 36/12. MF of .0017 and residual of 68%. Working these numbers I am getting a depreciation payment of $140 + $101 from the MF plus NJ 7% sales tax for a total monthly payment of $258? Is that correct? Seems pretty low to me or is it because I am putting almost $8k down?
Ok. I'm totally new here. Looking at highlander XLE in NJ. MSRP 40000. Trading in minivan for blue book trade in value of 7800. Lease term of 36/12. MF of .0017 and residual of 68%. Working these numbers I am getting a depreciation payment of $140 + $101 from the MF plus NJ 7% sales tax for a total monthly payment of $258? Is that correct? Seems pretty low to me or is it because I am putting almost $8k down?
Yeah, the $8000 down is knocking off over $200/mo.
We do not recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money. Instead, have the dealer cut you a check for the trade equity and use that money to help with your monthly payment.
I recently made a deal which has not been completed on a 2015 Highhlander LE Plus. 3000 down at 309 a month before taxes. The msrp is 35,800. The residual value is 24000 which seems high to me. It is a 36 month 12k per year lease. When I asked about high residual value for purchase the sales manager stated toyota charges 2700 dollars finance or interest charge. From what I can see other makes don't do this on a lease. I live in Pennsylvania. This puts cost if I purchase the vehicle at well over 38000 I am more concerned about not having any equity moving into another lease or paying so much over sticker at term end if I decided to purchase. Is toyota known for charging this extra fee, or maybe because they know it would sell anyways so that fee covers less money coming in initially due to lease special?
I recently made a deal which has not been completed on a 2015 Highhlander LE Plus. 3000 down at 309 a month before taxes. The msrp is 35,800. The residual value is 24000 which seems high to me. It is a 36 month 12k per year lease. When I asked about high residual value for purchase the sales manager stated toyota charges 2700 dollars finance or interest charge. From what I can see other makes don't do this on a lease. I live in Pennsylvania. This puts cost if I purchase the vehicle at well over 38000 I am more concerned about not having any equity moving into another lease or paying so much over sticker at term end if I decided to purchase. Is toyota known for charging this extra fee, or maybe because they know it would sell anyways so that fee covers less money coming in initially due to lease special?
The MF on the Highlander is quite high - .00170, or just over 4%. The residual on the LE Plus is either 66% (FWD) or 67% (AWD) - also pretty high.
We do not recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money.
Leases are not structured for you to have equity in them at the end; you pay for what you use during the lease term - no more, no less.
HI, looking at Highlander LE Plus in NY (Long Island). Told of high demand, low inventory. Quoted possible $425/month for 36/12k, $0 cap cost reduction. Decent? Did not get the "sales price"/MF/residual yet, going back tomorrow for more info. Can you give e current residual/MF numbers?
HI, looking at Highlander LE Plus in NY (Long Island). Told of high demand, low inventory. Quoted possible $425/month for 36/12k, $0 cap cost reduction. Decent? Did not get the "sales price"/MF/residual yet, going back tomorrow for more info. Can you give e current residual/MF numbers?
So we are looking at a trade lease deal. Trade value is $4k, leasing Highlander XLE AWD on a 24mo lease, 12k miles, at $243/mo tax included. $37,074 discounted price. We live in Indiana. What should I know regarding MF and residual when looking at this deal? Other than payment difference, is there an advantage of 24 vs. 36mo at the end of the lease? Thanks!
So we are looking at a trade lease deal. Trade value is $4k, leasing Highlander XLE AWD on a 24mo lease, 12k miles, at $243/mo tax included. $37,074 discounted price. We live in Indiana. What should I know regarding MF and residual when looking at this deal? Other than payment difference, is there an advantage of 24 vs. 36mo at the end of the lease? Thanks!
.00170 MF and 77% for 24/12. 68% for 36/12.
We do not recommend using trade equity as a down payment - if the car is stolen or totaled, you lose that money.
You'd have to run the numbers on 24 v. 36 months - no difference that I'm aware of at lease end.
So we are looking at a trade lease deal. Trade value is $4k, leasing Highlander XLE AWD on a 24mo lease, 12k miles, at $243/mo tax included. $37,074 discounted price. We live in Indiana. What should I know regarding MF and residual when looking at this deal? Other than payment difference, is there an advantage of 24 vs. 36mo at the end of the lease? Thanks!
.00170 MF and 77% for 24/12. 68% for 36/12.
We do not recommend using trade equity as a down payment - if the car is stolen or totaled, you lose that money.
You'd have to run the numbers on 24 v. 36 months - no difference that I'm aware of at lease end.
Thanks, so do I want to make sure they are using this MF and residual that you post? I am new to this MF and residual lease component.
So we are looking at a trade lease deal. Trade value is $4k, leasing Highlander XLE AWD on a 24mo lease, 12k miles, at $243/mo tax included. $37,074 discounted price. We live in Indiana. What should I know regarding MF and residual when looking at this deal? Other than payment difference, is there an advantage of 24 vs. 36mo at the end of the lease? Thanks!
.00170 MF and 77% for 24/12. 68% for 36/12.
We do not recommend using trade equity as a down payment - if the car is stolen or totaled, you lose that money.
You'd have to run the numbers on 24 v. 36 months - no difference that I'm aware of at lease end.
Thanks, so do I want to make sure they are using this MF and residual that you post? I am new to this MF and residual lease component.
Residual is set by the bank and cannot be altered; MF can be marked up by the dealer. Tell them you won't sign a deal with a marked up MF.
Looking at LE Plus. 36mo/12k lease. Went to 3 LI dealers. First one quoted $425/mo, assuming tier 1+ credit, before taxes, but had to be the one in stock, going fast. Didn't care for the Ash interior, too light a color with kids, coffee, etc. Second dealer, none in stock, we'll locate one or order your color from the factory. $0 down, taxes included, Can't go lower than $429 again assuming tier 1+. third dealer, one in stock, 6 coming in(not all LE Plus) tomorrow (Saturday). Best price $434 again assuming 1+. I know we're not 1+, but let's see. 2 or 3 sold before we even made the deal! Took a black/black LE Plus, with $1297 worth of factory options (Roof crossbars, cargo cover, body molding, door edge guards, and rear bumper plate - chrome), bumped to tier 1, at $454/mo. Love the car, any thoughts?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
My wife just leased this car, and they used a residual of 69%, but by my calculations the money factor was .0612 (gross capitalized cost = $32,158.81; residual = $22,446.00; rent charge= $3334.51), or 147% APR. Can that possibly be right (or legal)?
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MSRP $32,530.00
agreed value $31,508.81
ccr -$119.00
acquisition fee $650.00
gross capitalized cost $32,039.81
Residual (%) 0.69
Residual ($) $22,445.70
dep & amort $9,594.11
money factor 0.0017
APR (%) 4.08
Rent $92.63
total base $9,686.74
Lease term 36
base monthly $269.08
tax $16.82
total monthly $285.89
But on my wife's lease, the Rent is $3334, leading to a monthly of $100 more. Everything else is the same.
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Thanks
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Preference for Toyota?
Lots of reasons why folks choose the cars they do .. and some of them may have nothing to do with price.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Limited - 63%
Limited Platinum - 61%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks
24/15 residual - 70%
36/15 residual - 61%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
LE Plus - 67%
XLE - 68%
Limited - 65%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00170 MF for the Highlander
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We do not recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money. Instead, have the dealer cut you a check for the trade equity and use that money to help with your monthly payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00170 and 74% for 24/15 and 65% for 36/15. Add 2% for 12K.
Using your MSRP and selling price, I calculate a pre-tax payment of $389/mo for 24 months or $385/mo for 36 months - both are with 15K miles per year.
Be advised that Texas assesses sales tax against the entire selling price of the vehicle.
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We do not recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money.
Leases are not structured for you to have equity in them at the end; you pay for what you use during the lease term - no more, no less.
What is the selling price?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Quoted possible $425/month for 36/12k, $0 cap cost reduction. Decent? Did not get the "sales price"/MF/residual yet, going back tomorrow for more info.
Can you give e current residual/MF numbers?
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We do not recommend using trade equity as a down payment - if the car is stolen or totaled, you lose that money.
You'd have to run the numbers on 24 v. 36 months - no difference that I'm aware of at lease end.
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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
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 / 2024 Kia Sportage Hybrid SX Prestige
2 or 3 sold before we even made the deal! Took a black/black LE Plus, with $1297 worth of factory options (Roof crossbars, cargo cover, body molding, door edge guards, and rear bumper plate - chrome), bumped to tier 1, at $454/mo. Love the car, any thoughts?