@Michaell said:
What was the MSRP?
What was the adjusted cap cost?
What is your location?
I said the sale price was MSRP around 46k. Since they were giving me 43k on my trade then that would leave 8k in equity to be put towards cap cost obviously. That 8 k seemed to just disappear.
Was in NJ 08884
I said the sale price was MSRP around 46k. Since they were giving me 43k on my trade then that would leave 8k in equity to be put towards cap cost obviously. That 8 k seemed to just disappear.
Was in NJ 08884
The sale price is not the same as the adjusted cap cost - that is the sale price plus any taxes and fees you aren't paying up front.
If, however, some of that $8K in equity is going to first payment, taxes, fees, etc, then the cap reduction will be less than $8K.
Best to ask the dealer for a screen shot of their lease worksheet - that will have all the numbers necessary to decipher the deal.
@Michaell said:
The sale price is not the same as the adjusted cap cost - that is the sale price plus any taxes and fees you aren't paying up front.
If, however, some of that $8K in equity is going to first payment, taxes, fees, etc, then the cap reduction will be less than $8K.
Best to ask the dealer for a screen shot of their lease worksheet - that will have all the numbers necessary to decipher the deal.
When asked how they got to that number he couldn't answer me. He said "I don't know"...🙄 Regardless where he assigned that equity a 46k car should not be leasing for over 700 per month, with $8000 put towards fees, taxes and or cap cost.
The only way I was able to reach over $700 in the online lease calculators was to washed the $8000 in equity from the deal and add $2000 to the price of the car.
The sale price is not the same as the adjusted cap cost - that is the sale price plus any taxes and fees you aren't paying up front.
If, however, some of that $8K in equity is going to first payment, taxes, fees, etc, then the cap reduction will be less than $8K.
Best to ask the dealer for a screen shot of their lease worksheet - that will have all the numbers necessary to decipher the deal.
When asked how they got to that number he couldn't answer me. He said "I don't know"...🙄 Regardless where he assigned that equity a 46k car should not be leasing for over 700 per month, with $8000 put towards fees, taxes and or cap cost.
The only way I was able to reach over $700 in the online lease calculators was to washed the $8000 in equity from the deal and add $2000 to the price of the car.
Is this managers comment true? Do you simply lose trade in equity on a car cause it's a lease?
If you simply return the car at the end of the lease, that is correct.
However, you can sell the car to a dealer or to an organization like Vroom, Carvana or CarMax and be paid market value, and pocket the difference between the sale price and the lease buyout.
Be advised that some brands prohibit you from doing this.
@Michaell said:
If you simply return the car at the end of the lease, that is correct.
However, you can sell the car to a dealer or to an organization like Vroom, Carvana or CarMax and be paid market value, and pocket the difference between the sale price and the lease buyout.
Be advised that some brands prohibit you from doing this.
It wasn't a lease trade in, it was a different dealer, and the book vue of my car was way above buyout. The way the salesman explained it they would offer me 43k for my Lexus trade-in and the lease buy out was 34k. So somewhere along the line that $8000 disappeared in the deal. The very next dealer I went to offered me $1000 more ony trade and applied it all to the cap cost reduction of the new lease. 🤷🏻♂️
If you simply return the car at the end of the lease, that is correct.
However, you can sell the car to a dealer or to an organization like Vroom, Carvana or CarMax and be paid market value, and pocket the difference between the sale price and the lease buyout.
Be advised that some brands prohibit you from doing this.
It wasn't a lease trade in, it was a different dealer, and the book vue of my car was way above buyout. The way the salesman explained it they would offer me 43k for my Lexus trade-in and the lease buy out was 34k. So somewhere along the line that $8000 disappeared in the deal. The very next dealer I went to offered me $1000 more ony trade and applied it all to the cap cost reduction of the new lease. 🤷🏻♂️
Do you by chance have access to the US Bank January rates for the 21 JGC Limited 4x4? 36/10. I am stuck with a US Bank lease that I am trading but the only way to get a good trade is to enter into another US Bank lease. Thank you
Do you by chance have access to the US Bank January rates for the 21 JGC Limited 4x4? 36/10. I am stuck with a US Bank lease that I am trading but the only way to get a good trade is to enter into another US Bank lease. Thank you
Hi, can you please provide the MF, RV, and incentives for the 2021 Jeep Grand Cherokee Limited / Limited X 4X4 - 36/10 and 39/10 lease in NY (11377) Thank you!
Hi, can you please provide the MF, RV, and incentives for the 2021 Jeep Grand Cherokee Limited / Limited X 4X4 - 36/10 and 39/10 lease in NY (11377) Thank you!
If you simply return the car at the end of the lease, that is correct.
However, you can sell the car to a dealer or to an organization like Vroom, Carvana or CarMax and be paid market value, and pocket the difference between the sale price and the lease buyout.
Be advised that some brands prohibit you from doing this.
Do you know if jeep is one of these that doesnt allow this?
If you simply return the car at the end of the lease, that is correct.
However, you can sell the car to a dealer or to an organization like Vroom, Carvana or CarMax and be paid market value, and pocket the difference between the sale price and the lease buyout.
Be advised that some brands prohibit you from doing this.
Do you know if jeep is one of these that doesnt allow this?
At this time, Vroom won't buy any leased vehicles. As far as we know, Chrysler still allows any dealer to purchase their leases. That could certainly change at any time.
Hey there - can I get the MF & Residual and any incentives for 2021 Grand Cherokee Limited 4WD in 45242.
36/15 .00001 and 49% $4190 incentives
I'm sure this has been asked and answered, so thanks for taking time to explain to me. Where are your MF and RV coming from? A certain bank? Went into dealership yesterday and he gave me a proposal for a lease from Ally with 4.9% interest rate and 57.1% residual. Did offer $6,550 in "rebates", but the worksheet looked like this..
Due in Advance First Payment +683.37 Rebate +6,550 DMV Fees +$111 Doc Fee + 250 ____________________________ Due At Signing + $7,594.37 Rebate - $6,500 ____________________________ Cash Due At Signing = $1,044.37
Aren't they just canceling out the rebate? Didn't make any sense to me.
Hey there - can I get the MF & Residual and any incentives for 2021 Grand Cherokee Limited 4WD in 45242.
36/15 .00001 and 49% $4190 incentives
I'm sure this has been asked and answered, so thanks for taking time to explain to me. Where are your MF and RV coming from? A certain bank? Went into dealership yesterday and he gave me a proposal for a lease from Ally with 4.9% interest rate and 57.1% residual. Did offer $6,550 in "rebates", but the worksheet looked like this..
Due in Advance First Payment +683.37 Rebate +6,550 DMV Fees +$111 Doc Fee + 250 ____________________________ Due At Signing + $7,594.37 Rebate - $6,500 ____________________________ Cash Due At Signing = $1,044.37
Aren't they just canceling out the rebate? Didn't make any sense to me.
No, you'll see the $6500 accounted for as a CAP cost reduction. It's listed this way, because the rebate is subject to sales tax. By showing it in the Due at Signing, and as a CAP cost reduction, it triggers the lease program to apply sales tax to the rebate.
No, you'll see the $6500 accounted for as a CAP cost reduction. It's listed this way, because the rebate is subject to sales tax. By showing it in the Due at Signing, and as a CAP cost reduction, it triggers the lease program to apply sales tax to the rebate.
That makes sense. I kinda figured I was missing something. Thank you!
Comments
Jeep Grand Cherokee L - Limited - 4x4
36/12
Zip Code: 68046
Thank you!
I said the sale price was MSRP around 46k. Since they were giving me 43k on my trade then that would leave 8k in equity to be put towards cap cost obviously. That 8 k seemed to just disappear.
Was in NJ 08884
I said the sale price was MSRP around 46k. Since they were giving me 43k on my trade then that would leave 8k in equity to be put towards cap cost obviously. That 8 k seemed to just disappear.
Was in NJ 08884
The sale price is not the same as the adjusted cap cost - that is the sale price plus any taxes and fees you aren't paying up front.
If, however, some of that $8K in equity is going to first payment, taxes, fees, etc, then the cap reduction will be less than $8K.
Best to ask the dealer for a screen shot of their lease worksheet - that will have all the numbers necessary to decipher the deal.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
No incentive info
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
When asked how they got to that number he couldn't answer me. He said "I don't know"...🙄 Regardless where he assigned that equity a 46k car should not be leasing for over 700 per month, with $8000 put towards fees, taxes and or cap cost.
The only way I was able to reach over $700 in the online lease calculators was to washed the $8000 in equity from the deal and add $2000 to the price of the car.
When asked how they got to that number he couldn't answer me. He said "I don't know"...🙄 Regardless where he assigned that equity a 46k car should not be leasing for over 700 per month, with $8000 put towards fees, taxes and or cap cost.
The only way I was able to reach over $700 in the online lease calculators was to washed the $8000 in equity from the deal and add $2000 to the price of the car.
Guess you keep shopping.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Could i please have the MF and residual for a Grand Cherokee L Altitude 4x2 in South Florida (33027)?
36/10
39/10
42/10
Any incentives?
59%
56%
54% RV
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Is
Is this managers comment true? Do you simply lose trade in equity on a car cause it's a lease?
However, you can sell the car to a dealer or to an organization like Vroom, Carvana or CarMax and be paid market value, and pocket the difference between the sale price and the lease buyout.
Be advised that some brands prohibit you from doing this.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
It wasn't a lease trade in, it was a different dealer, and the book vue of my car was way above buyout. The way the salesman explained it they would offer me 43k for my Lexus trade-in and the lease buy out was 34k. So somewhere along the line that $8000 disappeared in the deal. The very next dealer I went to offered me $1000 more ony trade and applied it all to the cap cost reduction of the new lease. 🤷🏻♂️
.00094
.00259
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
It wasn't a lease trade in, it was a different dealer, and the book vue of my car was way above buyout. The way the salesman explained it they would offer me 43k for my Lexus trade-in and the lease buy out was 34k. So somewhere along the line that $8000 disappeared in the deal. The very next dealer I went to offered me $1000 more ony trade and applied it all to the cap cost reduction of the new lease. 🤷🏻♂️
Good thing you shopped around!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$3050 incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Amen!!! A slightly educated consumer is their worst nightmare I suppose. It's the dishonest dealers that ruin it for the rest of them..
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
56% / 54% for 36/39 and 10K
7500 miles not available
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00001 and 52%
$3440 incentives
Either trim
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
However, you can sell the car to a dealer or to an organization like Vroom, Carvana or CarMax and be paid market value, and pocket the difference between the sale price and the lease buyout.
Be advised that some brands prohibit you from doing this.
Do you know if jeep is one of these that doesnt allow this?
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No incentive info
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.00001 and 49%
$4190 incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What are the numbers for Grand Cherokee L Summit and Overland 4x4 for 36/39/42, 12k, zip 43123.
Can I get numbers for a 2022 Grand Cherokee (2 row) Limited 4X4 with 36mo/10k miles. (Zip 64503)
Thank you!
SUM - 54% / 52% / 50%
OVR - 53% / 51% / 49%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2021 Jeep Grand Cherokee Laredo X 4x2 MF/RV 27615 and any lease deals? 36/10 and 36/7500
Thank you
.00034 and 51%
$2400 incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Due in Advance
First Payment +683.37
Rebate +6,550
DMV Fees +$111
Doc Fee + 250
____________________________
Due At Signing + $7,594.37
Rebate - $6,500
____________________________
Cash Due At Signing = $1,044.37
Aren't they just canceling out the rebate? Didn't make any sense to me.
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No, you'll see the $6500 accounted for as a CAP cost reduction. It's listed this way, because the rebate is subject to sales tax. By showing it in the Due at Signing, and as a CAP cost reduction, it triggers the lease program to apply sales tax to the rebate.
That makes sense. I kinda figured I was missing something. Thank you!
57% ALT
53% LTD
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I please get MF & RV and any incentives for a GCL Limited 2WD in 77578?
36/10 and 36/12.
Thanks!
Standard MF and 54% RV
No incentive info
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
May I the MF & RV for a
GCL Overland 4x4
36/10
39/10
30331 zip
Thanks
54%
52% RV
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I have the MF/RV/Incentives on a 2021 Grand Cherokee L Limited 4x4. 36/39/42/48 15k/yr (whichever is best). 77459
Thanks!
53%/51%/49%/45% residual
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