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Wondering if I could get an idea of a payment for the for the below Pacifica with the MSRP being 35,530 and adjusted cap is 28,900. With no money down they are reporting 440/month? Seems high based on my other research but hoping to get an opinion. Any insight is always appreciated. Thank You!!
cway77 said: Hello, looking for the residual and MF for an 18 Touring Plus with the zip of 54935 WI. Looking at a 12/36 mile lease. Thanks in advance!!
Wondering if I could get an idea of a payment for the for the below Pacifica with the MSRP being 35,530 and adjusted cap is 28,900. With no money down they are reporting 440/month? Seems high based on my other research but hoping to get an opinion. Any insight is always appreciated. Thank You!!
cway77 said: Hello, looking for the residual and MF for an 18 Touring Plus with the zip of 54935 WI. Looking at a 12/36 mile lease. Thanks in advance!!
.00072 and 49% $2500 lease incentives
I get $353/mo.+tax. I wonder if they are using Chrysler Capital. That looks like a bigger discount than I would expect, unless it's a 3rd party lease.
Good evening! Looking for the residual and MF and current incentives for an 18 Limited in the Charlotte, NC area (zip 28269). Looking at a 12/36 mile lease. Thanks in advance!!
Good evening! Looking for the residual and MF and current incentives for an 18 Limited in the Charlotte, NC area (zip 28269). Looking at a 12/36 mile lease. Thanks in advance!!
15000 miles per year, 36 payments of $429.92 with $1058.17 due USING SUPPLIER PIN NUMBER
The Limited was $441 with $1309 due
44280 is my zip code
good deal?
With tax or without? What was the MSRP on limited?
We got a limited with Uconnect theater, advanced safety tech and 20 speaker Harmon Kardon for 438+ tax with only 1st payment due at signing on 36/15k.
We ended getting a 2018 Pacifica limited, quick package 27p - no entertainment in the rear. Leased for 36months /15k a year . Paying $425 a month out the door - $0 down... had to pay first month up front
Back again... My wife is set on the copper pearl coat color and none in the area at the moment.
Limited 36/15 in New Jersey. Can someone assist with the July MF & residual numbers?
Thanks again all! We'll find the right car soon (I hope).
.00011 and 52%
$2500 lease incentives
Hi @Michaell what is the lease incentive? To customer or to dealer? Trying to figure out if it is taxed or not. not sure if you know this answer, but is conquest money ($1k) stackable with this? I'm thinking yes.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
I need some help please, I went to 2 dealers in Arizona today and both insist that there is no way for them or Chrysler Financial to apply the $7500 Federal credit towards the cap reduction, I know that is not true based on the comments on this thread, what can I do or who can I ask them to call to get this figured out? Anyone successful with a dealer in AZ with a lease on the Hybrid and made this work?
You are not buying the car; the bank is. And, the tax credit is lower for leasing than buying.
I disagree with this statement, from my past experience with a Leaf. With the leaf, I got 100% of the federal tax credit as a rebate against the capitalized cost. Not sure if this is dealer or state specific, but I'm looking at the lease agreement now that shows it. I also know several other people in my circle of friends that did this with the Leaf.
I checked the federal website and the Chrysler Pacifica definitely qualifies for the full $7500. What am I missing here?
Okay, a buddy of mine put me onto this group, and looks like the topic is exactly what I was looking to understand. I would appreciate any info someone can provide.
I live in Atlanta (zip 30319) and I got a quote for a 36 mo / 12k mi lease today for a Chrysler Pacifica Hybrid Touring Plus. The quoted price was $41,785. They offered $2k in rebates, and I offered to put $4k down. The quoted monthly lease rate was $724.37 !!!
I know this is horrible, so I started looking into why. The money factor (MF) on the quote was 0.00209 (or around 5% APR). That seems to be reasonable based on another thread, but it seems to be high given the other posts in this thread (0.00005 - 0.00011).
What is crazy is the residual value. They stated the residual value would be $17,967.55 at the end of 36 mo, which would be 43% of the original value. It looks like most other people on this forum state the RV % should be between 49-55%, depending on the model.
Is there someone that has the MF and RV % for the Atlanta area for July? I would like to go back and have another chat with these dudes to show them the folly of their ways.
Okay, a buddy of mine put me onto this group, and looks like the topic is exactly what I was looking to understand. I would appreciate any info someone can provide.
I live in Atlanta (zip 30319) and I got a quote for a 36 mo / 12k mi lease today for a Chrysler Pacifica Hybrid Touring Plus. The quoted price was $41,785. They offered $2k in rebates, and I offered to put $4k down. The quoted monthly lease rate was $724.37 !!!
I know this is horrible, so I started looking into why. The money factor (MF) on the quote was 0.00209 (or around 5% APR). That seems to be reasonable based on another thread, but it seems to be high given the other posts in this thread (0.00005 - 0.00011).
What is crazy is the residual value. They stated the residual value would be $17,967.55 at the end of 36 mo, which would be 43% of the original value. It looks like most other people on this forum state the RV % should be between 49-55%, depending on the model.
Is there someone that has the MF and RV % for the Atlanta area for July? I would like to go back and have another chat with these dudes to show them the folly of their ways.
I need some help please, I went to 2 dealers in Arizona today and both insist that there is no way for them or Chrysler Financial to apply the $7500 Federal credit towards the cap reduction, I know that is not true based on the comments on this thread, what can I do or who can I ask them to call to get this figured out? Anyone successful with a dealer in AZ with a lease on the Hybrid and made this work?
You are not buying the car; the bank is. And, the tax credit is lower for leasing than buying.
I disagree with this statement, from my past experience with a Leaf. With the leaf, I got 100% of the federal tax credit as a rebate against the capitalized cost. Not sure if this is dealer or state specific, but I'm looking at the lease agreement now that shows it. I also know several other people in my circle of friends that did this with the Leaf.
I checked the federal website and the Chrysler Pacifica definitely qualifies for the full $7500. What am I missing here?
It's up to the manufacturers as to how to provide incentives for hybrids. Nissan offered big lease cash, but a very low residual (30's, IIRC). You didn't get the tax credit; you got an incentive equal to the size of the credit, from the bank.
Chrysler decided to bump up the residual and provide smaller incentives (if any - we don't have that information).
Bottom line - you don't qualify for the tax credit when you lease.
Back again... My wife is set on the copper pearl coat color and none in the area at the moment.
Limited 36/15 in New Jersey. Can someone assist with the July MF & residual numbers?
Thanks again all! We'll find the right car soon (I hope).
.00011 and 52% $2500 lease incentives
Hi @Michaell what is the lease incentive? To customer or to dealer? Trying to figure out if it is taxed or not. not sure if you know this answer, but is conquest money ($1k) stackable with this? I'm thinking yes.
It's actually two different incentives
$2000 lease cash - I believe this is a dealer incentive $500 bonus cash - customer incentive
I need some help please, I went to 2 dealers in Arizona today and both insist that there is no way for them or Chrysler Financial to apply the $7500 Federal credit towards the cap reduction, I know that is not true based on the comments on this thread, what can I do or who can I ask them to call to get this figured out? Anyone successful with a dealer in AZ with a lease on the Hybrid and made this work?
You are not buying the car; the bank is. And, the tax credit is lower for leasing than buying.
I disagree with this statement, from my past experience with a Leaf. With the leaf, I got 100% of the federal tax credit as a rebate against the capitalized cost. Not sure if this is dealer or state specific, but I'm looking at the lease agreement now that shows it. I also know several other people in my circle of friends that did this with the Leaf.
I checked the federal website and the Chrysler Pacifica definitely qualifies for the full $7500. What am I missing here?
Even though Nissan provided you with a $7500 rebate, it's just coincidental that it is the same amount as the Federal tax credit on a purchase. (well... advertising matters, too). The actual tax credit to Nissan Finance is less than that, on a leased vehicle. BMW did the same thing with the i3.. $7500 rebate, even though their actual tax credit was less.
To be clear... you received a rebate, not a tax credit. And, that doesn't have to necessarily match the actual amount of the tax credit.
This letter here shows that FCA is offering the $7500 as a federal tax credit in the form of cap reduction for a lease, the trouble is finding a dealer that would do it, then when you do they hit you with a crazy MF which makes not worth it. I am still trying to get a decent lease on a Hubrid limited but no luck.
I need some help please, I went to 2 dealers in Arizona today and both insist that there is no way for them or Chrysler Financial to apply the $7500 Federal credit towards the cap reduction, I know that is not true based on the comments on this thread, what can I do or who can I ask them to call to get this figured out? Anyone successful with a dealer in AZ with a lease on the Hybrid and made this work?
You are not buying the car; the bank is. And, the tax credit is lower for leasing than buying.
I disagree with this statement, from my past experience with a Leaf. With the leaf, I got 100% of the federal tax credit as a rebate against the capitalized cost. Not sure if this is dealer or state specific, but I'm looking at the lease agreement now that shows it. I also know several other people in my circle of friends that did this with the Leaf.
I checked the federal website and the Chrysler Pacifica definitely qualifies for the full $7500. What am I missing here?
Even though Nissan provided you with a $7500 rebate, it's just coincidental that it is the same amount as the Federal tax credit on a purchase. (well... advertising matters, too). The actual tax credit to Nissan Finance is less than that, on a leased vehicle.
BMW did the same thing with the i3.. $7500 rebate, even though their actual tax credit was less.
To be clear... you received a rebate, not a tax credit. And, that doesn't have to necessarily match the actual amount of the tax credit.
Fair enough. I realize it was money shifting between bank, dealer, and me, because it wasn’t in my taxes. However, it appears Chrysler sent a letter to dealers on how to claim the credit from the bank on a lease. If they don’t pass that along, that is pure profit for them. Seems a bit shady, considering the federal credit is so well known.
I need some help please, I went to 2 dealers in Arizona today and both insist that there is no way for them or Chrysler Financial to apply the $7500 Federal credit towards the cap reduction, I know that is not true based on the comments on this thread, what can I do or who can I ask them to call to get this figured out? Anyone successful with a dealer in AZ with a lease on the Hybrid and made this work?
You are not buying the car; the bank is. And, the tax credit is lower for leasing than buying.
I disagree with this statement, from my past experience with a Leaf. With the leaf, I got 100% of the federal tax credit as a rebate against the capitalized cost. Not sure if this is dealer or state specific, but I'm looking at the lease agreement now that shows it. I also know several other people in my circle of friends that did this with the Leaf.
I checked the federal website and the Chrysler Pacifica definitely qualifies for the full $7500. What am I missing here?
It's up to the manufacturers as to how to provide incentives for hybrids. Nissan offered big lease cash, but a very low residual (30's, IIRC). You didn't get the tax credit; you got an incentive equal to the size of the credit, from the bank.
Chrysler decided to bump up the residual and provide smaller incentives (if any - we don't have that information).
Bottom line - you don't qualify for the tax credit when you lease.
I need some help please, I went to 2 dealers in Arizona today and both insist that there is no way for them or Chrysler Financial to apply the $7500 Federal credit towards the cap reduction, I know that is not true based on the comments on this thread, what can I do or who can I ask them to call to get this figured out? Anyone successful with a dealer in AZ with a lease on the Hybrid and made this work?
You are not buying the car; the bank is. And, the tax credit is lower for leasing than buying.
I disagree with this statement, from my past experience with a Leaf. With the leaf, I got 100% of the federal tax credit as a rebate against the capitalized cost. Not sure if this is dealer or state specific, but I'm looking at the lease agreement now that shows it. I also know several other people in my circle of friends that did this with the Leaf.
I checked the federal website and the Chrysler Pacifica definitely qualifies for the full $7500. What am I missing here?
It's up to the manufacturers as to how to provide incentives for hybrids. Nissan offered big lease cash, but a very low residual (30's, IIRC). You didn't get the tax credit; you got an incentive equal to the size of the credit, from the bank.
Chrysler decided to bump up the residual and provide smaller incentives (if any - we don't have that information).
Bottom line - you don't qualify for the tax credit when you lease.
I need some help please, I went to 2 dealers in Arizona today and both insist that there is no way for them or Chrysler Financial to apply the $7500 Federal credit towards the cap reduction, I know that is not true based on the comments on this thread, what can I do or who can I ask them to call to get this figured out? Anyone successful with a dealer in AZ with a lease on the Hybrid and made this work?
You are not buying the car; the bank is. And, the tax credit is lower for leasing than buying.
I disagree with this statement, from my past experience with a Leaf. With the leaf, I got 100% of the federal tax credit as a rebate against the capitalized cost. Not sure if this is dealer or state specific, but I'm looking at the lease agreement now that shows it. I also know several other people in my circle of friends that did this with the Leaf.
I checked the federal website and the Chrysler Pacifica definitely qualifies for the full $7500. What am I missing here?
It's up to the manufacturers as to how to provide incentives for hybrids. Nissan offered big lease cash, but a very low residual (30's, IIRC). You didn't get the tax credit; you got an incentive equal to the size of the credit, from the bank.
Chrysler decided to bump up the residual and provide smaller incentives (if any - we don't have that information).
Bottom line - you don't qualify for the tax credit when you lease.
Fair enough. I realize it was money shifting between bank, dealer, and me, because it wasn’t in my taxes. However, it appears Chrysler sent a letter to dealers on how to claim the credit from the bank on a lease. If they don’t pass that along, that is pure profit for them. Seems a bit shady, considtering the federal credit is so well known. I wish the dealers I spoke with would just say they don’t offer it and not try to say that I have to claim it on my taxes. That’s just wrong. Thanks so much for the info.
I need some help please, I went to 2 dealers in Arizona today and both insist that there is no way for them or Chrysler Financial to apply the $7500 Federal credit towards the cap reduction, I know that is not true based on the comments on this thread, what can I do or who can I ask them to call to get this figured out? Anyone successful with a dealer in AZ with a lease on the Hybrid and made this work?
You are not buying the car; the bank is. And, the tax credit is lower for leasing than buying.
I disagree with this statement, from my past experience with a Leaf. With the leaf, I got 100% of the federal tax credit as a rebate against the capitalized cost. Not sure if this is dealer or state specific, but I'm looking at the lease agreement now that shows it. I also know several other people in my circle of friends that did this with the Leaf.
I checked the federal website and the Chrysler Pacifica definitely qualifies for the full $7500. What am I missing here?
It's up to the manufacturers as to how to provide incentives for hybrids. Nissan offered big lease cash, but a very low residual (30's, IIRC). You didn't get the tax credit; you got an incentive equal to the size of the credit, from the bank.
Chrysler decided to bump up the residual and provide smaller incentives (if any - we don't have that information).
Bottom line - you don't qualify for the tax credit when you lease.
I need some help please, I went to 2 dealers in Arizona today and both insist that there is no way for them or Chrysler Financial to apply the $7500 Federal credit towards the cap reduction, I know that is not true based on the comments on this thread, what can I do or who can I ask them to call to get this figured out? Anyone successful with a dealer in AZ with a lease on the Hybrid and made this work?
You are not buying the car; the bank is. And, the tax credit is lower for leasing than buying.
I disagree with this statement, from my past experience with a Leaf. With the leaf, I got 100% of the federal tax credit as a rebate against the capitalized cost. Not sure if this is dealer or state specific, but I'm looking at the lease agreement now that shows it. I also know several other people in my circle of friends that did this with the Leaf.
I checked the federal website and the Chrysler Pacifica definitely qualifies for the full $7500. What am I missing here?
It's up to the manufacturers as to how to provide incentives for hybrids. Nissan offered big lease cash, but a very low residual (30's, IIRC). You didn't get the tax credit; you got an incentive equal to the size of the credit, from the bank.
Chrysler decided to bump up the residual and provide smaller incentives (if any - we don't have that information).
Bottom line - you don't qualify for the tax credit when you lease.
I need some help please, I went to 2 dealers in Arizona today and both insist that there is no way for them or Chrysler Financial to apply the $7500 Federal credit towards the cap reduction, I know that is not true based on the comments on this thread, what can I do or who can I ask them to call to get this figured out? Anyone successful with a dealer in AZ with a lease on the Hybrid and made this work?
You are not buying the car; the bank is. And, the tax credit is lower for leasing than buying.
I disagree with this statement, from my past experience with a Leaf. With the leaf, I got 100% of the federal tax credit as a rebate against the capitalized cost. Not sure if this is dealer or state specific, but I'm looking at the lease agreement now that shows it. I also know several other people in my circle of friends that did this with the Leaf.
I checked the federal website and the Chrysler Pacifica definitely qualifies for the full $7500. What am I missing here?
It's up to the manufacturers as to how to provide incentives for hybrids. Nissan offered big lease cash, but a very low residual (30's, IIRC). You didn't get the tax credit; you got an incentive equal to the size of the credit, from the bank.
Chrysler decided to bump up the residual and provide smaller incentives (if any - we don't have that information).
Bottom line - you don't qualify for the tax credit when you lease.
Fair enough. I realize it was money shifting between bank, dealer, and me, because it wasn’t in my taxes. However, it appears Chrysler sent a letter to dealers on how to claim the credit from the bank on a lease. If they don’t pass that along, that is pure profit for them. Seems a bit shady, considtering the federal credit is so well known. I wish the dealers I spoke with would just say they don’t offer it and not try to say that I have to claim it on my taxes. That’s just wrong. Thanks so much for the info.
Any factory to dealer incentive belongs to the dealer. Their choice whether to pass it along, in whole or in part, to the customer. Most do, but there are exceptions.
And, don't underestimate the lack of knowledge of the buying public when it comes to incentives.
Meeting with a dealer tomorrow. Would like to know the current MF and Residual value of Touring L, 36mo/12k zip code 33027 (Miami/Ft.Lauderdale area). Thanks.
Got a deal working using Preferred Pricing through work on an 18 Pacifica Limited. 36 month lease 12k per year. All calculations are directly from the Lease Worksheet.
$ 417 - 1st month payment $ 3500 - total rebates $ 4500 - trade value (no payoff) $ 4000 - total trade ACV $ 520.61 - amount applied upfront $7909.31 - total cap cost reduction $39720.61 - net cap cost
Residual Calculations
$49425 MSRP 54% residual $26689.50 Residual Amount 12k mileage per year
Payment Calculations
36 month term .00065 money factor .00065 buy factor # of advance payments -1 $417.30 - advanced payment $7909.39 - total cap coat $ 103.31 - Upfront Charges $8430.00 - Initial Payment
Equity Allocation
$405.15 Base Monthly 12.15 Tax Monthly $417.30 total monthly
Last line shows a gross payable of -$908.75 (a negative number). The dealer explained that is their “loss” on the vehicle prior to their sales incentives etc.
We feel like we are putting too much down compared to other deals we’ve seen on here and just need to figure out if we are getting a good deal so we can pull the trigger on this (or not).
Any/all feedback or assistance would be GREATLY appreciated!!
so are you not getting any money back for your trade? And why does it say the value is $4500 but ACV (actual cash value?) is $4k? If you are actually putting down $5k up front ($4k trade plus $930 cash??), and still paying $417/mo, that is an awful deal.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Meeting with a dealer tomorrow. Would like to know the current MF and Residual value of Touring L, 36mo/12k zip code 33027 (Miami/Ft.Lauderdale area). Thanks.
No money back for the trade. They valued the trade at $4500, but not sure why the ACV is $4000. 1st month due at signing, not sure where the $930 came from.
i thought the same thing, and I said it to the dealer. I think that is WAY too much down to be paying $417 per mo.
I thought I could probably get close to that # if they used the rebates as the cap cost, but he wasn’t having it...
First lease in like 20 years, so I am totally out of the loop as to how it works now, but something didn’t seem right about this deal for sure.
Got a deal working using Preferred Pricing through work on an 18 Pacifica Limited. 36 month lease 12k per year. All calculations are directly from the Lease Worksheet.
$ 417 - 1st month payment $ 3500 - total rebates $ 4500 - trade value (no payoff) $ 4000 - total trade ACV $ 520.61 - amount applied upfront $7909.31 - total cap cost reduction $39720.61 - net cap cost
Residual Calculations
$49425 MSRP 54% residual $26689.50 Residual Amount 12k mileage per year
Payment Calculations
36 month term .00065 money factor .00065 buy factor # of advance payments -1 $417.30 - advanced payment $7909.39 - total cap coat $ 103.31 - Upfront Charges $8430.00 - Initial Payment
Equity Allocation
$405.15 Base Monthly 12.15 Tax Monthly $417.30 total monthly
Last line shows a gross payable of -$908.75 (a negative number). The dealer explained that is their “loss” on the vehicle prior to their sales incentives etc.
We feel like we are putting too much down compared to other deals we’ve seen on here and just need to figure out if we are getting a good deal so we can pull the trigger on this (or not).
Any/all feedback or assistance would be GREATLY appreciated!!
Thanks in advance!
The ACV value is informational for them (like the negative gross), and doesn't affect your deal. They are giving you $4500 for the trade.
I show .00011 MF and 54% residual, through Chrysler Capital $2500 incentive.
Do you know which leasing bank this quote is for?
3% tax on cars in NC, right? If so, the calculations are correct. $4500 is a lot to put upfront on a lease. If we amortize the extra $4088 over the 36 months, your effective payment is about $530/mo.
Not terrible for a $49K MSRP vehicle, but not great for a Pacifica, I don't think.
If this is a Chrysler Capital lease, and they are marking up the money factor, that is adding about $37/mo. to the payment. I'm not clear on that, though.
The finance guy claims to have run it through three different options to get the best one but I’m not sure if CC was one of them. I suspect that the dealer put it with the bank who might be giving them a bigger kick back hence the higher money factor, but I am investigating that now I’m going to asked him to show me the numbers running it through Chrysler.
If the payment is $37 a month cheaper, is that a good deal? I’m even comfortable leaving the payment where it is and having them give me cash back on the trade, but I’m sure they would rather not do that.
The finance guy claims to have run it through three different options to get the best one but I’m not sure if CC was one of them. I suspect that the dealer put it with the bank who might be giving them a bigger kick back hence the higher money factor, but I am investigating that now I’m going to asked him to show me the numbers running it through Chrysler.
If the payment is $37 a month cheaper, is that a good deal? I’m even comfortable leaving the payment where it is and having them give me cash back on the trade, but I’m sure they would rather not do that.
The trade doesn't matter to them - it only matters to you, as it would lower the payment.
Why would you not go with the lower payment, all else being equal?
The lower payment appeals to me for sure, and obviously I would prefer to pay less than more, just trying to make sure I am getting the right price. Feels like I am putting a lot out of pocket to get to the price per month given some of the posts I have seen on here.
The lower payment appeals to me for sure, and obviously I would prefer to pay less than more, just trying to make sure I am getting the right price. Feels like I am putting a lot out of pocket to get to the price per month given some of the posts I have seen on here.
You should try and beat preferred pricing. I had it, but didn't use it. My dealer offered a $5320 discount on a $49320 MSRP.
The lower payment appeals to me for sure, and obviously I would prefer to pay less than more, just trying to make sure I am getting the right price. Feels like I am putting a lot out of pocket to get to the price per month given some of the posts I have seen on here.
I leased a $50K Limited last month, 1st payment only, 36/15K for $499 per month. You should be able to do the same. However, I did own a competitive vehicle (Sienna) so I received that incentive. I see an earlier post for $49K @ $490 per month so the deals are still out there.
I presented the same deal to several dealers. Most never responded. Some said that I need to come in to the dealership (don't). One said my offer was "impossible". And one finally said "yes".
Do you have a number of dealers close by that you can e-mail? Also Google "Bonus Drive" and see if you qualify.
The lower payment appeals to me for sure, and obviously I would prefer to pay less than more, just trying to make sure I am getting the right price. Feels like I am putting a lot out of pocket to get to the price per month given some of the posts I have seen on here.
You want the up front cash to be just the first payment and any state mandated registration costs.
To level the playing field, tell the dealers you want quotes with only $1000 out of pocket - any term. That way, you can compare apples to apples.
I got them to go with Chrysler Credit and that fixed the numbers. Payments will be $390ish or a bit less depending on if we do the dealerships car car plan. Your lease has 15k vs our 12k, but is roughly $100 less a month. So I think I could take the trade money out and be in roughly the same position, give or take.
At the end of the day, my wife is getting the exact vehicle she wanted, so things could be worse.
I got them to go with Chrysler Credit and that fixed the numbers. Payments will be $390ish or a bit less depending on if we do the dealerships car car plan. Your lease has 15k vs our 12k, but is roughly $100 less a month. So I think I could take the trade money out and be in roughly the same position, give or take.
At the end of the day, my wife is getting the exact vehicle she wanted, so things could be worse.
At the end of the day, isn't that all that really matters?
Im in S Florida. Got an ‘18 Pacifica Touring Plus with S package, DVD player and leather added for $399/mo including taxes. 12k miles/yr 36 mo lease. Only first payment at signing. MSRP is 35,475 and the bank is Ally.
Comments
$2500 lease incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
cway77 said:
Hello, looking for the residual and MF for an 18 Touring Plus with the zip of 54935 WI. Looking at a 12/36 mile lease. Thanks in advance!!
.00072 and 49%
$2500 lease incentives
$2500 lease cash
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I wonder if they are using Chrysler Capital. That looks like a bigger discount than I would expect, unless it's a 3rd party lease.
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thanks!
$2500 lease incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$2500 lease incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Touring
Touring L
Touring L plus
Limited
Zip 12205 upstate NY
thanks
Touring L - .00005 and 49%
Touring L+ - .00011 and 50%
Limited - .00011 and 54%
$2500 lease incentives on all
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Net Cap Cost is $33600.51
15000 miles per year, 36 payments of $429.92 with $1058.17 due USING SUPPLIER PIN NUMBER
The Limited was $441 with $1309 due
44280 is my zip code
good deal?
Is it a Chrysler Capital lease, or another bank?
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15k mike / 36 month
assuming through ally but was told they use Chrysler capital too
assuming through ally but was told they use Chrysler capital too
I don't have the Ally bank lease details.
Those payments look very reasonable, relative to MSRP.
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We got a limited with Uconnect theater, advanced safety tech and 20 speaker Harmon Kardon for 438+ tax with only 1st payment due at signing on 36/15k.
thanks
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Standard MF and 44% residual
If they are leasing this model, I'll guess they would use a different bank.
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We ended getting a 2018 Pacifica limited, quick package 27p - no entertainment in the rear. Leased for 36months /15k a year . Paying $425 a month out the door - $0 down... had to pay first month up front
what is the lease incentive? To customer or to dealer? Trying to figure out if it is taxed or not.
not sure if you know this answer, but is conquest money ($1k) stackable with this? I'm thinking yes.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
I checked the federal website and the Chrysler Pacifica definitely qualifies for the full $7500. What am I missing here?
I live in Atlanta (zip 30319) and I got a quote for a 36 mo / 12k mi lease today for a Chrysler Pacifica Hybrid Touring Plus. The quoted price was $41,785. They offered $2k in rebates, and I offered to put $4k down. The quoted monthly lease rate was $724.37 !!!
I know this is horrible, so I started looking into why. The money factor (MF) on the quote was 0.00209 (or around 5% APR). That seems to be reasonable based on another thread, but it seems to be high given the other posts in this thread (0.00005 - 0.00011).
What is crazy is the residual value. They stated the residual value would be $17,967.55 at the end of 36 mo, which would be 43% of the original value. It looks like most other people on this forum state the RV % should be between 49-55%, depending on the model.
Is there someone that has the MF and RV % for the Atlanta area for July? I would like to go back and have another chat with these dudes to show them the folly of their ways.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Chrysler decided to bump up the residual and provide smaller incentives (if any - we don't have that information).
Bottom line - you don't qualify for the tax credit when you lease.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
what is the lease incentive? To customer or to dealer? Trying to figure out if it is taxed or not.
not sure if you know this answer, but is conquest money ($1k) stackable with this? I'm thinking yes.
It's actually two different incentives
$2000 lease cash - I believe this is a dealer incentive
$500 bonus cash - customer incentive
Conquest is stackable on those.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
BMW did the same thing with the i3.. $7500 rebate, even though their actual tax credit was less.
To be clear... you received a rebate, not a tax credit. And, that doesn't have to necessarily match the actual amount of the tax credit.
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Fair enough. I realize it was money shifting between
bank, dealer, and me, because it wasn’t in my taxes. However, it appears Chrysler sent a letter to dealers
on how to claim the credit from the bank on a lease.
If they don’t pass that along, that is pure profit for
them. Seems a bit shady, considtering the federal
credit is so well known. I wish the dealers I spoke
with would just say they don’t offer it and not try to
say that I have to claim it on my taxes. That’s just
wrong. Thanks so much for the info.
I checked the federal website and the Chrysler Pacifica definitely qualifies for the full $7500. What am I missing here?
It's up to the manufacturers as to how to provide incentives for hybrids. Nissan offered big lease cash, but a very low residual (30's, IIRC). You didn't get the tax credit; you got an incentive equal to the size of the credit, from the bank.
Chrysler decided to bump up the residual and provide smaller incentives (if any - we don't have that information).
Bottom line - you don't qualify for the tax credit when you lease.
You are not buying the car; the bank is. And, the tax credit is lower for leasing than buying.
I disagree with this statement, from my past experience with a Leaf. With the leaf, I got 100% of the federal tax credit as a rebate against the capitalized cost. Not sure if this is dealer or state specific, but I'm looking at the lease agreement now that shows it. I also know several other people in my circle of friends that did this with the Leaf.
I checked the federal website and the Chrysler Pacifica definitely qualifies for the full $7500. What am I missing here?
It's up to the manufacturers as to how to provide incentives for hybrids. Nissan offered big lease cash, but a very low residual (30's, IIRC). You didn't get the tax credit; you got an incentive equal to the size of the credit, from the bank.
Chrysler decided to bump up the residual and provide smaller incentives (if any - we don't have that information).
Bottom line - you don't qualify for the tax credit when you lease. You are not buying the car; the bank is. And, the tax credit is lower for leasing than buying.
I disagree with this statement, from my past experience with a Leaf. With the leaf, I got 100% of the federal tax credit as a rebate against the capitalized cost. Not sure if this is dealer or state specific, but I'm looking at the lease agreement now that shows it. I also know several other people in my circle of friends that did this with the Leaf.
I checked the federal website and the Chrysler Pacifica definitely qualifies for the full $7500. What am I missing here?
It's up to the manufacturers as to how to provide incentives for hybrids. Nissan offered big lease cash, but a very low residual (30's, IIRC). You didn't get the tax credit; you got an incentive equal to the size of the credit, from the bank.
Chrysler decided to bump up the residual and provide smaller incentives (if any - we don't have that information).
Bottom line - you don't qualify for the tax credit when you lease.
Fair enough. I realize it was money shifting between
bank, dealer, and me, because it wasn’t in my taxes. However, it appears Chrysler sent a letter to dealers
on how to claim the credit from the bank on a lease.
If they don’t pass that along, that is pure profit for
them. Seems a bit shady, considtering the federal
credit is so well known. I wish the dealers I spoke
with would just say they don’t offer it and not try to
say that I have to claim it on my taxes. That’s just
wrong. Thanks so much for the info.
Any factory to dealer incentive belongs to the dealer. Their choice whether to pass it along, in whole or in part, to the customer. Most do, but there are exceptions.
And, don't underestimate the lack of knowledge of the buying public when it comes to incentives.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Would like to know the current MF and Residual value of Touring L, 36mo/12k zip code 33027 (Miami/Ft.Lauderdale area). Thanks.
All calculations are directly from the Lease Worksheet.
$49425 - MSRP
$46873 - selling price
$47640 - gross cap cost
Cap Cost Reduction Calulations
$ 417 - 1st month payment
$ 3500 - total rebates
$ 4500 - trade value (no payoff)
$ 4000 - total trade ACV
$ 520.61 - amount applied upfront
$7909.31 - total cap cost reduction
$39720.61 - net cap cost
Residual Calculations
$49425 MSRP
54% residual
$26689.50 Residual Amount
12k mileage per year
Payment Calculations
36 month term
.00065 money factor
.00065 buy factor
# of advance payments -1
$417.30 - advanced payment
$7909.39 - total cap coat
$ 103.31 - Upfront Charges
$8430.00 - Initial Payment
Equity Allocation
$405.15 Base Monthly
12.15 Tax Monthly
$417.30 total monthly
Last line shows a gross payable of -$908.75 (a negative number). The dealer explained that is their “loss” on the vehicle prior to their sales incentives etc.
We feel like we are putting too much down compared to other deals we’ve seen on here and just need to figure out if we are getting a good deal so we can pull the trigger on this (or not).
Any/all feedback or assistance would be GREATLY appreciated!!
Thanks in advance!
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
$3000 incentive
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1st month due at signing, not sure where the $930 came from.
i thought the same thing, and I said it to the dealer. I think that is WAY too much down to be paying $417 per mo.
I thought I could probably get close to that # if they used the rebates as the cap cost, but he wasn’t having it...
First lease in like 20 years, so I am totally out of the loop as to how it works now, but something didn’t seem right about this deal for sure.
I show .00011 MF and 54% residual, through Chrysler Capital
$2500 incentive.
Do you know which leasing bank this quote is for?
3% tax on cars in NC, right?
If so, the calculations are correct.
$4500 is a lot to put upfront on a lease.
If we amortize the extra $4088 over the 36 months, your effective payment is about $530/mo.
Not terrible for a $49K MSRP vehicle, but not great for a Pacifica, I don't think.
If this is a Chrysler Capital lease, and they are marking up the money factor, that is adding about $37/mo. to the payment. I'm not clear on that, though.
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just a couple of days ago, I was looking at a $49k Limited model for 36/15k at $490/mo with only first month due at signing.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
If the payment is $37 a month cheaper, is that a good deal? I’m even comfortable leaving the payment where it is and having them give me cash back on the trade, but I’m sure they would rather not do that.
Why would you not go with the lower payment, all else being equal?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I presented the same deal to several dealers. Most never responded. Some said that I need to come in to the dealership (don't). One said my offer was "impossible". And one finally said "yes".
Do you have a number of dealers close by that you can e-mail? Also Google "Bonus Drive" and see if you qualify.
To level the playing field, tell the dealers you want quotes with only $1000 out of pocket - any term. That way, you can compare apples to apples.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
At the end of the day, my wife is getting the exact vehicle she wanted, so things could be worse.
:laughing:
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Im in S Florida.
Got an ‘18 Pacifica Touring Plus with S package, DVD player and leather added for $399/mo including taxes. 12k miles/yr 36 mo lease. Only first payment at signing. MSRP is 35,475 and the bank is Ally.