I’m in 94117 zip and was texting with a dealer about a 2023 equinox fwd LT. With the convenience and comfort package. They offered:
$0 down, $955 due at signing, monthly of $397, residual value of $20,696.
This sounds good for my area though I’m going to negotiate.
Am I missing something? I haven’t seen a deal sheet, just those numbers.
Thank you for any advice!
@kyfdx said:
What is the MSRP?
What term and mileage allowance?
It’s 24/10k. I have excellent credit.
I believe they say MSRP is $30,890, but they also are stating they’re on sale for $26,890.
So that feels like a MF of .00195 if my math is correct.
@kyfdx said:
What is the MSRP?
What term and mileage allowance?
It’s 24/10k. I have excellent credit.
I believe they say MSRP is $30,890, but they also are stating they’re on sale for $26,890.
So that feels like a MF of .00195 if my math is correct.
I believe they say MSRP is $30,890, but they also are stating they’re on sale for $26,890.
So that feels like a MF of .00195 if my math is correct.
Also sales tax is 9.38%
24/10 .00042 MF and 67% residual
The residual checks out with the MSRP. Your $955 upfront likely only covers first payment, DMV and doc fee. To get to the $397/mo payment ($363 pre-tax), assuming no markups to the money factor, the adjusted CAP would have to be about $28,910. With a huge markup (to .00142 MF), the adjusted CAP would be about $27,760.
Possible reasons for difference in CAP from their info on price of $26,890? 1) Acquisition fee 2) dealer installed options 3) quoted selling price might be for a purchase with incentives, that aren't valid with the lease program. 4) Marked up money factor
The problem with a 24 month lease, is that extra/higher charges are only amortized over 24 months, causing big jumps in the payment.
All else being equal, a 27 mo or 36 mo payment would be about $10-$20/mo less.
The only way to know for sure, is to ask for the adjusted CAP cost and the numbers used to calculate it. Also, an itemization of the upfront money (though I'm sure about my earlier supposition).
Good Morning. Can I please get the MF and RV on a 2023 Chevy equinox LT FWD 36 months 10k miles in 33021 including any incentives and discounts.
Thank you in advance.
@AlVal117 said:
Good Morning. Can I please get the MF and RV on a 2023 Chevy equinox LT FWD 36 months 10k miles in 33021 including any incentives and discounts.
Thank you in advance.
Can you also include the same for a 2024 equinox LT FWD 36 months 10k miles in 33021
Comments
No lease incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Can you please provide MF & residual for 2023 Equinox, LT AWD 24/10, zip 48104?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can you share any incentives, RV & MF for Equinox LT FWD 24/10
Equinox LT FWD 36/10
Zip 94117
.00105 MF and 58% RV
No lease incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks!! How different are these numbers for RS trim?
Thanks!! How different are these numbers for RS trim?
.00047 MF and 63% RV
.00050 MF and 54% RV
No lease incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I’m in 94117 zip and was texting with a dealer about a 2023 equinox fwd LT. With the convenience and comfort package. They offered:
$0 down, $955 due at signing, monthly of $397, residual value of $20,696.
This sounds good for my area though I’m going to negotiate.
Am I missing something? I haven’t seen a deal sheet, just those numbers.
Thank you for any advice!
What term and mileage allowance?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
.00105 MF and 57% residual
No lease incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
It’s 24/10k. I have excellent credit.
I believe they say MSRP is $30,890, but they also are stating they’re on sale for $26,890.
So that feels like a MF of .00195 if my math is correct.
Also sales tax is 9.38%
Also sales tax is 9.38%
24/10
.00042 MF and 67% residual
The residual checks out with the MSRP.
Your $955 upfront likely only covers first payment, DMV and doc fee.
To get to the $397/mo payment ($363 pre-tax), assuming no markups to the money factor, the adjusted CAP would have to be about $28,910.
With a huge markup (to .00142 MF), the adjusted CAP would be about $27,760.
Possible reasons for difference in CAP from their info on price of $26,890?
1) Acquisition fee
2) dealer installed options
3) quoted selling price might be for a purchase with incentives, that aren't valid with the lease program.
4) Marked up money factor
The problem with a 24 month lease, is that extra/higher charges are only amortized over 24 months, causing big jumps in the payment.
All else being equal, a 27 mo or 36 mo payment would be about $10-$20/mo less.
The only way to know for sure, is to ask for the adjusted CAP cost and the numbers used to calculate it. Also, an itemization of the upfront money (though I'm sure about my earlier supposition).
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
2023 2023 Equinox AWD LT or 2LT
12k/36 or 39
Zip 07645
Thanks!
May I have the MF and Residual for 23 Equinox LS FWD 24months/10k? Zip is 14043.
57%/53% residual for 36/39 mo
No lease incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
.00067 and 54%
No incentives
Either drive
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I appreciate this service you folks at Edmunds provide -- it really helps at negotiation time.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
.00121 MF and 55% residual
No lease incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
If so, we don't have any information on that.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
MF & RV 2023 Chevrolet Equinox LT FWD: 24/15K - zip 43515
.00058 MF and 65% residual
No lease incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Thanks
Allen
No lease incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
LS/LT .00121 MF and 55% residual
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
2024 Chevy Equinox LT
10k miles/ 36 months, and 10k miles/ 39 months
Zip code: 08234
I assume there are no lease incentives? Current Chevy Lessee.
Thank you very much.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hi! Can I please have the RV & MF for the 23 Equinox AWD in LT & RS trim? Any incentive info if available
24/10 & 36/10 in zip code 80120. Thanks
.00079 and 67%
.00144 and 58%
RS
.00082 and 63%
.00088 and 54%
No lease incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Good Morning. Can I please get the MF and RV on a 2023 Chevy equinox LT FWD 36 months 10k miles in 33021 including any incentives and discounts.
Thank you in advance.
No lease incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Can you also include the same for a 2024 equinox LT FWD 36 months 10k miles in 33021
Can you also include the same for a 2024 equinox LT FWD 36 months 10k miles in 33021
2024 discussion:
https://forums.edmunds.com/discussion/69886/chevrolet/equinox/2024-chevrolet-equinox-lease-deals-and-purchase-prices#latest
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Thanks
.00144 MF and 55% residual
$500 customer incentive
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
thanks again.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I get lease numbers for a Premier and LT 36/12k in 33312?