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Lease deal, good deal?
thl107@yahoo.com
Member Posts: 5
I got a quote from a PA dealer for a 2015 Q50 AWD Base (no moonroof). Please let me know your thought.
$4K down and $287 a month for 39 mons and 10K mile a year.
The total cost (including tax and all the fees) is $14906 and the residual would be $22319.
Tag fees and doc fee is 127 and 134. Capitalized taxes is 450 and Acq Fee is $700.
I dont know the MF and plan to tell the dealer that I don't want to put anything down (I rather increase the monthly payment).
$4K down and $287 a month for 39 mons and 10K mile a year.
The total cost (including tax and all the fees) is $14906 and the residual would be $22319.
Tag fees and doc fee is 127 and 134. Capitalized taxes is 450 and Acq Fee is $700.
I dont know the MF and plan to tell the dealer that I don't want to put anything down (I rather increase the monthly payment).
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.00018 MF and 56% residual.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
lease term 39 months
miles per year 12000
MSRP 48,195
final sales price 41,140
acquisition cost 700
gross cap cost 41840
cap cost reduction 1486.06
Adj cap cost 40353.94
registration fee 378
tax on cap cost red 130.03
doc processing 80
DMV filing fee 29
residual value 25061.4
monthly payment (including tax) = $481.91
.00008 MF and 52% residual
$398/mo.+tax.
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Write it off as a learning experience .. we'll be here when it's time to set up your next lease.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Q50 Sport
MSRP - $46,600
Terms: 39mo X 15K miles
At signing: $1,430 (includes 1st payment)
Payment w/ 6% tax: $494
Dealership to make 2 remaining payments on my BMW totaling $1,376
MF was .00032
RV was 50%
Thoughts? Do you think I can do better? Was going to push for nothing at signing plus getting to make a 3rd BMW payment which will be owed regardless.
The best way to compare leases that are similar in those respects, and have the same length term and miles, is to calculate cost per mile. Add up all the lease payments, tax and fees and divide that sum by the total number of miles allowed during the lease. Compare the cost per mile of each lease offer and choose the one with the lowest cents per mile.
There is no need to be concerned about the money factor or residual value unless you want to buy the car at the end of the lease. If you want to save money, just compare the pennies per mile cost for the car(s) you want.
Required maintenance costs or free/included maintenance should also be factored into the total cost of the lease when figuring per mile cost.