Hello, I have a lease deal on the table but am unsure about some of these numbers. 10k miles, 36 months, Oahu, HI. MSRP 50,445.00 LEV % 59% Lease End Value 29,768.45 36 months Lease Factor .00075 Initital Cap Cost 50,445. Total we Owes 220. <-- what is this? Acq,Doc,DMV in cap 1403.50 <-- what is this? Adjusted Cap Cost 48,847.43 Base Monthly Rental 588.93 Tax Rate/Amt 4.7120% 27.75 CapTax1 Rt/Amt 4.7120% 152.25 <-- What is this? Total Monthly Payment 616.68 License fee to Cap 413.50 <-- What is this? Doc fees to Cap 295. <--What is this? Customer Cash Down 4,000.
I could use some clarity on why some of these numbers seem so high and what they are. We have since gotten the deal down to invoice price with 3,000 down and the payment is $565 with tax included but I don't have those numbers in front of me as I want to understand what I should be looking for in the above numbers. Curious if the dealer is inflating some of these fees? Also is a .00075 MF a 1.8% APR? Thank you for your help.
Hello, I have a lease deal on the table but am unsure about some of these numbers. 10k miles, 36 months, Oahu, HI. MSRP 50,445.00 LEV % 59% Lease End Value 29,768.45 36 months Lease Factor .00075 Initital Cap Cost 50,445. Total we Owes 220. Don't know Acq,Doc,DMV in cap 1403.50 Lease acquisition fee, dealer doc fee, and state registration fees. Rolled into CAP cost Adjusted Cap Cost 48,847.43 Base Monthly Rental 588.93 Tax Rate/Amt 4.7120% 27.75 CapTax1 Rt/Amt 4.7120% 152.25 Tax on the amount of your upfront money that is credited to CAP reduction. Total Monthly Payment 616.68 License fee to Cap 413.50 Both of these are part of the $1403.50 listed above. License fee goes to state to register vehicle, doc fee is a dealer fee Customer Cash Down 4,000.
I could use some clarity on why some of these numbers seem so high and what they are. We have since gotten the deal down to invoice price with 3,000 down and the payment is $565 with tax included but I don't have those numbers in front of me as I want to understand what I should be looking for in the above numbers. Curious if the dealer is inflating some of these fees? Also is a .00075 MF a 1.8% APR? Thank you for your help.
What trim? FWD or AWD?
Initial CAP cost is the same as MSRP? No discount from MSRP? This is one reason your numbers are so high.. (Okay, now I see where you've chopped $2800 off of the total lease price. You are headed in the right direction).
Thank you for clarifying some of those numbers. It is a T5 AWD Momentum. When you say $2800 off total lease price are you stating with the current deal on the table (Invoice price, 3k down, $565 w/tax) or the deal I wrote out above? I haven't asked the dealer for the invoice price just yet as we are weighing our options.
Thank you for clarifying some of those numbers. It is a T5 AWD Momentum. When you say $2800 off total lease price are you stating with the current deal on the table (Invoice price, 3k down, $565 w/tax) or the deal I wrote out above? I haven't asked the dealer for the invoice price just yet as we are weighing our options.
Yes.. $2800 overall savings from the top deal to the second deal.
Much appreciated. I do have a follow-up if you will oblige. Past driving indicates I'm going to overshoot the 12k mark, and I'm trying to determine if I'm better off paying the fee for additional mileage or going 15k. What difference would I see from a 15k mileage?
Much appreciated. I do have a follow-up if you will oblige. Past driving indicates I'm going to overshoot the 12k mark, and I'm trying to determine if I'm better off paying the fee for additional mileage or going 15k. What difference would I see from a 15k mileage?
Thanks in advance.
Subtract 2% from the residual for 15K
Always better to get the mileage allowance you need
Much appreciated. I do have a follow-up if you will oblige. Past driving indicates I'm going to overshoot the 12k mark, and I'm trying to determine if I'm better off paying the fee for additional mileage or going 15k. What difference would I see from a 15k mileage?
Thanks in advance.
If you take 12K/yr, and you know you will go over, you will sweat every extra mile that you drive.
Better to take the extra mileage, and not thing about it, again.
I am new to leasing. I would like to lease a volvo XC60 in New Jersey (zip code 08902). Lease for 36 months 10k year; T5 INSC AWD with advanced package. Can you please suggest me what I should pay as monthly payment; dealer gave a priceing as below MSRP : 54,820; Selling Price : 50,173; Residual value : 31,796; With down payment of $3500 Monthly lease payment is : 584. Is that worth it?
I am new to leasing. I would like to lease a volvo XC60 in New Jersey (zip code 08902). Lease for 36 months 10k year; T5 INSC AWD with advanced package. Can you please suggest me what I should pay as monthly payment; dealer gave a priceing as below MSRP : 54,820; Selling Price : 50,173; Residual value : 31,796; With down payment of $3500 Monthly lease payment is : 584. Is that worth it?
Comments
2018 XC60 lease thread is here:
https://forums.edmunds.com/discussion/46421/volvo/xc60/2018-volvo-xc60-lease-deals-and-prices#latest
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They are offering 56% residual and MF of .00082
How does that look?
Thanks
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36/15 ZIP 19380
.00100 and 56%
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$5002 T8 Credit
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Dealers are permitted to mark it up to $995 (and many do)
We don't know the disposition fee. (which of course, isn't collected until lease end.
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But, most banks will write higher allowances. Generally, the limit is 25K-30K/yr, and no one will write over 99K miles in total.
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I have a lease deal on the table but am unsure about some of these numbers. 10k miles, 36 months, Oahu, HI.
MSRP 50,445.00
LEV % 59%
Lease End Value 29,768.45
36 months
Lease Factor .00075
Initital Cap Cost 50,445.
Total we Owes 220. <-- what is this?
Acq,Doc,DMV in cap 1403.50 <-- what is this?
Adjusted Cap Cost 48,847.43
Base Monthly Rental 588.93
Tax Rate/Amt 4.7120% 27.75
CapTax1 Rt/Amt 4.7120% 152.25 <-- What is this?
Total Monthly Payment 616.68
License fee to Cap 413.50 <-- What is this?
Doc fees to Cap 295. <--What is this?
Customer Cash Down 4,000.
I could use some clarity on why some of these numbers seem so high and what they are. We have since gotten the deal down to invoice price with 3,000 down and the payment is $565 with tax included but I don't have those numbers in front of me as I want to understand what I should be looking for in the above numbers. Curious if the dealer is inflating some of these fees? Also is a .00075 MF a 1.8% APR? Thank you for your help.
FWD or AWD?
Initial CAP cost is the same as MSRP? No discount from MSRP?
This is one reason your numbers are so high..
(Okay, now I see where you've chopped $2800 off of the total lease price. You are headed in the right direction).
Yes, .00075 MF is roughly equivalent to 1.80% APR
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2019 VOLVO XC60 T6 INSCRIPTION
36 MONTHS
12,000 MILES
MSRP: $57399
SALE PRICE : $55725
DOWN: $3,000
TOTAL CAP REDUCTION : $1520
SALES TAX : % 7.25
MONTHLY PRICE: 794.60 A MONTH TAX INCLUDED
What are your thoughts and many thanks in advance.
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Is $3000 the total amount due at signing?
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Yes due at signing
$3000 includes first month payment, taxes, registration, doc and everything else.
I get $666/mo. plus tax.
Your quote seems very high, by comparison.
Maybe, some extra charges that you didn't list?
Do you have the adjusted CAP cost?
Ask the dealer for the money factor used (possibly marked up), and the adjusted CAP cost, and an accounting of how it differs from the same price.
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.00126
Also, your discount is pretty small.
Nothing good about this deal.
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Thanks in advance.
Always better to get the mileage allowance you need
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Better to take the extra mileage, and not thing about it, again.
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36/10
T5 INSC AWD - .00069 and 58%
T5 MOM AWD - .00075 and 58%
No lease incentives
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T5 INSC FWD - .00027 and 55%
T5 MOM FWD - .00035 and 55%
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With the prices provided, I get $567/mo.
Ask the dealer what "adjusted CAP cost" they used for their payment quote.
And, get a full breakdown of the $3500 up front.
I would get more information before signing anything.
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.00027 MF and 55% residual
I get $647/mo vs. their $673/mo. for 36/10.
That's due to them marking up the money factor
I'm assuming the $1042 in non-taxable fees includes the $695 acquisition fee.
Given the $599 dealer fee, I'd want a bigger discount. I'd also want the base MF.
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