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NEED FEEDBACK on this deal. Sign or run ?

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Old 04-18-12, 03:30 PM   #1
Got PSI
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Default 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 !
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Old 04-18-12, 03:40 PM   #2
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I would say its a Fair deal....
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Old 04-18-12, 03:43 PM   #3
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Originally Posted by crzyis View Post
I would say its a Fair deal....
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.
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Old 04-18-12, 04:09 PM   #4
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Quote:
Originally Posted by Got PSI View Post
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 !
Invoice is ~$52,400.

Deal is Invoice + $500. Fair.

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

Good luck.
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Old 04-18-12, 04:20 PM   #5
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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.
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Old 04-18-12, 04:45 PM   #6
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Quote:
Originally Posted by Got PSI View Post
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.
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...
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Old 04-18-12, 04:48 PM   #7
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Sounds good. I'll discuss that with the finance guy tomorrow when I go by there.

Thanks for your input faifai !
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Old 04-18-12, 04:53 PM   #8
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I say just doo it !!!
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Old 04-18-12, 06:08 PM   #9
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go for it!!!!!!!!! faifai explained it best. the math is correct, logically it makes more sense.

Last edited by sydtoosic; 04-18-12 at 06:08 PM.. Reason: adding
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Old 04-18-12, 06:18 PM   #10
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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.
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Old 04-18-12, 06:37 PM   #11
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Default Here is the deal I got on my F sport

Quote:
Originally Posted by faifai83 View Post
Invoice is ~$52,400.

Deal is Invoice + $500. Fair.

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

Good luck.
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
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Old 04-18-12, 06:48 PM   #12
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Quote:
Originally Posted by Sonu View Post
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
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.
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Old 04-18-12, 06:48 PM   #13
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Originally Posted by Got PSI View Post
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.
...maybe do less MSDs?
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Old 04-18-12, 07:23 PM   #14
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Quote:
Originally Posted by Got PSI View Post
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.
look at the bright side.... if #$#%$ goes south with wifey you can always drive yourself to the hospital in your brand new F-SPORT.
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Old 04-18-12, 08:38 PM   #15
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Quote:
Originally Posted by faifai83 View Post
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.
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
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Old 04-18-12, 08:38 PM
 
 
 
 
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