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$54,584 - $35,120 = $19,464. Over 36 months, that works out to $540.67/mo.
Then you add the rent charge (interest) to that, then sales tax to the total of the two.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
2015 ML 350 4Matic
MSRP: 61731
Sale Price: 54323
Out the door price: 57973 (taxes & other fees included)
Term: 36m/12k miles
mf: .00149
Option 1
out of pocket: 4000
payment incl. IA taxes: 698
or Option 2
out of pocket: 1775
payment incl. IA taxes: 796
It seems like a good deal but I am not sure about the 4k out of pocket since their quote doesn't show it being applied to the final price. Is there anything else in all that that I should be looking for? Thanks!
Get a breakdown of the OTD price. Make sure all of the charges are relevant to a lease. Also, make sure you know how Iowa taxes a lease. Is it on the monthly payment? Collected upfront? Do they tax the full purchase price on a lease?
Also, ask for the CAP cost on those two examples, and what is added or subtracted from the selling price to get there.
We already know that they've marked up the money factor. Need to find out what else is hiding in the numbers.
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I am looking at a ML 350 4MATIC as well (posted a GL question in the other thread) to see which option will work. going b/w 5 and 7 seater choices. Can you help me with the MF, Residual for 36mths for12/15k miles?
The MSRP of the one I looked up is $62,530 and has premium, park assist pkgs. What would a typical deal look like for the above SUV?
This is a great forum BTW! so much good information. Thanks!
We would need to know the net cap cost in order to model a payment for you.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
The MF on the ML350 4MATIC is 0.00149.
MSRP $62530
*FLETCHER JONES SAVINGS $3530
*SALE PRICE $59000
*ACQUISITION FEE $1095
*ESTIMATED MILEAGE (YEARLY-)-12k
ESTABLISHED VALUE $60,095
*RESIDUAL VALUE $34,391.50 ($33,140.90 for 15k)
*MONTHLY PAYMENT:36 Months
*FIX RENT $854.77 ($887.65 for 15k)
*SALES TAX $69.24 ($71.90 for 15k)
*TOTAL MONTHLY PYMT.$924.01 ($959.55 for 15k)
*FIRST MONTH RENTAL
*UPFRONT TAX DUE $40.10
*TITLE FEE $29.25
*DOC FEE $495
CUSTOMER DRIVE-OFF $1488.36
So what would be a decent deal based on your experience?
Using the base amounts for both I get a pre-tax payment of $801.55, more than $50/mo less than the dealer quote.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Use this article to build your own lease calculator:
http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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ML350 4matic.
36mo/ 10k per year.
Does anyone know if they offer less than 10k miles per year on a lease?
Add 1% for 7.5K/yr
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350: .00099 MF and 56%/55% residual.
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Received estimate from Dealer:
MSRP 56045
Invoice 52925
Price 48125
36 month lease, 15k miles per year
Drive off $1223 1st payment and DMV due at lease signig. $0 cap reduction
Monthly $726 plus tax on approved tier 1 credit
Total payment is $791 for 9% tax
Your thoughts ?
Best Regards
I'd ask the dealer for two things:
1. Net cap cost, and how they arrived at that number from the selling price
2. MF; dealer is allowed to mark it up on you for extra profit
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thanks for the reply.
"Zero Down- No Money out pocket"
Still same number 642 a month tax included?
And, as your other thread mentioned, if this is for the ML250, then my MF and residual numbers are wrong. MF is around .00200 and the 36/15 residual is 57% instead of 53%.
Using your price information, I get a payment of $664/mo.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Residual for the Diesel Engine is definitely higher?
Based on your previous response dealer is trying to get 80.00 dollars a month out of me?
Thanks for your time
Adjusted Cap Cost:
49,283.01
What do you think?
Regards
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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
Can I please get the MF, residual and any incentives for an ML350 and ML400. 36/10 and 12 for South Florida. Thanks,
350: .00099 MF
400: Standard MF (.0020-.0022)
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2015 M350 4matic - 61k msrp, discount of 5k brings it to 56k; 36/12 lease around $770 per month after 2k down for first month payment and other fees; I'm not sure if this price includes sales tax??
Next car is exactly the same except it has 7k miles (used as a loaner); discount would be 8k off msrp bringing it to 53k; same down payment, monthly payment around $700.
We are in MI, sales tax is 6%; when they give you those final prices do they typically include tax? We are going back tomorrow to possibly finalize. Are we getting as good of a deal as they say on these "older" models or should we pursue the new 2016s?? How much are those being discounted off the MSRP realistically?
On the 1st one, I get $712/mo.+tax, or about $754/mo. That's not far off, and your numbers appear to be rounded off, so that could certainly make up the difference.
Price quotes aren't typically, anything. Generally, if you assume something is included, it's not..
If your quote includes tax, the calculations are pretty close. Whether it's a good deal or not? I'm not sure. We see some pretty big discounts from MSRP at model year end. Scroll back a few pages and look for other's examples.
I would definitely take a demo on a lease for a 10% savings in payment.
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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
My wife and I were a little fatigued after hours at the dealer and were satisfied with our payment so we took the deal.
If you're happy with the deal, just enjoy the new MB. The pleasure you get from driving it will last far longer than any feelings you have about the financials.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
i was looking for a ML350 and the MSRP is 60,345 for the one that found near my house. I tried to search on the forum to find a good deal people got. I am looking to lease for 36/10. I could get the monthly payment using the calculator however now sure what discount to expect. The dealer mentioned that the car is a demo car and has done 6k on miles. Should 15% be a good discount on the MSRP even if it has some miles on it or should I expect more.
The 6000 miles will allow you to get a better selling price, but the lease residual will be lowered as well.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Do you have the MF and the residual for November for 350 4matic 36/10 and 36/12.
.00099 and 53% for 36/12. Add 1% for 10K
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Received the following quote and wanted to check if this seems ok.
MSRP 56,490
selling price $46,949
lease 36/10
Down payment
Bank fee $1095
taxes upfront $1436 (NJ)
doc fee $349
motor vehicle est $336
first month payment
total around $3800
monthly payment $530
residual 54%
MF .00089
Vehicle has done around 6000 miles hence the extra discount
With your numbers, I get $526/mo, so in the ballpark with your quote.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4