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2018 volvo v90 xc lease
Looking for input on some lease numbers from a dealer in MA on a 2018 V90 XC T5 Momentum.
MSPR is approx $55k. Sales prices was $45k ($6k was from rebates the rest was dealer discount) MF was .00066 and residual value was 49%. I was quoted $470/mo for 39/mo 15k/yr with $5k down. Don't like the $5k down.....thoughts?
MSPR is approx $55k. Sales prices was $45k ($6k was from rebates the rest was dealer discount) MF was .00066 and residual value was 49%. I was quoted $470/mo for 39/mo 15k/yr with $5k down. Don't like the $5k down.....thoughts?
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Answers
$500 HSE Allowance
To get a pre-tax payment of $442/mo., the adjusted CAP would have to be about $42,400.
If $5K is the total amount due at signing, then the added costs are about $2400.
$470 first payment
$695 acquisition fee
$500 dealer/DMV fees (est)
$600 upfront tax on rebates, cap reduction, acq.fee (est)
Thats $2275, which isn't far off the extra $2400 we are looking for. (of course, some of that was estimated)
The money factor is marked up by .00020, which adds about $16/mo. to the payment.
Get the base money factor and reduce the upfront money to $1500, and the monthly payment will be about $551/mo, tax included (vs. $470 with $5000 upfront and marked up money factor).
That's with no other changes in the deal.
Not a bad payment for a $55K MSRP vehicle.
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I did notice that a few dealers in the area had an even greater price drop to about $11-12k under MSRP which includes the $6k in rebates. I think dealers have over allocated these vehicles and they're going stale.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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