Thanks for the info, I'll post a detailed breakdown of the deal I negotiate on here after I buy, it might take about a week or two, if I decide to lease. I've posted detailed posts about my previous leases here too. I'm in SoCal so I'm trying to see which one is the best deal out of the 10 in my area.
Can you give me residual and m.f. for i3 Range extender? Thanks.
I got the following from the local BMW dealer, the finance guy was busy but he did not come back with a quote for no money down.
MSRP: 48200 Sale Price: 43845 Residual for 30 months: 58% MSD: 7 x $350 = 2450 m.f. = 0.00129 He mentioned down of $4995 whick $2450 was security deposit, I think he mis-spoken, looks like $2545 down.
They are offering payment of 332.35 with tax totaled to 361.43.
Again, he just emailed the numbers but 7 MSD's should have brought down the money factor by a lot more, right? Also he mentioned the California state credit of $2500 is only good for leases 30 months or longer.
Can you give me residual and m.f. for i3 Range extender? Thanks.
I got the following from the local BMW dealer, the finance guy was busy but he did not come back with a quote for no money down.
MSRP: 48200 Sale Price: 43845 Residual for 30 months: 58% MSD: 7 x $350 = 2450 m.f. = 0.00129 He mentioned down of $4995 whick $2450 was security deposit, I think he mis-spoken, looks like $2545 down.
They are offering payment of 332.35 with tax totaled to 361.43.
Again, he just emailed the numbers but 7 MSD's should have brought down the money factor by a lot more, right? Also he mentioned the California state credit of $2500 is only good for leases 30 months or longer.
Any thoughts? Thanks in advance.
Jim
2015? .00130 and 58% for 30/10 on the i3 with REX.
Max of 7 MSD would bring the MF down to .00081
I'm not sure how they get a payment in the $300's, though, unless the sale price doesn't have the $7500 in lease cash applied to it. If I apply that to your sale price, and use the .00081 MF, the pre-tax payment I calculate is $331.72, so pretty close to your dealer quote.
It is a 2015 and thanks for the quick reply, the numbers make sense except I went to 2 dealerships and both quoted 7 MSD's with almost no change in money factor. I believed the M.F. for this month is 0.0013.
One dealership quoted 0.00129 and the other was 0.00121 and both of them said 7 MSD's were used. The sale price does have 7500 applied but there is a tax on that rebate for $663 and $499 DMV fees. How the money factor is un-changed puzzles me.
It is a 2015 and thanks for the quick reply, the numbers make sense except I went to 2 dealerships and both quoted 7 MSD's with almost no change in money factor. I believed the M.F. for this month is 0.0013.
One dealership quoted 0.00129 and the other was 0.00121 and both of them said 7 MSD's were used. The sale price does have 7500 applied but there is a tax on that rebate for $663 and $499 DMV fees. How the money factor is un-changed puzzles me.
Thanks again.
That's because they are marking up the money factor the maximum amount allowed, before giving you credit for MSDs.
Unfortunately, consumer rebates are taxable in most states.
I've been conversing with ThreeEyes on another forum that is always down lately.
He mentioned there that he leased in California, for $510 a month, zero down, for the i3 with a MSRP of $54045, 12k/36 months. 7 MSDs. Tax rate of 9%.
I think I broke the numbers, if anybody leased recently or knows and I missing anything.
MSRP: $54045 Negotiated Price: $49335 Lease Cash -$7500 off Team USA discount: -$1000 off Tax on the $8500 at 9%: $765 Reg fee, tire fee, doc fee, etc.: $567 Acq fee: $795 MSD: 0.00081 since 7MSDs 52% residual since 12k/36
about $510 a month.
Just an FYI for folks in CA, the breakdown I got from dealers on the $567 for misc fees: $24 Freight Fee $390 Registration $10 County Fee $29 Electronic Filing Fee $20 Smog Abatement Fee $80 Doc Fee $7 Tire Fee $7.20 tax on the Doc Fee at 9%.
Hi Michael, could you tell me if this is a good deal please, in LA?
2014 i3 REx MSRP $54,700 Selling price $47,825 Residual is 58% Money Factor .00130 10K Miles per year $1500 total due at signing $497 a month tax included @ 30 months
Hi Michael, could you tell me if this is a good deal please, in LA?
2014 i3 REx MSRP $54,700 Selling price $47,825 Residual is 58% Money Factor .00130 10K Miles per year $1500 total due at signing $497 a month tax included @ 30 months
With those numbers, I get $640/mo + tax. My guess is that the $7500 lease credit is deducted from the selling price, but other fees are being added in.
Get the dealer to disclose the net cap cost to you, and make sure you understand everything that went into that number.
Michael or Kdfx, Is there currently a two year lease special on the i3? If so, would you please provide residual (12k miles per year), MF, lease cash for 2015 i3 REX? I'm located in Missouri. Thank you in advance.
Michael or Kdfx, Is there currently a two year lease special on the i3? If so, would you please provide residual (12k miles per year), MF, lease cash for 2015 i3 REX? I'm located in Missouri. Thank you in advance.
Using your marked up MF of .00150 and subtracting the $7500 from the selling price, I get a payment of $331/mo.+tax. That is a $1000 discrepancy. I'm assuming that $1579 covers your first payment and acquisition fee, title/registration. If it doesn't, and the acquisition fee is added to the CAP cost, that could explain the difference.
You should ask for the CAP cost and the calculation on how they got there. That usually explains a lot, and that's where they can pad the payment.
Using your marked up MF of .00150 and subtracting the $7500 from the selling price, I get a payment of $331/mo.+tax. That is a $1000 discrepancy. I'm assuming that $1579 covers your first payment and acquisition fee, title/registration. If it doesn't, and the acquisition fee is added to the CAP cost, that could explain the difference.
You should ask for the CAP cost and the calculation on how they got there. That usually explains a lot, and that's where they can pad the payment.
MSDs would drop the payment by $30/mo. approx.
Thanks kyfdx!
What is the $1,000 option credit that you indicated? Is it possible that this is not included?
The $1,579 covers the first payment and following: 1st Month Payment 404.44 Fees & Insurance 511.00 Upfront Taxes 663.25 Total Inception Fees 1,578.69
I'm sorry for the obvious question, but could someone explain what an MSD is?
2013 Nissan Leaf leasee
MSD = Multiple Security Deposit. Each one, in the amount of the monthly payment rounded up to the next $50, lowers the MF by .00007. A maximum of 7 MSDs can be applied, lowering the MF by .00049. This reduces your monthly payment.
Best part - you get that MSD money back at the end of the lease.
Michaell or Kyfdx, What are the current incentives for a 2014 i3 REX? Is it still $5,375? Also, would you please provide the MF and RV for a 24 month/12K miles a year lease? Thank you!!!
Michaell or Kyfdx, What are the current incentives for a 2014 i3 REX? Is it still $5,375? Also, would you please provide the MF and RV for a 24 month/12K miles a year lease? Thank you!!!
I still show $500 buildout cash and $4875 of lease cash for the 2014 i3.
Right as I was ready to sign for a VW Golf we came across the BMW i3. A local dealer (SF Bay area) is offering the following deal but the numbers aren't adding up. I'd really appreciate help please.
Here's what he's quoting:
30 months/10,000 miles per year.
MSRP: $48,545 Selling price he quoted (I don't have it in writing): $43,410 plus $925 acquisition fee. 58% residual. .00170 Money Factor
$2,581.81 "Drive-Off." $397.92 for 29 months, including 8.75% tax.
I feel like there are additional fees he isn't telling me about because 58% of $48,545 is $28,156, so I should be paying for difference between $43,410 + $925 -$28,156, correct?
That is $16,079.
Minus the $7,500 federal credit that will be applied as cap reduction as signing, that leaves me with $8,579 plus taxes, DMV, Registration fees, etc.
The total cost I come up with based on the numbers he gave me is $14,121.49 ($2,581.81 drive off plus $397.92 for 29 months) includes taxes, DMV, Registration fees, etc.
Right as I was ready to sign for a VW Golf we came across the BMW i3. A local dealer (SF Bay area) is offering the following deal but the numbers aren't adding up. I'd really appreciate help please.
Here's what he's quoting:
30 months/10,000 miles per year.
MSRP: $48,545 Selling price he quoted (I don't have it in writing): $43,410 plus $925 acquisition fee. 58% residual. .00170 Money Factor
$2,581.81 "Drive-Off." $397.92 for 29 months, including 8.75% tax.
I feel like there are additional fees he isn't telling me about because 58% of $48,545 is $28,156, so I should be paying for difference between $43,410 + $925 -$28,156, correct?
That is $16,079.
Minus the $7,500 federal credit that will be applied as cap reduction as signing, that leaves me with $8,579 plus taxes, DMV, Registration fees, etc.
The total cost I come up with based on the numbers he gave me is $14,121.49 ($2,581.81 drive off plus $397.92 for 29 months) includes taxes, DMV, Registration fees, etc.
Any input is greatly appreciated. Thank you.
The 30 month, 10,000 mile lease numbers for the 2015 i3 are .00130 and 58%. There is a $1000 option credit along with the $7500 lease cash.
So, right off the bat, we can see that the dealer is marking up the MF for extra profit.
If I use the $43,410 selling price less the $7500 lease cash, the net cap cost becomes $35,910. Along with the MSRP, those numbers (and the base MF) give me a pre-tax payment of $341.75
CA taxes the monthly payment (I'll assume 9%), so the final payment comes out to $372.51.
The marked up MF is accounting for the $27/mo difference.
The 30 month, 10,000 mile lease numbers for the 2015 i3 are .00130 and 58%. There is a $1000 option credit along with the $7500 lease cash.
So, right off the bat, we can see that the dealer is marking up the MF for extra profit.
If I use the $43,410 selling price less the $7500 lease cash, the net cap cost becomes $35,910. Along with the MSRP, those numbers (and the base MF) give me a pre-tax payment of $341.75
CA taxes the monthly payment (I'll assume 9%), so the final payment comes out to $372.51.
The marked up MF is accounting for the $27/mo difference.
Thank you! Glad it's not just my less than stellar math skills at work.
Michael, whose numbers are correct, mine or theirs?
Not entirely sure. Using the MSRP and sale price you've quoted, along with the 62% residual and .00130 (not .00125) base MF, I get a pre-tax payment of $478.89. If I subtract the $4875 rebate from the selling price, the pre-tax payment drops to $269.42.
Depending on the tax rate, your numbers look closer to my calculations.
However, the dealer may be adding in some fees and such to the selling price that is inflating the payment.
Thank you Michael and all the other posters on this forum whose information allowed us to make a (hopefully) good deal on a BMW i3.
Here are our numbers for 2015 BEV model, Mega World plus upgraded wheels ($1,300) plus Parking Assistant package ($1,000). We purchased from a Bay Area dealership. We also got $500 off from USAA.
I think that they charged us more than .000130 for Money Factor and where they potentially made an extra $600 off of us. My bad and I will do better next time.
30 months/10K miles. $2500 Drive-Off, which we are hopefully getting back from the State of CA.
MSRP: $45,695
Gross Capitalized Cost: $48,050
Depreciation and and Amortized Amounts: $6,6365.88
Rent Charge: $2,315.52
Total Monthly Payment (SF Sales Tax included): $314.70
If there are any obvious issues I should have picked up on with these numbers I'd appreciate feedback.
So far so good with the car. My husband absolutely loves the technology. Drives very nicely. It only took a couple of trips to get used to driving with one foot.
Thank you Michael and all the other posters on this forum whose information allowed us to make a (hopefully) good deal on a BMW i3.
Here are our numbers for 2015 BEV model, Mega World plus upgraded wheels ($1,300) plus Parking Assistant package ($1,000). We purchased from a Bay Area dealership. We also got $500 off from USAA.
I think that they charged us more than .000130 for Money Factor and where they potentially made an extra $600 off of us. My bad and I will do better next time.
30 months/10K miles. $2500 Drive-Off, which we are hopefully getting back from the State of CA.
MSRP: $45,695
Gross Capitalized Cost: $48,050
Depreciation and and Amortized Amounts: $6,6365.88
Rent Charge: $2,315.52
Total Monthly Payment (SF Sales Tax included): $314.70
If there are any obvious issues I should have picked up on with these numbers I'd appreciate feedback.
So far so good with the car. My husband absolutely loves the technology. Drives very nicely. It only took a couple of trips to get used to driving with one foot.
$315/mo for a car that stickers at close to $46K is a good deal no matter what. Enjoy the i3!
Hoping to pick up an i3 today with last day of the month sales motivation. Here's the quote I got. Anything look off?
MSRP 49,500 10k, 30 months Residual $28,710 Cap cost $44,988 $7,500 rebate Adjusted cap cost $37,488 Drive off $2617.62 $427 monthly payment including 9% tax but dealer used .0015 money factor. He will correct to .0013 and should bring it down to around $408.
Should I still be able to use the $1000 option credit? I don't think this is being applied anywhere.
Hoping to pick up an i3 today with last day of the month sales motivation. Here's the quote I got. Anything look off?
MSRP 49,500 10k, 30 months Residual $28,710 Cap cost $44,988 $7,500 rebate Adjusted cap cost $37,488 Drive off $2617.62 $427 monthly payment including 9% tax but dealer used .0015 money factor. He will correct to .0013 and should bring it down to around $408.
Should I still be able to use the $1000 option credit? I don't think this is being applied anywhere.
Thanks!
Not familiar with the option credit, but if they've already given you a complete quote, then they have included it.
54850 MSRP (this is a demo model with 2400 miles, however) 45285 selling price (apparently already factors in $7,500 rebate and $1,000 Team USA discount)
.00130 money factor (although he keeps flip-flopping on whether it is .00130 or .00150) 53% residual (minus $400 dollars due to miles, therefore $28484 residual) for 36 months, I'm not sure about 24 months
$2,000 due at signing to cover some taxes/fees (rest are being rolled into payment)
Also, they are cutting me a check for $3,000 to cover my remaining lease payments (I know that is a huge amount, but it seems to maybe be worth it considering the discounts right now, but I could be wrong.).
For 36/10: $480 per month For 24/10: $440 per month
I'm new to this, so any advice would be greatly appreciated!
54850 MSRP (this is a demo model with 2400 miles, however) 45285 selling price (apparently already factors in $7,500 rebate and $1,000 Team USA discount)
.00130 money factor (although he keeps flip-flopping on whether it is .00130 or .00150) 53% residual (minus $400 dollars due to miles, therefore $28484 residual) for 36 months, I'm not sure about 24 months
$2,000 due at signing to cover some taxes/fees (rest are being rolled into payment)
Also, they are cutting me a check for $3,000 to cover my remaining lease payments (I know that is a huge amount, but it seems to maybe be worth it considering the discounts right now, but I could be wrong.).
For 36/10: $480 per month For 24/10: $440 per month
I'm new to this, so any advice would be greatly appreciated!
.00130 is the base MF this month. 36/10 residual is 53%; 24/10 residual is 63%.
We need to know the net cap cost (to reflect the fees that are being rolled in) in order to model a payment.
What are you leasing now? It's possible the $3000 isn't enough equity.
I currently lease a 2013 Ford Focus Titanium hatchback (18,000 miles on it). Since it appears a trade would be worse off in regards to negative equity, I suggested that the dealer cut me a check for the remaining 8 payments. I know this means I'll pay insurance for 2 cars for over half a year, but the discount on this car seems pretty significant even with the 3,000 rolled into it.
I currently lease a 2013 Ford Focus Titanium hatchback (18,000 miles on it). Since it appears a trade would be worse off in regards to negative equity, I suggested that the dealer cut me a check for the remaining 8 payments. I know this means I'll pay insurance for 2 cars for over half a year, but the discount on this car seems pretty significant even with the 3,000 rolled into it.
Agreed, regarding the Focus.
Something seems off - using your numbers, I get $573/mo for 36 months and $589/mo for 24 months. It's possible the rebates and incentives are lowering your cap cost.
I went to the dealer to make heads/tails of the situation, and forgot to get the cap cost!
However, they were able to get me down to a $395 payment with the same $2,000 due at signing for taxes/fees/first month payment for a 24 month term.
With thy these seemingly aggressive discounts, it seems to be worth it even with the negative equity. After all, I currently pay $330 per month for a half-the-price Ford Focus.
I know you can't run the numbers without the cap cost, but I might just end up taking this deal. I'll of course see if I can bring them down even the tiniest amount more.
I went to the dealer to make heads/tails of the situation, and forgot to get the cap cost!
However, they were able to get me down to a $395 payment with the same $2,000 due at signing for taxes/fees/first month payment for a 24 month term.
With thy these seemingly aggressive discounts, it seems to be worth it even with the negative equity. After all, I currently pay $330 per month for a half-the-price Ford Focus.
I know you can't run the numbers without the cap cost, but I might just end up taking this deal. I'll of course see if I can bring them down even the tiniest amount more.
Keep us posted, and be on the look out for any hidden fees.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can you give me residual and m.f. for i3 Range extender? Thanks.
I got the following from the local BMW dealer, the finance guy was busy but he did not come back with a quote for no money down.
MSRP: 48200
Sale Price: 43845
Residual for 30 months: 58%
MSD: 7 x $350 = 2450
m.f. = 0.00129
He mentioned down of $4995 whick $2450 was security deposit, I think he mis-spoken, looks like $2545 down.
They are offering payment of 332.35 with tax totaled to 361.43.
Again, he just emailed the numbers but 7 MSD's should have brought down the money factor by a lot more, right? Also he mentioned the California state credit of $2500 is only good for leases 30 months or longer.
Any thoughts? Thanks in advance.
Jim
Max of 7 MSD would bring the MF down to .00081
I'm not sure how they get a payment in the $300's, though, unless the sale price doesn't have the $7500 in lease cash applied to it. If I apply that to your sale price, and use the .00081 MF, the pre-tax payment I calculate is $331.72, so pretty close to your dealer quote.
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One dealership quoted 0.00129 and the other was 0.00121 and both of them said 7 MSD's were used. The sale price does have 7500 applied but there is a tax on that rebate for $663 and $499 DMV fees. How the money factor is un-changed puzzles me.
Thanks again.
Unfortunately, consumer rebates are taxable in most states.
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He mentioned there that he leased in California, for $510 a month, zero down, for the i3 with a MSRP of $54045, 12k/36 months. 7 MSDs. Tax rate of 9%.
I think I broke the numbers, if anybody leased recently or knows and I missing anything.
MSRP: $54045
Negotiated Price: $49335
Lease Cash -$7500 off
Team USA discount: -$1000 off
Tax on the $8500 at 9%: $765
Reg fee, tire fee, doc fee, etc.: $567
Acq fee: $795
MSD: 0.00081 since 7MSDs
52% residual since 12k/36
about $510 a month.
Just an FYI for folks in CA, the breakdown I got from dealers on the $567 for misc fees:
$24 Freight Fee
$390 Registration
$10 County Fee
$29 Electronic Filing Fee
$20 Smog Abatement Fee
$80 Doc Fee
$7 Tire Fee
$7.20 tax on the Doc Fee at 9%.
2014 i3 REx
MSRP $54,700
Selling price $47,825
Residual is 58%
Money Factor .00130
10K Miles per year
$1500 total due at signing
$497 a month tax included @ 30 months
Get the dealer to disclose the net cap cost to you, and make sure you understand everything that went into that number.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Is there currently a two year lease special on the i3? If so, would you please provide residual (12k miles per year), MF, lease cash for 2015 i3 REX? I'm located in Missouri. Thank you in advance.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks
.00130 MF and 60% residual for 24mo, 15K/yr.
That's all we have, right now.
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First time leaser - could you help me determine if this is a good quote?
i3 with ReX, MegaWorld with Parking Assist for 24 months/10K miles per year:
MSRP $48,795
Selling Price $43,795
Residual $30,740.85
MF .00150
Down payment $1,579
Rebate $7,500
Monthly payment: $371+ tax = $404
I didn't get any details about MSDs - how much of a difference would 7 MSDs make?
Using your marked up MF of .00150 and subtracting the $7500 from the selling price, I get a payment of $331/mo.+tax. That is a $1000 discrepancy. I'm assuming that $1579 covers your first payment and acquisition fee, title/registration. If it doesn't, and the acquisition fee is added to the CAP cost, that could explain the difference.
You should ask for the CAP cost and the calculation on how they got there. That usually explains a lot, and that's where they can pad the payment.
MSDs would drop the payment by $30/mo. approx.
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2013 Nissan Leaf leasee
What is the $1,000 option credit that you indicated? Is it possible that this is not included?
The $1,579 covers the first payment and following:
1st Month Payment 404.44
Fees & Insurance 511.00
Upfront Taxes 663.25
Total Inception Fees 1,578.69
Fees breakdown as below:
Doc Fee 80.00
Reg 355.00
Flat Add/County Fee 20.00
Tire Fee 7.00
Electronic Filing 29.00
Smog Abatement Fee 20.00
Best part - you get that MSD money back at the end of the lease.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What are the current incentives for a 2014 i3 REX? Is it still $5,375? Also, would you please provide the MF and RV for a 24 month/12K miles a year lease? Thank you!!!
MF is .00125 and 24/12 residual is 62%
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Here's what he's quoting:
30 months/10,000 miles per year.
MSRP: $48,545
Selling price he quoted (I don't have it in writing): $43,410 plus $925 acquisition fee.
58% residual.
.00170 Money Factor
$2,581.81 "Drive-Off."
$397.92 for 29 months, including 8.75% tax.
I feel like there are additional fees he isn't telling me about because 58% of $48,545 is $28,156, so I should be paying for difference between $43,410 + $925 -$28,156, correct?
That is $16,079.
Minus the $7,500 federal credit that will be applied as cap reduction as signing, that leaves me with $8,579 plus taxes, DMV, Registration fees, etc.
The total cost I come up with based on the numbers he gave me is $14,121.49 ($2,581.81 drive off plus $397.92 for 29 months) includes taxes, DMV, Registration fees, etc.
Any input is greatly appreciated. Thank you.
So, right off the bat, we can see that the dealer is marking up the MF for extra profit.
If I use the $43,410 selling price less the $7500 lease cash, the net cap cost becomes $35,910. Along with the MSRP, those numbers (and the base MF) give me a pre-tax payment of $341.75
CA taxes the monthly payment (I'll assume 9%), so the final payment comes out to $372.51.
The marked up MF is accounting for the $27/mo difference.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks in advance. This forum is really helpful, and I appreciate all the work, Michaell and Kyfdx.
Fleet incentive, I don't know.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
BMW i3 2014
MSRP 45700.00
Sale price 37765.00
12k/24m lease
Rebate 4875.00
Residual amount 28334.00
Customer cash 887.97 (Advance payment: 324.43 + Upfront charges: 563.54)
Money Factor 0.00125
Monthly payment with MI tax: 324.43 (306.07+18.36)
For 15k/24m my payment with MI tax would be: 363.58 (343.00+20.58)
Per my calculations, for 12k/24m total payment would be 290.34 and for 15k/24m it would be 330.60.
Am I correct or I am missing something?
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Depending on the tax rate, your numbers look closer to my calculations.
However, the dealer may be adding in some fees and such to the selling price that is inflating the payment.
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Here are our numbers for 2015 BEV model, Mega World plus upgraded wheels ($1,300) plus Parking Assistant package ($1,000). We purchased from a Bay Area dealership. We also got $500 off from USAA.
I think that they charged us more than .000130 for Money Factor and where they potentially made an extra $600 off of us. My bad and I will do better next time.
30 months/10K miles. $2500 Drive-Off, which we are hopefully getting back from the State of CA.
MSRP: $45,695
Gross Capitalized Cost: $48,050
Depreciation and and Amortized Amounts: $6,6365.88
Rent Charge: $2,315.52
Total Monthly Payment (SF Sales Tax included): $314.70
If there are any obvious issues I should have picked up on with these numbers I'd appreciate feedback.
So far so good with the car. My husband absolutely loves the technology. Drives very nicely.
It only took a couple of trips to get used to driving with one foot.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hoping to pick up an i3 today with last day of the month sales motivation. Here's the quote I got. Anything look off?
MSRP 49,500
10k, 30 months
Residual $28,710
Cap cost $44,988
$7,500 rebate
Adjusted cap cost $37,488
Drive off $2617.62
$427 monthly payment including 9% tax but dealer used .0015 money factor. He will correct to .0013 and should bring it down to around $408.
Should I still be able to use the $1000 option credit? I don't think this is being applied anywhere.
Thanks!
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Could you let me know how this deal looks?
54850 MSRP (this is a demo model with 2400 miles, however)
45285 selling price (apparently already factors in $7,500 rebate and $1,000 Team USA discount)
.00130 money factor (although he keeps flip-flopping on whether it is .00130 or .00150)
53% residual (minus $400 dollars due to miles, therefore $28484 residual) for 36 months, I'm not sure about 24 months
$2,000 due at signing to cover some taxes/fees (rest are being rolled into payment)
Also, they are cutting me a check for $3,000 to cover my remaining lease payments (I know that is a huge amount, but it seems to maybe be worth it considering the discounts right now, but I could be wrong.).
For 36/10: $480 per month
For 24/10: $440 per month
I'm new to this, so any advice would be greatly appreciated!
We need to know the net cap cost (to reflect the fees that are being rolled in) in order to model a payment.
What are you leasing now? It's possible the $3000 isn't enough equity.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Apparently the cap cost is $46,180.14
I currently lease a 2013 Ford Focus Titanium hatchback (18,000 miles on it). Since it appears a trade would be worse off in regards to negative equity, I suggested that the dealer cut me a check for the remaining 8 payments. I know this means I'll pay insurance for 2 cars for over half a year, but the discount on this car seems pretty significant even with the 3,000 rolled into it.
Something seems off - using your numbers, I get $573/mo for 36 months and $589/mo for 24 months. It's possible the rebates and incentives are lowering your cap cost.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
However, they were able to get me down to a $395 payment with the same $2,000 due at signing for taxes/fees/first month payment for a 24 month term.
With thy these seemingly aggressive discounts, it seems to be worth it even with the negative equity. After all, I currently pay $330 per month for a half-the-price Ford Focus.
I know you can't run the numbers without the cap cost, but I might just end up taking this deal. I'll of course see if I can bring them down even the tiniest amount more.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What is the MF and Residual for 2015 i3? Are there any incentives? PA?
Thank you,