What do I then do with this information to get a solid lease deal? I'm a little overwhelmed and need a step by step dummies guide. 😅 Any links greatly appreciated!
What do I then do with this information to get a solid lease deal? I'm a little overwhelmed and need a step by step dummies guide. 😅 Any links greatly appreciated!
Looking for RV and MF for EV6 GT-line RWD, AWD, and Wind RWD, AWD, 24/12000. Zip code 94022. If possible, could you let me know if the $7500 manufacturer's rebate is taxable? A dealer required me to put $2000 down as tax for the rebate but I'm not sure about that. Thanks in advance!
Looking for RV and MF for EV6 GT-line RWD, AWD, and Wind RWD, AWD, 24/12000. Zip code 94022. If possible, could you let me know if the $7500 manufacturer's rebate is taxable? A dealer required me to put $2000 down as tax for the rebate but I'm not sure about that. Thanks in advance!
GTL AWD - .00148 MF and 62% RV GTL RWD - .00212 MF and 64% RV Wind AWD - .00177 MF and 64% RV Wind RWD - .00206 MF and 64% RV
Yes, the $7500 lease cash is taxable, but you are not required to pay it up front; however, if you roll it into the lease payment, the payment will go up $83/mo.
Looking for RV and MF for EV6 GT-line RWD, AWD, and Wind RWD, AWD, 24/12000. Zip code 94022. If possible, could you let me know if the $7500 manufacturer's rebate is taxable? A dealer required me to put $2000 down as tax for the rebate but I'm not sure about that. Thanks in advance!
GTL AWD - .00148 MF and 62% RV GTL RWD - .00212 MF and 64% RV Wind AWD - .00177 MF and 64% RV Wind RWD - .00206 MF and 64% RV
Yes, the $7500 lease cash is taxable, but you are not required to pay it up front; however, if you roll it into the lease payment, the payment will go up $83/mo.
Isn't how much the lease payment increases if you roll the taxes on the $7500 lease cash into the payment dependent on the money factor? The range MFs is from 0.00148 (~3.552% APR) and 0.00212 (~5.088% APR) so I'd expect that increase in the payment amount to vary amount based on the MF.
Looking for RV and MF for EV6 GT-line RWD, AWD, and Wind RWD, AWD, 24/12000. Zip code 94022. If possible, could you let me know if the $7500 manufacturer's rebate is taxable? A dealer required me to put $2000 down as tax for the rebate but I'm not sure about that. Thanks in advance!
GTL AWD - .00148 MF and 62% RV GTL RWD - .00212 MF and 64% RV Wind AWD - .00177 MF and 64% RV Wind RWD - .00206 MF and 64% RV
Yes, the $7500 lease cash is taxable, but you are not required to pay it up front; however, if you roll it into the lease payment, the payment will go up $83/mo.
Isn't how much the lease payment increases if you roll the taxes on the $7500 lease cash into the payment dependent on the money factor? The range MFs is from 0.00148 (~3.552% APR) and 0.00212 (~5.088% APR) so I'd expect that increase in the payment amount to vary amount based on the MF.
Actually, it depends as much on the tax rate as it does on the MF. May not be $80/mo. But, with a shorter term, there are fewer months in which to amortize the fees and taxes, which makes the payment greater, proportionally.
@Michaell said:
Actually, it depends as much on the tax rate as it does on the MF. May not be $80/mo. But, with a shorter term, there are fewer months in which to amortize the fees and taxes, which makes the payment greater, proportionally.
Thanks and yes, I know the sales tax rate matters more than the MF but I figured you looked up the sales tax rate in zip code 94022 (from the original request) and then used it to calculate the tax amount on $7500. I didn't realize until just now that you simply divided $2k down payment requested to @hoanganh007 from the dealer by 24 months to come up with $83/month.
Back to the question from @hoanganh007. The $2k that the dealer is requesting to qualify for the $7500 lease cash is BS. You shouldn't have to pay anything up front to qualify for the lease cash. The sales tax rate in zip code 94022 is 9.125% which means the sales tax on the $7500 lease cash is $684.38. It sounds like the dealer wants them to pay another ~$1300 in fees up front like maybe the Kia Finance bank fee of $650 plus other fees like DMV fee and dealer doc fee rather than roll them into the monthly payment. I'd ask the dealer how they came up with $2k up front when the taxes on the lease cash are only $684.38.
Actually, it depends as much on the tax rate as it does on the MF. May not be $80/mo. But, with a shorter term, there are fewer months in which to amortize the fees and taxes, which makes the payment greater, proportionally.
Thanks and yes, I know the sales tax rate matters more than the MF but I figured you looked up the sales tax rate in zip code 94022 (from the original request) and then used it to calculate the tax amount on $7500. I didn't realize until just now that you simply divided $2k down payment requested to @hoanganh007 from the dealer by 24 months to come up with $83/month.
Back to the question from @hoanganh007. The $2k that the dealer is requesting to qualify for the $7500 lease cash is BS. You shouldn't have to pay anything up front to qualify for the lease cash. The sales tax rate in zip code 94022 is 9.125% which means the sales tax on the $7500 lease cash is $684.38. It sounds like the dealer wants them to pay another ~$1300 in fees up front like maybe the Kia Finance bank fee of $650 plus other fees like DMV fee and dealer doc fee rather than roll them into the monthly payment. I'd ask the dealer how they came up with $2k up front when the taxes on the lease cash are only $684.38.
Often, the dealer will write up the deal with a round number due at signing:
First payment Acquisition fee Tax on incentives Dealer fee ($85 in CA) DMV costs (roughly 1.1% of MSRP in CA) Anything left over gets applied as a cap reduction.
As noted, any or all of these can be added into the monthly payment, but a shorter term means the amortization of the above items will be more expensive, per month.
Actually, it depends as much on the tax rate as it does on the MF. May not be $80/mo. But, with a shorter term, there are fewer months in which to amortize the fees and taxes, which makes the payment greater, proportionally.
Thanks and yes, I know the sales tax rate matters more than the MF but I figured you looked up the sales tax rate in zip code 94022 (from the original request) and then used it to calculate the tax amount on $7500. I didn't realize until just now that you simply divided $2k down payment requested to @hoanganh007 from the dealer by 24 months to come up with $83/month.
Back to the question from @hoanganh007. The $2k that the dealer is requesting to qualify for the $7500 lease cash is BS. You shouldn't have to pay anything up front to qualify for the lease cash. The sales tax rate in zip code 94022 is 9.125% which means the sales tax on the $7500 lease cash is $684.38. It sounds like the dealer wants them to pay another ~$1300 in fees up front like maybe the Kia Finance bank fee of $650 plus other fees like DMV fee and dealer doc fee rather than roll them into the monthly payment. I'd ask the dealer how they came up with $2k up front when the taxes on the lease cash are only $684.38.
Often, the dealer will write up the deal with a round number due at signing:
First payment Acquisition fee Tax on incentives Dealer fee ($85 in CA) DMV costs (roughly 1.1% of MSRP in CA) Anything left over gets applied as a cap reduction.
As noted, any or all of these can be added into the monthly payment, but a shorter term means the amortization of the above items will be more expensive, per month.
Thanks sam_k and Michael, you guys gave me amazing advice and explanation!
@kyfdx said:
36/15
GTL: .00193 MF and 53% residual
Wind: .00185 MF and 55% residual
$7500 lease cash
I just want to check that $7,500 applies to all EV6 trims. We are looking at the NACOTY special edition and the online rep.is telling me that the lease rebate doesn't apply to the gt-line. Not that it should matter because the dealer's on website and the NHSTA show the Vin number for these are technically wind trims.
I just want to check that $7,500 applies to all EV6 trims. We are looking at the NACOTY special edition and the online rep.is telling me that the lease rebate doesn't apply to the gt-line. Not that it should matter because the dealer's on website and the NHSTA show the Vin number for these are technically wind trims.
@kyfdx said:
36/15
GTL: .00193 MF and 53% residual
Wind: .00185 MF and 55% residual
$7500 lease cash
I just want to check that $7,500 applies to all EV6 trims. We are looking at the NACOTY special edition and the online rep.is telling me that the lease rebate doesn't apply to the gt-line. Not that it should matter because the dealer's on website and the NHSTA show the Vin number for these are technically wind trims.
@Michaell said:
All trims of the EV6 have the $7500 incentive.
The dealer online rep is either uninformed (which I seriously doubt) or they're trying to sneak in a $7500 markup on the limited edition to offset the $7500 lease cash that every EV6 gets on a lease. Kia Finance will automatically give the $7500 lease cash in their system and I don't think the F&I person can alter it. Zeroing out the lease cash doesn't benefit the dealer anyway, it just makes your monthly payment higher but a $7500 markup on the selling price does benefit them because the higher selling price is the amount they'll get for the car from Kia Finance.
Could I please have the MF and residual percentage for a EV6 GT-Line AWD 24 months, 10k miles per year and 36 months, 10k miles per year in zip code 11040. Thanks in advance.
Could I please have the MF and residual percentage for a EV6 GT-Line AWD 24 months, 10k miles per year and 36 months, 10k miles per year in zip code 11040. Thanks in advance.
.00176 MF and 64% residual .00212 MF and 57% residual
@kyfdx said:
.00176 MF and 64% residual
.00212 MF and 57% residual
$7500 lease cash
Both residual percentages went up by 1% this month from last month which is odd this late in the model year. Last month the 24 month, 10k miles per year lease had a 63% residual and the 36 month, 10k miles per year lease had a 56% residual. Is it possible that your data source is incorrect or did you give me 2024 EV6 numbers?
Both residual percentages went up by 1% this month from last month which is odd this late in the model year. Last month the 24 month, 10k miles per year lease had a 63% residual and the 36 month, 10k miles per year lease had a 56% residual. Is it possible that your data source is incorrect or did you give me 2024 EV6 numbers?
Hi, Could I please have the MF, residual percentage and rebates/incentives for an EV6 Light RWD 36/10, zip code 91403.
Also, I may be leasing two of them. Do you think that gives me any additional negotiating power? And if yes, would you hazard a guess as to how much, % wise, that might matter? Thanks in advance!
Comments
GTL - .00222 MF and 57% RV
$7500 lease credit
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Really appreciate your help in advance on this!
Light RWD, 36mo/12K
Light RWD, 36mo/10K
Wind RWD, 36mo/12K
Wind RWD, 36mo/10K
Zip 94110
Start your leasing research here
36/12
Light RWD - .00211 MF and 54% RV
Wind RWD - .00197 MF and 57% RV
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I please have MF/residual and any lease cash for a EV6 Wind, 36/10 in 75209?
Sorry, AWD
And long range
And long range
.00185 MF and 58% RV
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Looking for MF and RV and lease credits for EV6 GT in 77007
36/10k miles. Thanks!
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks a million!
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36/12
Zip 97201
Thanks in advance!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Wind AWD - .00185 MF and 57% residual
GT-Line AWD - .00193 MF and 55% residual
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Looking for RV and MF for a GT- line AWD and a Wind AWD, zip code 20743
36/12000
36/15000
Thanks in advanced
GTL: .00193 MF and 53% residual
Wind: .00185 MF and 55% residual
$7500 lease cash
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GTL RWD - .00212 MF and 64% RV
Wind AWD - .00177 MF and 64% RV
Wind RWD - .00206 MF and 64% RV
Yes, the $7500 lease cash is taxable, but you are not required to pay it up front; however, if you roll it into the lease payment, the payment will go up $83/mo.
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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
Thanks and yes, I know the sales tax rate matters more than the MF but I figured you looked up the sales tax rate in zip code 94022 (from the original request) and then used it to calculate the tax amount on $7500. I didn't realize until just now that you simply divided $2k down payment requested to @hoanganh007 from the dealer by 24 months to come up with $83/month.
Back to the question from @hoanganh007. The $2k that the dealer is requesting to qualify for the $7500 lease cash is BS. You shouldn't have to pay anything up front to qualify for the lease cash. The sales tax rate in zip code 94022 is 9.125% which means the sales tax on the $7500 lease cash is $684.38. It sounds like the dealer wants them to pay another ~$1300 in fees up front like maybe the Kia Finance bank fee of $650 plus other fees like DMV fee and dealer doc fee rather than roll them into the monthly payment. I'd ask the dealer how they came up with $2k up front when the taxes on the lease cash are only $684.38.
36/10,000
Wind RWD
Wind AWD
Any lease incentives?
How much is the one-pay MF discount?
Are 30-month terms available?
.00185 MF and 58% residual
$7500 lease cash
No info on one-pay
We don't have 30 month info. It may be available
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Thanks and yes, I know the sales tax rate matters more than the MF but I figured you looked up the sales tax rate in zip code 94022 (from the original request) and then used it to calculate the tax amount on $7500. I didn't realize until just now that you simply divided $2k down payment requested to @hoanganh007 from the dealer by 24 months to come up with $83/month.
Back to the question from @hoanganh007. The $2k that the dealer is requesting to qualify for the $7500 lease cash is BS. You shouldn't have to pay anything up front to qualify for the lease cash. The sales tax rate in zip code 94022 is 9.125% which means the sales tax on the $7500 lease cash is $684.38. It sounds like the dealer wants them to pay another ~$1300 in fees up front like maybe the Kia Finance bank fee of $650 plus other fees like DMV fee and dealer doc fee rather than roll them into the monthly payment. I'd ask the dealer how they came up with $2k up front when the taxes on the lease cash are only $684.38.
Often, the dealer will write up the deal with a round number due at signing:
First payment
Acquisition fee
Tax on incentives
Dealer fee ($85 in CA)
DMV costs (roughly 1.1% of MSRP in CA)
Anything left over gets applied as a cap reduction.
As noted, any or all of these can be added into the monthly payment, but a shorter term means the amortization of the above items will be more expensive, per month.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00204 and 56%
$7500 lease cash
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First payment
Acquisition fee
Tax on incentives
Dealer fee ($85 in CA)
DMV costs (roughly 1.1% of MSRP in CA)
Anything left over gets applied as a cap reduction.
As noted, any or all of these can be added into the monthly payment, but a shorter term means the amortization of the above items will be more expensive, per month.
Thanks sam_k and Michael, you guys gave me amazing advice and explanation!
I just want to check that $7,500 applies to all EV6 trims. We are looking at the NACOTY special edition and the online rep.is telling me that the lease rebate doesn't apply to the gt-line. Not that it should matter because the dealer's on website and the NHSTA show the Vin number for these are technically wind trims.
I just want to check that $7,500 applies to all EV6 trims. We are looking at the NACOTY special edition and the online rep.is telling me that the lease rebate doesn't apply to the gt-line. Not that it should matter because the dealer's on website and the NHSTA show the Vin number for these are technically wind trims.
All trims of the EV6 have the $7500 incentive.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
RWD - .00197 MF and 58% RV
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Check again.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
GT-Line AWD
36/10
.00193 MF and 56% RV
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The window sticker is correct that the North America Car, Truck and SUV of the Year (NACTOY) limited edition is a GT-Line AWD and it's the same MSRP as the GT-Line AWD (even though the VIN decodes to a Wind trim). They didn't charge anything extra for the NACTOY limited edition package. Press release: https://www.kiamedia.com/us/en/media/pressreleases/21030/kia-america-debuts-all-electric-ev6-north-american-utility-vehicle-of-the-year-limited-edition-at-mo
The dealer online rep is either uninformed (which I seriously doubt) or they're trying to sneak in a $7500 markup on the limited edition to offset the $7500 lease cash that every EV6 gets on a lease. Kia Finance will automatically give the $7500 lease cash in their system and I don't think the F&I person can alter it. Zeroing out the lease cash doesn't benefit the dealer anyway, it just makes your monthly payment higher but a $7500 markup on the selling price does benefit them because the higher selling price is the amount they'll get for the car from Kia Finance.
$7500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hello,
Could I please get MF/RV for:
2023 EV6 GT-Line AWD
36mo/15k miles
45246
$7500 lease cash
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Hi,
Could I please have the MF and residual percentage for a EV6 GT-Line AWD 24 months, 10k miles per year and 36 months, 10k miles per year in zip code 11040. Thanks in advance.
.00212 MF and 57% residual
$7500 lease cash
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Both residual percentages went up by 1% this month from last month which is odd this late in the model year. Last month the 24 month, 10k miles per year lease had a 63% residual and the 36 month, 10k miles per year lease had a 56% residual. Is it possible that your data source is incorrect or did you give me 2024 EV6 numbers?
Both residual percentages went up by 1% this month from last month which is odd this late in the model year. Last month the 24 month, 10k miles per year lease had a 63% residual and the 36 month, 10k miles per year lease had a 56% residual. Is it possible that your data source is incorrect or did you give me 2024 EV6 numbers?
Confirm numbers are correct as stated.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Could I please have the MF, residual percentage and rebates/incentives for an EV6 Light RWD 36/10, zip code 91403.
Also, I may be leasing two of them. Do you think that gives me any additional negotiating power? And if yes, would you hazard a guess as to how much, % wise, that might matter?
Thanks in advance!