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Comments
36 months / 12,000 miles
65% Residual and MF of .00070
$0 Down
MSRP: $49,585
Discount: $3,166.10
Selling Price: $46,418.90
Aftermarket: $299.95 (Paint protection they refuse to take off they say its applied to the coat of vehicle,)
Doc Fee: $595
Acq Fee $595
License Fee: $200
Gross Cap Cost $47,908.85
At end of quote under "Payment" They put on advanced payment of $526.03 and Upfront charge of $337.36 to total $863.39 due on delivery which they said they will cover so I don't owe anything up front (weird as to why even write this into quote?)
Total monthly payment of $526.03 which includes tax.
Putting these numbers into lease calculator i should have a monthly payment of $494 with a drive off of $1325 (but dealer quote said I don't owe anything on delivery)
So can someone help explain this?
There may be some sort of 'sign and drive' promotion which waives your up front costs. We don't have any information about this, however.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Sales Tax is actually 6% Turns out there computer system has an error on that end. Thank you for your help in confirming the numbers.
Michael,
Where is the $299.95 aftermarket charge belong when figuring out the quote. Is it selling price + aftermarket when working out the numbers? Or just 299.95$ divided by 36 months onto the payment
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
could you provide the RV and MF for 2017 Acadia AWD SLE-2 24/12, 24/15, 36/12 and 36/15 in northern NJ
thanks
36/15 - .00070 and 61%. Add 2% for 12K
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Have not leased a car in my life. Did a lot of research on Edmunds and here is what was offered to me. I did some calculations and I think this is a really high quote. I am going back tomorrow to re-negotiate. Just need some insight.
Thanks to any who comments.
here is a quote for a 2017 Acadia AWD SLT 2 - NJ
Burgandy with ash cloth interior
36 months / 10,000 miles
64% Residual and MF of .00070
$1860 Down
MSRP: $42,795
Selling Price: $40,850
Doc Fee: $595
Acq Fee $595
Vehicle Theft Regs: $199
Gross Cap Cost $42,239
$459.21 Per Month
* 510.87 a month if I put no money down.
I'm also going to ask for a quote for 2017 Acadia FWD SLT 1 - NJ
Burgandy with leather ash interior
$41,660 sticker price..
-John
I guess the $1860 upfront is first payment, tax, dmv fees?
If so, I get $461/mo, which is very close.
$2000 off MSRP, but giving $600 back for a doc fee, means you aren't getting a very big discount ($1400).
Other than that, the rest of the deal looks good. You need a lower selling price.
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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
I agree with the money factor and residual.
I guess the $1860 upfront is first payment, tax, dmv fees?
If so, I get $461/mo, which is very close.
$2000 off MSRP, but giving $600 back for a doc fee, means you aren't getting a very big discount ($1400).
Other than that, the rest of the deal looks good. You need a lower selling price.
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Thanks this is what I got in the end after using Edmunds lease calculator and traded AWD and cloth for FWD and leather. Yes the upfront was first payment, tax, dmv fees.
2017 Acadia FWD SLT 1 - NJ
Burgandy with Leather Ash interior.
* They came at me with $1,872 upfront and $462 a month,
* I got the car for $1,872 upfront and $422 a month.
* Also got the $700 Costco gift card as well.
36 months / 12,000 miles ** Got the extra 6000 miles **
63% Residual and MF of .00070
$1872 Upfront
MSRP: $41,660
Selling Price: $39,660
Doc Fee: $349.00
Motor vehicle 459.00
Vehicle Theft Regs: $199
I felt the deal was competitive. Hope this helps anyone? Should I feel I got a decent deal?
Thanks, John
Heres a deal being offered by a dealer seems very high to me for AWD 2017 acadia sle2
Msrp 40,475
Costco negotiated price 38,738
Residual 63%
Money factor .0007
900 down covers 1st payment and dmv fees
NY tax 8.675 rolled into lease
There also paying my two remaining gmc payments using the pull ahead program totaling $700
3 years 36000 miles
Dealer gave me a price of 475 a month
Is something off or is this just a bad vehicle to lease. Seems very high for not getting leather or higher model
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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
Looking for a 10K mile lease, +/- 3 year term.
Thanks
Joe
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
2017 Acadia FWD SLT 1 - NJ
Burgandy with Leather Ash interior.
* They came at me with $1,872 upfront and $462 a month,
* I got the car for $1,872 upfront and $422 a month.
* Also got the $700 Costco gift card as well.
36 months / 12,000 miles ** Got the extra 6000 miles **
63% Residual and MF of .00070
$1872 Upfront
MSRP: $41,660
Selling Price: $39,660
Doc Fee: $349.00
Motor vehicle 459.00
Vehicle Theft Regs: $199
I felt the deal was competitive. Hope this helps anyone? Should I feel I got a decent deal?
Thanks, John
John,
I was at a GMC dealer (in NJ) last night looking at an almost identical Acadia. I showed them your deal and told them if they could do the same deal I would get it. They told me that the math is off by $1000 and that you must have had the Competitor Lease rebate which is currently $1500. I only qualify for the Loyalty Lease which is $500. Did you get any rebates that weren't mentioned in your earlier post or are they blowing smoke?
Thanks.
Mike
Also what is the invoice price on that and should I try and negotiate under invoice?
Thanks in advance for the help.
While there, you can also see Edmunds TMV, which is an average of what other buyers are paying.
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3 years 36000
Msrp: 41905
Costco sale price:39700
Offering me additional 1000 consumer cash
500 loyalty rebate
500 farm bureau rebate
Residual 63%
M.f. .0007
Tax in my ny area is 8.675
Total monthly cost 414 with just mv fees and 1st payment down
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.00070 MF and 63% residual
No incentive information. Our numbers are only for GM Financial.
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Also looking for the lease incentives when switching from a competitor.
Thanks!
No conquest incentive information.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Also can you please tell me both for the 39 month leases also at 10k?
Subtract 2% for 39 months; same MF
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Is there a particular forum that I should find?
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SLE-2 FWD with V6, MSRP $37090, selling price of $34,485, money factor 0.00065, residual of $22,865, payment of $379 per month including taxes and fees and sign and drive so only have to make 38 payments
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Any idea what this entails for the Acadia? Do different models get a better incentive?
Thanks again for all of your help.
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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
I used all advice learned here (thank you!) and walked into the GMC dealer to lease the 2017 GMC Acadia Denali. Knew the exact stock number of the vehicle, rebates, appropriate price to negotiate, RV, money factor, etc. I had already calculated the exact lease structure and payment amount based upon all of the known fees, taxes, etc and was ready to get it done.
Some background: in Georgia, when you purchase or lease a vehicle, you must pay a title ad valorem tax (TAVT) on the fair market value of the vehicle (higher of the vehicle selling price or price listed in dept of revenue publication). When you trade a vehicle in that is titled in your name and apply the trade in value to the new lease, you get a tax break for the trade in value given by the dealer which is subtracted from the total TAVT owed. The law is very clear in that if you turn the vehicle in at the end of the lease, you are NOT entitled to the TAVT break as the vehicle is not titled in your name (regardless of whether it is the same or different Lessor) and you are not the owner. Documents from the GA dept of revenue clarify this with multiple examples. HOWEVER, it does not clearly state whether or not you are entitled to the tax break if you trade the vehicle in BEFORE the maturation of the lease and the new dealer covers the complete payoff amount of the lease. Given the very clear language of the law ( the tax break is available to the titled owner), I made the assumption that I would not be entitled to this tax break. I therefore calculated my tax owed based upon the full value of the vehicle.
When I sat down to go over the numbers with the sales manager (who, I might add, appeared to be knowledgeable and up-front and I had no issues negotiating reasonable figures with), he put the tax credit on his worksheet. I (possibly very foolishly) pointed out that I was not entitled to this tax credit. I was concerned that this would come back to bite me from the state if I was given the tax credit, OR that when I was sitting down with the finance manager, that we would start to go round and round and confuse the issue. The sales manager went in the back, then came back and thanked me and removed the tax credit. We proceeded to go over the lease terms and came to the exact figures that I calculated for the lease (to the penny!)
Here is my question (finally). Am I entitled to this tax credit given the fact that I was trading in the vehicle and the dealer was paying off my payoff amount? Is this some kind of loophole that I was unaware of?
Most importantly, did I just give the dealer an additional $2000 back for no reason and if so, should I pursue this?
I realize that this is a pretty nuanced question but I have gotten nowhere with the GA dept of revenue.
Second - I'm not an accountant, or a tax expert
I'm just a guy on the 'net trying to help folks buy and lease cars.
That said, you didn't own the leased vehicle you traded in, so I don't believe you were entitled to any sales tax credit. Looks like your Acadia lease deal was consummated correctly.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
In any event, I got a good price, an excellent lease deal, a good allowance on my trade and I can sleep with myself at night (although I do hate paying taxes!)
Joe
SLE-2 with V6, 8 inch touch screen and AWD
SLT-1 with AWD
Taxes are a necessary evil in our society.
Congrats! Looks like a solid deal.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
39/10 - .00070 and 61%
Both trims.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
You traded in a leased vehicle, and leased another vehicle?
No chance of a trade in credit with that scenario. No matter how the payoff was handled.
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I am looking to add the following dealer accessories to the vehicle at the dealership:
• Cargo Liner – Custom Molded, PartNo= 23398828, MSRP = $125
• Front Molded Splash Guards (without assist steps), PartNo=84082743, MSRP = $50
• Rear Molded Splash Guards, PartNo=84082742, MSRP = $50
• Contoured All-Weather Floor Liners - Second Row, Jet Black, PartNo=23356364, MSRP=$80.00
• Floor Liners, Premium All-Weather, Third Row Jet Black, 6 passenger, PartNo=23356370 , MSRP=$80.00
• Floor Liners - Premium All-Weather, Front Row, Jet Black, PartNo=84128107, MSRP=$110.00
• Total accessories, MSRP = $495
Would the affect on the monthly lease payment be $495/24 month lease = $20.63?
Our do I get the benefit of residual $495*(1 - 0.72 residual)=$138.60 /24 month lease = $5.78?
Thanks in advance.
So. $20.63/mo. + finance charge + tax.
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The dealer does have a list of accessories that can be residualized, but they are usually the hard items that can't be easily removed, and the level of residualization is pretty low.
This was abused by dealers in the '90s, and has been cracked down on.
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