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$2500 lease incentives
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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 / 2014 MINI Countryman S ALL4
$2500 lease incentives
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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 / 2014 MINI Countryman S ALL4
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; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '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 / 2014 MINI Countryman S ALL4
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 / 2014 MINI Countryman S ALL4
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 / 2014 MINI Countryman S ALL4
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 / 2014 MINI Countryman S ALL4
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; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '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; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '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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MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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 / 2014 MINI Countryman S ALL4
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 / 2014 MINI Countryman S ALL4
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.