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Money factor
AlishaDiya
Member Posts: 8
HI looking to get the money factor for 2021 Nissan Sentra S 4 cylinder , 2.0.
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Lease term and miles per year?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Hi Michael. I am in NJ. 3 year 10k miles/yr.
61% residual
$1200 incentive
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thanks Michael. I appreciate the help. I will plug this into the calculator. Trying to figure out the monthly lease payment.
Hi Michael what is the difference between purchase option and selling price? When I am calculating lease payment should I be inputting selling price or purchase option ? I am using the leasehacker calculator
Also what is the incentive. If I was negotiating with dealer do they get the incentive or do I? Thanks
The Nissan incentive is Nissan to customer, and applied as a CAP cost reduction.
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Ok so this is what inserted
MSRP: 20825
Selling price 19797
Months 36
Miles 10000
Residual Auto Calculated to 61%
Money Factor 0.00172
Taxed incentive 1200 (how did you come up with this and is this different for different states? I am in NJ
All the other fees were auto Calculated by leasehacker
Tax rate: 6.625%
My lease comes out to $237
Drive off $1371.
Where in this can I negotiate to bring the monthly down to $200 without putting any money down. With the quarter end coming up will that be a negotiation point?
Not sure that is possible, with the current (dealer tilted) market conditions.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Can the incentive be applied towards the dealer instead of the customer to bring down the monthly lease?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
It's possible the selling price they've provided already includes the incentive.
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Ask the dealer for the Adjusted CAP cost, and a breakdown of the amount Due at Signing.
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When I look at the breakdown in leasehacker for the above mentioned numbers I see
First month payment : 237
Down payment 0
Upfront Fees 485
Upfront Taxes 650
What would I gain from asking about Adjusted Cap cost?
By my calculations:
$19797 selling price
+$650 acquisition fee
-$1200 lease cash
= $19,247 adjusted CAP
When I use that number, I get $237/mo, as well.
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