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2016 Subaru WRX Lease Questions

MichaellMichaell Moderator Posts: 240,063
edited July 2015 in Subaru
Ask your 2016 WRX lease questions here!

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Comments

  • mikedefranmikedefran Member Posts: 86
    2016 STi base MF/RES for 36/10k 36/12k in PA 19083

    Thanks
  • MichaellMichaell Moderator Posts: 240,063

    2016 STi base MF/RES for 36/10k 36/12k in PA 19083

    Thanks

    .00225 and 67%/68%

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  • jjohnson085jjohnson085 Member Posts: 53
    Hi,

    Are these MF's the lowest base MF or could they be lower based on credit score? Asking since they seem kind of high compared to other manufactures.

    thanks!
  • MichaellMichaell Moderator Posts: 240,063

    Hi,

    Are these MF's the lowest base MF or could they be lower based on credit score? Asking since they seem kind of high compared to other manufactures.

    thanks!

    I quote the base MF for top tier credit. Cannot get any lower than that.

    Yep, the WRX and STi have insanely high MF at the moment - popular car + limited availability = high MF from the bank.

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  • jjohnson085jjohnson085 Member Posts: 53
    Do you what is MF and residual for 6sp Limited with Nav? 12k/36

    thanks!
  • kyfdxkyfdx Moderator Posts: 235,188

    Do you what is MF and residual for 6sp Limited with Nav? 12k/36

    thanks!

    .00209 MF and 65% residual

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  • platopodplatopod Member Posts: 18
    24/12 and 24/10k residuals please!
  • MichaellMichaell Moderator Posts: 240,063
    platopod said:
    24/12 and 24/10k residuals please!
    Trim level? Stick or CVT?

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  • eightyeightmpheightyeightmph Member Posts: 3
    I am wondering what the current residual and MF. is for a 2016 WRX Limited CVT w/eyesight 36/10k and 36/12k? I'm in CA. I plan on paying drive off fee's only. Any idea what I should look out for in regards to fees? Thanks!
  • MichaellMichaell Moderator Posts: 240,063

    I am wondering what the current residual and MF. is for a 2016 WRX Limited CVT w/eyesight 36/10k and 36/12k? I'm in CA. I plan on paying drive off fee's only. Any idea what I should look out for in regards to fees? Thanks!

    36/12 on the Limited is 64% and .00190. Add 1% for 10K

    Bank fee, dealer fee, first payment and license or tag costs are all due up front.

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  • bfritts3bfritts3 Member Posts: 2
    Could I please get MF and Residual on a 2016 base 6m 36/10k and 24/10k. im located in Oklahoma 73505 if that factors in.
  • MichaellMichaell Moderator Posts: 240,063
    bfritts3 said:

    Could I please get MF and Residual on a 2016 base 6m 36/10k and 24/10k. im located in Oklahoma 73505 if that factors in.

    24/10 - 76% and .00240

    36/10 - 71% and .00231

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  • bfritts3bfritts3 Member Posts: 2
    thank you
  • locnlocn Member Posts: 1
    Sorry could I please get MF/residual on a 2016 wrx limited cvt w/ nav also is it a good deal if they offered me 479/mo zero down for 39months/15k miles?? Any help would be great!
  • MichaellMichaell Moderator Posts: 240,063
    locn said:
    Sorry could I please get MF/residual on a 2016 wrx limited cvt w/ nav also is it a good deal if they offered me 479/mo zero down for 39months/15k miles?? Any help would be great!
    59% and .00172 for 39/15. 

    Would need the MSRP and selling price to model a payment

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  • ockevinockevin Member Posts: 5
    I am considering a lease on a 2016 WRX limited. MSRP is $35,100 and got a price of $32,000. Dealer is offering $434.06/mo for 36/12 . There is drive off of $866.21 ( first month plus fees) I am in CA 90620. Is this a good deal ? He did not give me the MF or Res
  • kyfdxkyfdx Moderator Posts: 235,188
    ockevin said:

    I am considering a lease on a 2016 WRX limited. MSRP is $35,100 and got a price of $32,000. Dealer is offering $434.06/mo for 36/12 . There is drive off of $866.21 ( first month plus fees) I am in CA 90620. Is this a good deal ? He did not give me the MF or Res

    Is it a stick or CVT?

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  • ockevinockevin Member Posts: 5
    stick
  • kyfdxkyfdx Moderator Posts: 235,188
    ockevin said:

    I am considering a lease on a 2016 WRX limited. MSRP is $35,100 and got a price of $32,000. Dealer is offering $434.06/mo for 36/12 . There is drive off of $866.21 ( first month plus fees) I am in CA 90620. Is this a good deal ? He did not give me the MF or Res

    ockevin said:

    stick

    .00209 MF and 65% residual.

    Adding $595 acquisition fee to the price, I get a payment of $387/mo.+tax.
    Even 9% tax only brings you up to $422/mo.

    Looks like they are putting an extra $500 in that deal, somewhere... at least.

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  • ockevinockevin Member Posts: 5
    edited July 2015
    Could you explain how you come up with the total , so I can educate myself to lower the payment when I talk to the dealer. When I use the Edmunds lease calculator, it comes up real high.

    Thank you for your time,

    Kevin
  • kyfdxkyfdx Moderator Posts: 235,188
    ockevin said:

    Could you explain how you come up with the total , so I can educate myself to lower the payment when I talk to the dealer. When I use the Edmunds lease calculator, it comes up real high.

    Thank you for your time,

    Kevin

    I just plug the numbers in the formula and do the calculations (well, I have the formula in a spreadsheet, but it works just as well with pen and paper)

    See this post for the formula:
    http://forums.edmunds.com/discussion/12602/general/x/how-to-calculate-monthly-lease-payments/p1

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  • ghva226ghva226 Member Posts: 11
    edited July 2015
    Hi guys, this is a great space. Thank you for devoting time to this.
    I need some guidance. Looking to lease a

    2016 Subaru WRX STI Sedan Limited w/Lip Spoiler, 6-speed manual
    Sti Short Throw Shifter Package
    Sti Performance Exhaust
    MSRP: $42,599
    True Car/Zag: $40,552 (with dealer fees/delivery)

    36 months
    10,000 a year
    Zip: 07932
    State Taxes: 7%
    Total money out of pocket (no additional for title, registration or etc): $3,000

    How much should I expect to pay a month? What are the residual and the Money Factor for my area on the STI limited so that I can calculate the monthly payment myself should the MSRP change?

    Thank you SO MUCH.
  • kyfdxkyfdx Moderator Posts: 235,188
    ghva226 said:

    Hi guys, this is a great space. Thank you for devoting time to this.
    I need some guidance. Looking to lease a

    2016 Subaru WRX STI Sedan Limited w/Lip Spoiler, 6-speed manual
    Sti Short Throw Shifter Package
    Sti Performance Exhaust
    MSRP: $42,599
    True Car/Zag: $40,552 (with dealer fees/delivery)

    36 months
    10,000 a year
    Zip: 07932
    State Taxes: 7%
    Total money out of pocket (no additional for title, registration or etc): $3,000

    How much should I expect to pay a month? What are the residual and the Money Factor for my area on the STI limited so that I can calculate the monthly payment myself should the MSRP change?

    Thank you SO MUCH.

    .00225 MF and 68% residual.

    That's $478/mo., if you pay first payment, all taxes, fees and costs upfront... (probably around $2500 in NJ).

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  • towelgarytowelgary Member Posts: 3
    Got an offer on a 2016 base WRX (july's numbers, no sales tax)
    36 month @ 15K per year with $755.00 down (first payment plus DMV)
    MSRP $27,985.00
    Cap Cost (price) $26,473.00
    Money factor 0.00231
    Lease end value $19,029.00
    $329.77 per month
    Does this seem right? MF and residual look accurate to me but I want to be sure.
  • kyfdxkyfdx Moderator Posts: 235,188
    towelgary said:

    Got an offer on a 2016 base WRX (july's numbers, no sales tax)

    36 month @ 15K per year with $755.00 down (first payment plus DMV)
    MSRP $27,985.00
    Cap Cost (price) $26,473.00
    Money factor 0.00231
    Lease end value $19,029.00
    $329.77 per month
    Does this seem right? MF and residual look accurate to me but I want to be sure.

    I get $311/mo.+tax. I would assume that the CAP cost doesn't include the $595 acquisition fee. Add that in, and it's right on the money.

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  • towelgarytowelgary Member Posts: 3
    Thanks!
  • jfrancisnyjfrancisny Member Posts: 10
    Hello. Looking at a 2016 WRX Limited w/CVT. Can you give me the MF and Residual on a 36/12?
  • MichaellMichaell Moderator Posts: 240,063

    Hello. Looking at a 2016 WRX Limited w/CVT. Can you give me the MF and Residual on a 36/12?

    64% and .00190

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  • towelgarytowelgary Member Posts: 3
    When do the new lease figures typically come out? First of the month?
  • MichaellMichaell Moderator Posts: 240,063
    towelgary said:

    When do the new lease figures typically come out? First of the month?

    The current Subaru numbers expire on 8/3/15 ... the new numbers will be available at the dealer the next day, but it sometimes takes us an extra day or two for us to get them.

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  • arthur26arthur26 Member Posts: 7
    edited July 2015
    Hi all,
    i would like to know MF and residual for WRX 2016 premium, manual transmission. 10k/36. For brooklyn and staten island NY.

    thank you
  • MichaellMichaell Moderator Posts: 240,063
    arthur26 said:

    Hi all,
    i would like to know MF and residual for WRX 2016 premium, manual transmission. 10k/36. For brooklyn and staten island NY.

    thank you

    66% and .00209

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  • arthur26arthur26 Member Posts: 7
    Michaell said:
    Hi all,
    i would like to know MF and residual for WRX 2016 premium, manual transmission. 10k/36. For brooklyn and staten island NY.

    thank you
    66% and .00209
    Thank you
  • arthur26arthur26 Member Posts: 7
    edited July 2015
    Michaell said:
    Hi all,
    i would like to know MF and residual for WRX 2016 premium, manual transmission. 10k/36. For brooklyn and staten island NY.

    thank you
    66% and .00209
    Dealership offered to me $377.59 a month for 2016 premium, 6M, 36/10k, MSRP 28,895. capitalized cost 30,104.
    $2,450 due at signing ( taxes, bank fees, DMV fees, title fees, first payment)
     Is that a good deal?

    thank you
  • kyfdxkyfdx Moderator Posts: 235,188
    arthur26 said:


    Michaell said:

    Hi all,
    i would like to know MF and residual for WRX 2016 premium, manual transmission. 10k/36. For brooklyn and staten island NY.

    thank you
    66% and .00209

    Dealership offered to me $377.59 a month for 2016 premium, 6M, 36/10k, MSRP 28,895. capitalized cost 30,104.
    $2,450 due at signing ( taxes, bank fees, DMV fees, title fees, first payment)
     Is that a good deal?

    thank you

    Why is the CAP cost more than the MSRP, if you have $2450 due at signing? Shouldn't that amount be enough to cover all taxes, registration, acq.fee and 1st payment?

    Doesn't look like a good deal, from here.

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  • arthur26arthur26 Member Posts: 7
    kyfdx said:
    Michaell said:
    Hi all,
    i would like to know MF and residual for WRX 2016 premium, manual transmission. 10k/36. For brooklyn and staten island NY.

    thank you
    66% and .00209
    Dealership offered to me $377.59 a month for 2016 premium, 6M, 36/10k, MSRP 28,895. capitalized cost 30,104.
    $2,450 due at signing ( taxes, bank fees, DMV fees, title fees, first payment)
     Is that a good deal?

    thank you
    Why is the CAP cost more than the MSRP, if you have $2450 due at signing? Shouldn't that amount be enough to cover all taxes, registration, acq.fee and 1st payment? Doesn't look like a good deal, from here.
    I was actually wrong about CAP cost. MSRP and CAP cost were pretty much the same.
     
    How does that look now?

    thank you
  • truman_rtruman_r Member Posts: 28
    @arthur26 I am running the deal through the Leasify iPhone app to get a Leasify Deal Score but need a little more information. What is your exact zip code? What other options are on the car? Can you break out the fees - acquisition, documentation, etc.?

    At first glance this doesn't look great. If your money factor is .00209 that translates to an APR of over 5%! This is pretty high for a lease deal.

    Because the 2016 WRX is in such high demand it is possible you will have to pay MSRP or close. For zip code 10301 it looks like the average selling price for the 6 MT with no options is $29,310. This is the Edmunds.com True Market Value (TMV). Try to stay below TMV, minimize fees, and bring the money factor down.

    MF will be sensitive to your credit score but .00209 seems very high. Check with competing dealers in your area to get multiple quotes. I always request multiple quotes to ensure I am getting the best deal and introduce competition between dealers into the process.
  • arthur26arthur26 Member Posts: 7
    edited July 2015
    truman_r said:
    @arthur26 I am running the deal through the Leasify iPhone app to get a Leasify Deal Score but need a little more information. What is your exact zip code? What other options are on the car? Can you break out the fees - acquisition, documentation, etc.? At first glance this doesn't look great. If your money factor is .00209 that translates to an APR of over 5%! This is pretty high for a lease deal. Because the 2016 WRX is in such high demand it is possible you will have to pay MSRP or close. For zip code 10301 it looks like the average selling price for the 6 MT with no options is $29,310. This is the Edmunds.com True Market Value (TMV). Try to stay below TMV, minimize fees, and bring the money factor down. MF will be sensitive to your credit score but .00209 seems very high. Check with competing dealers in your area to get multiple quotes. I always request multiple quotes to ensure I am getting the best deal and introduce competition between dealers into the process.
    2016 premium 6M, with short throw shifter only(additional). 36/10k $0 down payment $0 security deposit $2,459.30 due at signing( taxes, bank fees, DMV fees, title fee, 1st payment) 35 monthly payments of $377.59 This is all info i have for zip code 11229. I ask for quotes from 10301 but dealer said that they dont have prices out yet. Thank you.
  • truman_rtruman_r Member Posts: 28
    Thanks, do you have a breakdown of the fees?

    Also, did yo request quotes from Gregoris Motors Subaru and East Hills Subaru?

    I recommend getting a couple of quotes.
  • arthur26arthur26 Member Posts: 7
    truman_r said:
    Thanks, do you have a breakdown of the fees? Also, did yo request quotes from Gregoris Motors Subaru and East Hills Subaru? I recommend getting a couple of quotes.
    Unfortunately I don't have break down of the fees.

    i should request quotes from the other subaru dealers 
  • MichaellMichaell Moderator Posts: 240,063
    truman_r said:

    @arthur26 I am running the deal through the Leasify iPhone app to get a Leasify Deal Score but need a little more information. What is your exact zip code? What other options are on the car? Can you break out the fees - acquisition, documentation, etc.?

    At first glance this doesn't look great. If your money factor is .00209 that translates to an APR of over 5%! This is pretty high for a lease deal.

    Because the 2016 WRX is in such high demand it is possible you will have to pay MSRP or close. For zip code 10301 it looks like the average selling price for the 6 MT with no options is $29,310. This is the Edmunds.com True Market Value (TMV). Try to stay below TMV, minimize fees, and bring the money factor down.

    MF will be sensitive to your credit score but .00209 seems very high. Check with competing dealers in your area to get multiple quotes. I always request multiple quotes to ensure I am getting the best deal and introduce competition between dealers into the process.

    The base MF on the WRX is very high, as it's in high demand and Subaru knows it can get away with it. Can't go any lower; this is the base rate from Subaru Motors Finance.

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  • chispochispo Member Posts: 58
    edited July 2015
    Hello and thank you for your help on this forum.

    I'm planning on leasing a WRX 2016 CVT Limited with EyeSight. The agreed price is $33,760, i'm planning to only pay $1k to drive off. I would like 48 months at 15k miles, would you please give me an estimate monthly payment and MF so I have an idea what to expect when I go to the dealer? Thanks in advance. I forgot to mention that the sales tax is 6% Md.
  • MichaellMichaell Moderator Posts: 240,063
    chispo said:

    Hello and thank you for your help on this forum.

    I'm planning on leasing a WRX 2016 CVT Limited with EyeSight. The agreed price is $33,760, i'm planning to only pay $1k to drive off. I would like 48 months at 15k miles, would you please give me an estimate monthly payment and MF so I have an idea what to expect when I go to the dealer? Thanks in advance. I forgot to mention that the sales tax is 6% Md.

    55% and .00220 are the 48/15 lease numbers for the 2016 WRX Limited CVT.

    We would need to know the MSRP and net cap cost in order to model a payment. But, it will be expensive since MD taxes the entire selling price for a lease.

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  • chispochispo Member Posts: 58
    Michaell said:

    chispo said:

    Hello and thank you for your help on this forum.

    I'm planning on leasing a WRX 2016 CVT Limited with EyeSight. The agreed price is $33,760, i'm planning to only pay $1k to drive off. I would like 48 months at 15k miles, would you please give me an estimate monthly payment and MF so I have an idea what to expect when I go to the dealer? Thanks in advance. I forgot to mention that the sales tax is 6% Md.

    55% and .00220 are the 48/15 lease numbers for the 2016 WRX Limited CVT.

    We would need to know the MSRP and net cap cost in order to model a payment. But, it will be expensive since MD taxes the entire selling price for a lease.
    Sorry about that, the MSRP is 36,745 and the net cap would be like 32,500. Hope this helps. Again, thanks in advance.
  • MichaellMichaell Moderator Posts: 240,063
    chispo said:

    Michaell said:

    chispo said:

    Hello and thank you for your help on this forum.

    I'm planning on leasing a WRX 2016 CVT Limited with EyeSight. The agreed price is $33,760, i'm planning to only pay $1k to drive off. I would like 48 months at 15k miles, would you please give me an estimate monthly payment and MF so I have an idea what to expect when I go to the dealer? Thanks in advance. I forgot to mention that the sales tax is 6% Md.

    55% and .00220 are the 48/15 lease numbers for the 2016 WRX Limited CVT.

    We would need to know the MSRP and net cap cost in order to model a payment. But, it will be expensive since MD taxes the entire selling price for a lease.
    Sorry about that, the MSRP is 36,745 and the net cap would be like 32,500. Hope this helps. Again, thanks in advance.
    I get $372/mo with those numbers. Are you paying the taxes up front? What about the other start up costs - bank fee, dealer fee, first payment, etc.?

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  • chispochispo Member Posts: 58
    Michaell said:
    Hello and thank you for your help on this forum. I'm planning on leasing a WRX 2016 CVT Limited with EyeSight. The agreed price is $33,760, i'm planning to only pay $1k to drive off. I would like 48 months at 15k miles, would you please give me an estimate monthly payment and MF so I have an idea what to expect when I go to the dealer? Thanks in advance. I forgot to mention that the sales tax is 6% Md.
    55% and .00220 are the 48/15 lease numbers for the 2016 WRX Limited CVT. We would need to know the MSRP and net cap cost in order to model a payment. But, it will be expensive since MD taxes the entire selling price for a lease.
    Sorry about that, the MSRP is 36,745 and the net cap would be like 32,500. Hope this helps. Again, thanks in advance.
    I get $372/mo with those numbers. Are you paying the taxes up front? What about the other start up costs - bank fee, dealer fee, first payment, etc.?
    Well, I'm hoping to cover all those fees along with the 1st payment with the 1k I would like to put down. Does that makes sense? 
  • MichaellMichaell Moderator Posts: 240,063
    chispo said:


    Michaell said:

    chispo said:

    Michaell said:

    chispo said:

    Hello and thank you for your help on this forum.

    I'm planning on leasing a WRX 2016 CVT Limited with EyeSight. The agreed price is $33,760, i'm planning to only pay $1k to drive off. I would like 48 months at 15k miles, would you please give me an estimate monthly payment and MF so I have an idea what to expect when I go to the dealer? Thanks in advance. I forgot to mention that the sales tax is 6% Md.

    55% and .00220 are the 48/15 lease numbers for the 2016 WRX Limited CVT.

    We would need to know the MSRP and net cap cost in order to model a payment. But, it will be expensive since MD taxes the entire selling price for a lease.
    Sorry about that, the MSRP is 36,745 and the net cap would be like 32,500. Hope this helps. Again, thanks in advance.
    I get $372/mo with those numbers. Are you paying the taxes up front? What about the other start up costs - bank fee, dealer fee, first payment, etc.?

    Well, I'm hoping to cover all those fees along with the 1st payment with the 1k I would like to put down. Does that makes sense? 

    I understand your intent, but $1K won't be nearly enough. If the selling price is the $32,500 you mentioned above, the sales tax alone at 6% will be almost $2000. First payment, bank fee, dealer fee and tags or license will be another $1500 or so (just a guess).

    The alternative is to add them to your cap cost and increase your monthly payment. Every $1000 you add will increase your payment about $21/mo.

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  • nooyouuunooyouuu Member Posts: 4
    First off, thanks for providing specifics Michaell.

    What would be the residual and MF for a 2016 WRX Premium 6MT for 36/10k in 60202 (Evanston, IL)?
    Does residual and MF vary from ZIP to ZIP?

    I'll probably hop on and ask again mid-august when new rates are expected to come, if you don't mind.
  • kyfdxkyfdx Moderator Posts: 235,188
    nooyouuu said:

    First off, thanks for providing specifics Michaell.

    What would be the residual and MF for a 2016 WRX Premium 6MT for 36/10k in 60202 (Evanston, IL)?
    Does residual and MF vary from ZIP to ZIP?

    I'll probably hop on and ask again mid-august when new rates are expected to come, if you don't mind.

    .00224 MF and 68% residual. SMF numbers are national.

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  • chispochispo Member Posts: 58
    Michaell said:

    chispo said:


    Michaell said:

    chispo said:

    Michaell said:

    chispo said:

    Hello and thank you for your help on this forum.

    I'm planning on leasing a WRX 2016 CVT Limited with EyeSight. The agreed price is $33,760, i'm planning to only pay $1k to drive off. I would like 48 months at 15k miles, would you please give me an estimate monthly payment and MF so I have an idea what to expect when I go to the dealer? Thanks in advance. I forgot to mention that the sales tax is 6% Md.

    55% and .00220 are the 48/15 lease numbers for the 2016 WRX Limited CVT.

    We would need to know the MSRP and net cap cost in order to model a payment. But, it will be expensive since MD taxes the entire selling price for a lease.
    Sorry about that, the MSRP is 36,745 and the net cap would be like 32,500. Hope this helps. Again, thanks in advance.
    I get $372/mo with those numbers. Are you paying the taxes up front? What about the other start up costs - bank fee, dealer fee, first payment, etc.?

    Well, I'm hoping to cover all those fees along with the 1st payment with the 1k I would like to put down. Does that makes sense? 
    I understand your intent, but $1K won't be nearly enough. If the selling price is the $32,500 you mentioned above, the sales tax alone at 6% will be almost $2000. First payment, bank fee, dealer fee and tags or license will be another $1500 or so (just a guess).

    The alternative is to add them to your cap cost and increase your monthly payment. Every $1000 you add will increase your payment about $21/mo.

    Thank you for the info, it's much appreciate it.
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