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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
1) DO NOT PUT MONEY DOWN ON CAR. Leases are optimum for benefiting you on the risk you total or severely destroy the vehicle. That is cash you'll never see back.
2) INSTEAD: Pay down security deposits to reduce Money Factor. For every monthly payment, they take off a certain amount of points. Last I saw, it was like 0.0004 per payment. This is completely refundable upon completion of lease and if you turn in early or total your vehicle you receive this cash back.
The question is, does time value money affect your upfront cost vs. your interest accrued?
If the MF isn't marked up, then the adjusted cap cost the dealer is using is different from what you've provided us.
The math doesn't lie.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I was considering swapping my Audi S3 lease for a Premium Plus S5 Sportback for 36/10. I stopped by a dealer near the Los Angeles area to see what they could offer and here's what they offered.
The dealer will take on remaining 7 Payments on S3 Lease (totaling $4,512)
New Lease details:
Term: 36/10
S5 SB Premium Plus MSRP: $64,625.00
Drive off: $4K
Monthly: $740 + Tax (payment also includes Audi Care)
The residual and MF they claim to have used: 65% & .00175
Now, I do want to get out of my S3 lease and I thought considering they are taking on remaining 7 payments, I think this deal isn't bad. What do you think sir?
Thanks
There are no defined pull ahead programs, so I'd be concerned that the $4512 is being rolled into the new lease.
.00175 and 64% - 65% with AudiCare
Most importantly - what is the selling price of the S5?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thanks for getting back to me. Let me see if I can get those specifics from them. Is there no way you can work backward to figure if deal is ok considering lease swap? I am certain they may have rolled a small portion of it in my lease, but I am ok with it as long as it was slight. but definitely not that full amount.
Thanks
If they don't want to be transparent with the numbers, that should tell you something ....
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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Need to know if this is a good quote for a P+ 10k miles 36 months
$63,575msrp
$975 dest
$64,550
$62,797 sale price
$895 acquisition
$63,692 gross cap cost
$63,142 net cap cost
$41,434 residual (64%)
MF .0023
$2,615 upfront ($904 license, $150 doc, $959 first payment incl tax, $600 cap reduction inc tax)
$865 payment or $959 incl 10.8% sales tax
I am thinking I would go back with MF at .00175 which would bring payment to $787.86+tax.
Thoughts??
I don't see how the base MF brings the pre-tax payment to your number - I'm at $805/mo
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Then, start shopping other dealers ....
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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
New Jersey Area
36/10
Need MF and RV.
Thanks!
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Edmunds Moderator
Miami Area
42/7.5k
Need MF and RV.
Thanks
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I'm new to the Lease world but have done basic reading here before asking you experts questions.
I'm looking into a 2018 s5 Sportback Prestige with S Sport Package here in Florida (36 month, 12k).
I was wondering if the Residual and MF varies within the state or consistent across the whole state ? If it varies, could someone provide me the info for Orlando, Jax and Miami ?
Thanks very much
-Tony
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TIA!
What are your thoughts on 42 month leases vs 36 month leases ?
One particular dealer got back to me on a S5 sportback Prestige with S sport, Driver Assistance Packages for 765/month, 42 month/12k with 3000 down.
MSRP is listed at 68,900 (he previously suggested the RV to be 61 %, MF 0.003) but I knew this was an inflated MF. Your thoughts on the above would be appreciated. I intend to still try to get to ZERO down. Thanks very much.
$68900 MSRP selling for 60295.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
With those prices, $695/mo plus tax
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
DC, I believe, taxes the monthly payment.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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.00188 and 60%
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Then, engage with multiple dealers.
Not sure how to counter the "popular" argument. The dealers aren't wrong.
Best bet is to wait for all the early adopters to get their cars, then try to make a deal.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Car has now arrived and dealer is offering 2.99% for finance for top credit and the following for lease:
36m/10k: MF .00195 and 64% residual (assuming $5k down)
36m/12l: MF .00195 and 63% residual (assuming $5k down)
The MF seems very high (comes to 4.7% interest rate). Also, would MF change if down payment is higher/lower?
Any advice on whether I'm getting a good deal?
Politely tell them you won't sign a deal unless you get the base rate. They know what it is.
And, we don't suggest any money up front beyond the first payment and registration costs. It doesn't impact the MF, either way.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Also, is there a $895 credit acquisition fee? Does that apply to both finance and lease?
Finally, does Pennsylvania charge tax on the entire ca price? This seems to affect the lease calculations shown on Edmunds.
PA taxes the monthly payment, but there is a 3% surcharge for leases - effective tax rate is either 9% or 10%
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Why is it recommended not to do any down payment with lease?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
36m/10k: 64% residual
36m/12l: 63% residual
Dealers aren't permitted to alter the residual.
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36/10
36/7.5
Also, dealer is quoting .00180 MF (did it go up in Oct?) Wasn’t it .00175?
Finally, when I leased my last S4, I was able to prepay Maint/Service and the residual
went up making it almost a no brainer. Is that stilll an option?
I told them the only money I was willing to put down was the tax,tag, and title but assume they include the first month’s payment in the 1757 number and maybe an acquisition fee as our sales tax in SC is capped. This is supposed to be for a 7500/yr lease but I calculated a payment of $684.60 on a $10k lease based on this deal. Wanted your thoughts before I challenge their numbers.