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$5000 option allowance.
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$5000 option allowance
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Makes you wonder if they think you have to make an initial security deposit.
I'd ask them about that.
$492/mo. using .00092 MF
Ask for the adjusted CAP cost, and verify the money factor.
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$5000 option allowance
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Offer received: 2016 BMW 5 Series 550i
MSRP: $81,920
Dealer Discount: $5,420
Option Allowance: $5,000
Price: $71,500
Wheel Locks: $135
Vehicle Selling Price: $71,635
Sales Tax (Seattle/WA, estimate): $7,020.23
Tag/Registration Fees (estimate): $400
Documentation Fee: $150
Balance Due (Estimate): $79,205.23
Lease Option: 36 months/10k miles
MF: 0.00154 (they brought it down from 0.00174, even though it's 0.00134 now and wont budge)
Cash Due: $2500
Monthly Payment: $938
Does this seem fair/a good deal?? I didn't see an Acquisition fee quoted?
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html
So, to your deal.
The numbers shown are not right - WA taxes the monthly payment on a lease, so the $7000 is irrelevant.
Ask the dealer what the adjusted cap cost is, and how they got to that number from the selling price.
Next, ask them what the $2500 up front covers. You only want to pay the first payment and DMV costs at that point - roll everything else, including the $925 acquisition fee, into the lease payment.
Then, we'll have some numbers to work with.
Dealers are starting to wise up on the MF - you can get either the base MF or a big discount from sticker, but not often both.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
No mileage allowance lower than 10K for the 5-series.
So far as discounting goes, you're probably best reading the last page or two of this thread and see what others have negotiated.
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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
$5000 option allowance.
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$5000 option allowance
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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
Is it $5000 due at signing? Or, $5000 plus tax, title, license, fees, etc?
What state and tax rate?
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$5000 option credit.
You should be able to negotiate at least 7% off + the $5000.
That would take you down to $48,940. Add the $925 acquisition fee, and your CAP cost is $49,865.
That's $563/mo, with 1st payment, tax, title, registration due at signing. (not $5000 + those items, just 1st payment + those items). There is no reason to put a big block of cash upfront.
If you shop around and bargain hard, you might be able to do better than that. The new 2017 5-Series just hit the lot, and diesels are getting to be a hard sell, after the VW fiasco.
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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
Do you live in Cook County? If so, the total lease tax burden is something like 17.5% (state + county).
.00134 and 57%.
$5000 option allowance.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Either:
1) they are marking up the MF, or
2) the adjusted cap cost is higher than the selling price
Ask them for those numbers and see what they say.
And, I wouldn't believe them that it's a $1 deal for the dealership.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Does this sound realistic to you?
Thanks.
I'd be more aggressive on price. Can't hurt to ask.
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Any thoughts on how to locate one? I have run out of google searches!
Thanks again.
My present dealer has a 535 with a MSRP of $64,795. They are offering an additional $5k off, beyond the corporate $5k. Unfortunately it does not have the options I desire.
Am I insane?
Thanks.
LEASE TERMS: 36 MONTHS
MSRP:$56,045
SELL PRICE: $42,495
MSRP SAVINGS: $13,550 [$7,050 OFF (12.6%) + $5,000 OPTION CREDIT + $1,500 CORP FLEET]
CAP COST: $43,500 [$42,495 FINAL PRICE + $925 ACQUISITION + $80 DOC]
CAP RED: $0 ZERO DOWN PAYMENT
ADJ CAP COST: $43,500
RV: [10K - $32,506.10 (58%)] [12K - $31,945.65 (57%)] [15K - $30,824.75 (55%)]
MF: 0.00065 [0.00134 BASE - 0.00049 MSD - 0.0002 CORP FLEET]
DEPRECIATION: [10K - $10,993.90] [12K - $11,554.35] [15K - $12,675.25]
RENT CHARGE: [10K - $1,778.54] [12K - $ 1,765.43] [15K - $1,739.20]
BASE PAYMENT: [10K - $354.79] [12K - $369.99] [15K - $400.40]
SALES TAX: [10K - $27.50] [12K - $28.67] [15K - $31.03] CA 7.75%
TOTAL PAYMENT: [10K - $382.29] [12K - $398.66] [15K - $431.43]
I ENDED UP CHOOSING THE 12K OPTION FOR A MONTHLY PAYMENT OF $398.66
MY GOAL: TO LEASE A 5 SERIES WITH A MONTHLY PAYMENT UNDER $400 WITH ZERO DOWN
BY NOT CHOOSING THE 15K OPTION I AVOIDED PAYING $3,150 MSD INSTEAD
THE MONTHLY PAYMENT REPRESENTED 0.71% OF THE MSRP AND MET MY REQUIREMENT TO BE BELOW 0.75% OF THE MSRP
TOTAL DRIVE OFF: $3,611.66 [$398.66 FIRST MONTH + $2,800 MSD + $413 DMV FEES]
I WOULD LIKE TO THANK KYFDX AND MICHAELL TAKING THE TIME TO POST MF'S AND RV'S ACROSS ALL MAKES AND MODELS. THIS HAS HELPED ME IMMENSELY CRUNCHING THE NUMBERS TOGETHER ON A SPREADSHEET TO DETERMINE WHICH VEHICLES OFFERED THE BEST LEASES FOR THE MONTH.
THE NICE THING ABOUT THIS DEAL IS I SPENT LESS THAN 15 MINUTES TALKING TO THE INTERNET MANAGER OVER THE PHONE AND ANOTHER HOUR SIGNING DOCUMENTATION
EXTREMELY HAPPY WITH THE VEHICLE AND CAN'T WAIT TO DRIVE THIS TO LAS VEGAS
WAITING FOR THE RIGHT OPPORTUNITY THIS YEAR TO HOPEFULLY SCORE A GREAT DEAL LIKE THIS ON A MERCEDES OR BMW SUV
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4