Got PSI

I worked the numbers with my local dealer for a 2013 F-Sport.

F-sport package
Park assist
Accessory package

MSRP: $56,442
Reduced cap cost: $52,900
Down: $5,000
Residual: 62% ($34,994.04)
MF: .00190
Taxes here in FL are 7%
Monthly payment $639 tax in

36 month lease
12k miles

Sign on run ?

They are holding the car for me until tomorrow.

I appreciate your feedback !

crzyis

I would say its a Fair deal....

Got PSI

Thanks man. They mentioned that a $2,500 MSD would lower my MF and bring the payment down to $600 tax in.

I think for $39 a month, I can keep my $2,500 and use that towards some wheels.

faifai83

Invoice is ~$52,400.

Deal is Invoice + $500. Fair.

Do a $0 down payment. Use the money for MSD instead.

Good luck.

Got PSI

So, if I use the $5000 towards MSD instead, I'd be looking at the same monthly payment?

Also, if I give the money towards MSD, I still have to pay inceptions.

faifai83

If you pay MSD and crash your car day 2 of leasing. Insurance pays off the balance of your lease and you get your refund for the MSD.

If you pay down payment and crash your car day 2 of leasing, insurance pays off the balance of your lease and you are out your down payment.

...think of it another way:

...Would you put a "down payment" on your apartment to reduce your monthly rent?

...either way, you would still need to pay inceptions...

Got PSI

Sounds good. I'll discuss that with the finance guy tomorrow when I go by there.

Thanks for your input faifai !

GSTONY

I say just doo it !!!

sydtoosic

go for it!!!!!!!!! faifai explained it best. the math is correct, logically it makes more sense.

Got PSI

It makes perfect sense. The downside is that i need to dish out more money out of pocket to pay for inceptions and such.

Wife's gonna kill me. Ohh well.

Sonu

MSRP $56,455
Final negotiated price $53,400 plus $1,500 conquest discount

24 month lease/ 15k miles a year
Residual was 70% money factor .0020 I could have gotten .0019 but I had 4 other cars under my name

0 down total drive off $1,450
23 payments of $ 730 plus tax

I could have negoiated additional $500 but the color combination I had was only available in one entire dealership thru-out the whole west coast so I had little less leverage

Rivera Red with flaxen interior.

Let me know what you thought of my deal I got in March

faifai83

Hrm, where are you located?

Invoice is also the same ~$52,400.

$53,400 is invoice + $1k if conquest is already included.

If conquest was applied after $53,400, then deal was invoice -$500. Good deal.

.002 money factor * 2400 = 4.8% APR.
.0019 money factor * 2400 = 4.56% APR.

March 2012 CPI/Inflation rate was 2.88%. With that said, unless your investments yield >4.56% APY, money factor was too high.

faifai83

...maybe do less MSDs?

sydtoosic

look at the bright side.... if #$#%$ goes south with wifey you can always drive yourself to the hospital in your brand new F-SPORT.

Sonu

According to Trucar.com invoice for this car is $53,100 with the options I got. Where are you getting your invoice price? If you count the conquet against the neogiated price that I paid less than $52,000 for this vehicle.
Money factor was not negoitable. It was set firm at .0019 as the lowest. I am in California