Lease help fast!
Lease help fast!
Hey guys,
just need to post some lease numbers. Let me know if it's a good deal!
350 f sport:
msrp: $59,458
sales price: $51,593( including $2500 rebate)
term: 27 months
residual %: 64%
Money factor: .0010( couldn't get it down to .0008)
Miles per year: 15k
$605 per month without fees( tax, tags, title, reg, acquisition )
or
$745 with fees
just need to post some lease numbers. Let me know if it's a good deal!
350 f sport:
msrp: $59,458
sales price: $51,593( including $2500 rebate)
term: 27 months
residual %: 64%
Money factor: .0010( couldn't get it down to .0008)
Miles per year: 15k
$605 per month without fees( tax, tags, title, reg, acquisition )
or
$745 with fees
Pole Position
Joined: Jul 2011
Posts: 327
Likes: 0
From: CA
Plug your numbers into this lease calculator. At the bottom, it will give your lease a score. Anything with a score of 90+ is "GREAT"
http://www.ridewithg.com/calculator/index.html
http://www.ridewithg.com/calculator/index.html
Driver School Candidate
Joined: May 2012
Posts: 16
Likes: 0
From: Ca
Not sure how the market is like in VA. But the deal is luke warm in CA.
From your post, looks like dealer is discounting $5365. This is good but I think the dealer can do better if they are trying to clear out the '13s.
Also, rebate should be $2500 + First month payment.
Money factor may vary by state. See if you can get your dealer to show you documents that show you what the rates are for VA. Here in CA they are 0.0005.
At 745 a month, I am assuming you have 0 drive offs.
From your post, looks like dealer is discounting $5365. This is good but I think the dealer can do better if they are trying to clear out the '13s.
Also, rebate should be $2500 + First month payment.
Money factor may vary by state. See if you can get your dealer to show you documents that show you what the rates are for VA. Here in CA they are 0.0005.
At 745 a month, I am assuming you have 0 drive offs.
Not sure how the market is like in VA. But the deal is luke warm in CA.
From your post, looks like dealer is discounting $5365. This is good but I think the dealer can do better if they are trying to clear out the '13s.
Also, rebate should be $2500 + First month payment.
Money factor may vary by state. See if you can get your dealer to show you documents that show you what the rates are for VA. Here in CA they are 0.0005.
At 745 a month, I am assuming you have 0 drive offs.
From your post, looks like dealer is discounting $5365. This is good but I think the dealer can do better if they are trying to clear out the '13s.
Also, rebate should be $2500 + First month payment.
Money factor may vary by state. See if you can get your dealer to show you documents that show you what the rates are for VA. Here in CA they are 0.0005.
At 745 a month, I am assuming you have 0 drive offs.
In va. Yeah seems like I can't get a killer deals like you guys are getting in west coast.
Lexus Fanatic
Joined: May 2012
Posts: 68,092
Likes: 3,870
From: Maryland
I ran this through the calc and I get $591.13 with you paying everything out of pocket. So, they are rolling something into the lease. I think its the $399 processing fee. When I add that in I get $606.
In VA he has to pay taxes upfront on the whole purchase price, theres not a monthly use tax. So wrapping the taxes into the lease adds $3,245.58 to the cap cost, which has a much larger impact on the payment than a monthly use tax like you have in CA.
So you need to add $3,245.58, $700, $399 (VA dealers charge this BS Fee), 350 for tags to the cap cost. When I add all that in I get $769.71, he pay have a trade or something that is reducing the taxes.
Right...he put 2k down...this guy is putting nothing down. He has 10k a year...this guy is 15k a year. He's in CA presumably like you and pays a monthly use tax vs all the tax upfront. Totally incomparable situations.
Putting 2k down reduces the payments by that amount divided by the amount of payments, so $74 a month. Add $74 to his payment and you get $665, add in the tax differences and the fact that this deal is 15k and your cousins is only 10k. I would say this deal is actually better than your cousins.
So you need to add $3,245.58, $700, $399 (VA dealers charge this BS Fee), 350 for tags to the cap cost. When I add all that in I get $769.71, he pay have a trade or something that is reducing the taxes.
Originally Posted by xpcgamer
My cousin put 2k down-27 months and 10k a year and pays 591 a month.
Putting 2k down reduces the payments by that amount divided by the amount of payments, so $74 a month. Add $74 to his payment and you get $665, add in the tax differences and the fact that this deal is 15k and your cousins is only 10k. I would say this deal is actually better than your cousins.
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