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Comments
Cleveland, OH
Cap Cost: $19,770
Term: 36 Month
Miles: 12K Miles
Money Factor: 0.00001
Residual: $11,840
To Be paid upfront below:
Doc Fee: $250
Title: $33
First Month Payment: $259
Tax: 8% Cuyahoga County Tax
Getting a monthly rate of $259
This is my first time dealing with all of this on my own and still learning a lot. Can you please let me know if this seems like a decent deal ?
I would confirm the cap cost - where is the bank fee in all of this?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Invoice: $22,920
Cap Cost: $19,770 same as told by the dealer.
This is $0 Down. All other numbers are the same including MSRP
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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
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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
Thank you for all the help
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I'm turning in a lease with 5 months left at $1,700 to be added to the cap cost.. They want $1,000 down for a payment of $298+ tax. Any way to get them to eat some of the payments?
Also, can I get the residual value for 48 months?
Thank you.
For 48 months, the numbers are .00050 and 40% for 48/15.
Why get out of your lease early? That alone is adding almost $50/mo to your 36 month payment or $35/mo if you stretch the new lease out to 48 months.
Might be time to reach out to another VW dealer.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Am I doing the math correctly? .0005 is 1.2%? What does .00001 translate into?
Thanks again.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thank you!
2016 Passat R-Line w Comfort Package
12K/36M: $0 Down @ $378 - $388 a Month
Retail Price: $26665
Savings: (Dealer) $3283 & (Rebate) $1250
Selling Price: $23382
Sales Tax: $994
Net Sales Price: $24386
This looks fairly high compared to other offers i Have been reading. I am in Delaware not sure if that makes a difference
.00001 and 49% are the relevant lease numbers.
Is the retail price the MSRP?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
39 month term numbers aren't as good.
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Does the V6 also get the $2k lease cash?
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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
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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
2016 Passat SE
MSRP:$27,520
Dealer invoice Affiliate Price:$26,138
Affiliate discount over invoice:$500
Lease cash:$2000
Reward card bonus:$1250
Final Price:$22,388
Risidual:$13,484.80
Tax basis: ($22,388-$13,484.80) = $8,903.20
Money factor interest: .(00001*2400)= .024% * $8,903.20=$2.13
Tax basis + Money factor interest: $8905.33
MN Tax @ 6.875% = $8905.33*.06875=$612.24
Title fee = $7.25
Plate Fee = $6.00
Registration Tax =$289
Total Capitalized Cost = $22,388+$612.24+$7.25+$6.00+$289 = $23,308.50
Cap Cost: $23,308.50
Risidual: $13,484.80
Term:12/36
Money Factor:.00001
Final Lease Payment:$273.85 with 0 drive off
Does my math look right? Is this what I should be shooting for on the 2016 Passat SE? Thanks in advance!
1) Don't convert the money factor to an APR. It only serves to confuse the situation.
2) The money factor is applied to the sum of the CAP cost + residual, not the difference.
3) Pretty sure you have to wait for the cash card. Don't think you can use it as a CAP cost reduction.
4) You don't say what state you are in, but most states just tax the monthly payment, so your calculations for that are off, as well.
5) Where is your acquisition fee? ($625 for VW Credit)
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I think you're right on the cash card so I'll add that back into my cap cost. You're absolutely right on the finance fee calculation. I didn't realize I have to apply it as follows Finance Fee = ( Net Cap Cost + Residual ) × Money Factor. MSRP: 27,520. I added in acquisition fee and some other "normal" dealer fees. If I factor in the $1250 reward card and take $34.72 a month off my final payment, I'm looking at $310.51 a month. I want to get my payments below $280 a month so I'll need to negotiate an additional $1080 off the final price. What do you guys think? Do you guys see an additional room of $1080 or so taken off the negotiated price? Do my numbers look right now?
Dealer invoice affiliate price: 26,138
Affiliate discount over invoice: -500
Lease cash: -2000
Reward card bonus: (received later) 1250
Negotiated Price 23,638
Residual percent 49%
Residual value: 13,484.80
First payment 335.90
Down payment 0
Security deposit 0
Acquisition fee 625
Disposition fee 0
Doc Fee 300
Total fees 1,261
Depreciation Fee: 10,153
Sales tax rate 6.875%
Sales tax 698
Registration 289
License 6
Title fees 7
Net capitalized cost 25,899
Residual 13,485
Term 36
Money factor 0.00001
Final payment $345.24
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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
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Don't know ... use the "car research" tab to link to current customer incentives.
The lease cash is a factory to dealer incentive for leases.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thanks
36/12 - .00001 and 49%
48/12 - .00050 and 42%
$2000 lease cash
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
MSRP:$28,885
Negotiated Price includes all incentives:$23,015
Money Factor:.00001
Term: 12/36
Payment: $298.15
Drive off: $0.00
I think this was a sweet deal. Curious to hear your thoughts! Thanks again!!
Congrats and enjoy the new Passat, and thanks for posting your deal details with us.
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