NEED FEEDBACK on this deal. Sign or run ?
#1
Driver
Thread Starter
NEED FEEDBACK on this deal. Sign or run ?
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 !
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 !
#3
Driver
Thread Starter
#4
Instructor
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 !
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 !
Deal is Invoice + $500. Fair.
Do a $0 down payment. Use the money for MSD instead.
Good luck.
#6
Instructor
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...
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#11
Here is the deal I got on my F sport
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
#12
Instructor
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
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
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 -$500. Good deal.
.002 money factor * 2400 = 4.8% APR.
.0019 money factor * 2400 = 4.56% APR.
March 2012 CPI/Inflation rate was 2.88%. With that said, unless your investments yield >4.56% APY, money factor was too high.
#13
Instructor
#14
look at the bright side
look at the bright side.... if #$#%$ goes south with wifey you can always drive yourself to the hospital in your brand new F-SPORT.
#15
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.
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.
Money factor was not negoitable. It was set firm at .0019 as the lowest. I am in California