Can the LEASE experts make sense of this for me?
#1
Can the LEASE experts make sense of this for me?
First off, the dealership got me to sign off on a credit check. They wanted a deposit to hold the car but I told them no as I need to sell my vehicle before I move forward. But they congratulated me as I left and made a copy of my insurance and registration for my current car. I should have asked more quetions, but any reason for all this? Just preparing themselves for if I decide to move forward? Sorry for my ignorance but I'm VERY new to leasing. I own my current G35. Ok and after that question is answered here are the numbers they gave me a printout of. Someone please please tell me what they think! I have no idea what anything means.
MSRP = $42,450
Gross Capitalized Cost = $39,000
Cap Cost reduction = $250
Aquisition Fee = $595
Security Deposits = $4,500
Liscense Fee = $138
TOTAL at drive off = $6000
Residual = $30,438
Depreciation = $8,312
Rent = $1,727
TOTAL BASE PAYMENTS = $10,039
24 MONTHS
15K MILES PER MONTH
Monthly with tax included = $454
1. I didn't lease this car yet right? LMAO...They made me feel that way when I was leaving.
2. Please make sense of these numbers to let me know whether or not I got a good deal.
I was originally going with 39 month but changed my mind...Thanks
MSRP = $42,450
Gross Capitalized Cost = $39,000
Cap Cost reduction = $250
Aquisition Fee = $595
Security Deposits = $4,500
Liscense Fee = $138
TOTAL at drive off = $6000
Residual = $30,438
Depreciation = $8,312
Rent = $1,727
TOTAL BASE PAYMENTS = $10,039
24 MONTHS
15K MILES PER MONTH
Monthly with tax included = $454
1. I didn't lease this car yet right? LMAO...They made me feel that way when I was leaving.
2. Please make sense of these numbers to let me know whether or not I got a good deal.
I was originally going with 39 month but changed my mind...Thanks
#3
#7
WOW your total drive off is a lot!! even security 4,500 is a lot. i left with 1,700 nothing more. got it under invoice for 37,729. u should check around further than that offer my opinion. look for something around 2k. Good luck!
Trending Topics
#8
Anyone know whats important about the cap cost reduction or what my money factor is?
And I have NO IDEA what "rent" means...
#9
Registered User
Join Date: Feb 2008
Location: Los Angeles, CA
Posts: 327
Likes: 0
Received 0 Likes
on
0 Posts
Rent charge is the interest paid back to IFS during the lease term, that's all.
Otherwise, your deal looks good overall. You'll get your MSDs back at the end of the term, however with no interest paid on those deposits. All your MSDs are doing is buying down your money factor, therefore your paying less in interest.
Otherwise, your deal looks good overall. You'll get your MSDs back at the end of the term, however with no interest paid on those deposits. All your MSDs are doing is buying down your money factor, therefore your paying less in interest.
#10
Rent charge is the interest paid back to IFS during the lease term, that's all.
Otherwise, your deal looks good overall. You'll get your MSDs back at the end of the term, however with no interest paid on those deposits. All your MSDs are doing is buying down your money factor, therefore your paying less in interest.
Otherwise, your deal looks good overall. You'll get your MSDs back at the end of the term, however with no interest paid on those deposits. All your MSDs are doing is buying down your money factor, therefore your paying less in interest.
#11
Registered User
iTrader: (1)
Join Date: Apr 2008
Location: Buckeye Land, OH
Posts: 76
Likes: 0
Received 0 Likes
on
0 Posts
Sounds decent man. I just got what may be a final offer from my dealer over here: $4600 down ($3000 in MSD's and $1600 for 1st payment and fees)
$445/mth
VR/wheat premium with illum kickplates.
$445/mth
VR/wheat premium with illum kickplates.
#12
What was the final price? And what was invoice for ya?
#13
Registered User
iTrader: (1)
Join Date: Apr 2008
Location: Buckeye Land, OH
Posts: 76
Likes: 0
Received 0 Likes
on
0 Posts
I'd have to look for the papers, but off the top of the cabeza I was getting the car at invoice. After getting compared to the other dealers, the salesguy just said eff it and came back with this, lol.
Have final #'s for ya later.
Want this car so bad I can taste it. I'm going to the dealership today to lick some cars...
Have final #'s for ya later.
Want this car so bad I can taste it. I'm going to the dealership today to lick some cars...
#14
Registered User
Join Date: Feb 2008
Location: Los Angeles, CA
Posts: 327
Likes: 0
Received 0 Likes
on
0 Posts
#15
I think your MF is .001 or 2.4%
38750 + 30438=69188 x 24 = 1660512
1727/1660512=.001
The rent fee is the total amount that you'll spend during the course of your lease on finance charges.
But 69188 x .001=69.19 a month
1727 is 71.96 a month
Do the MSDs affect your net cap cost?
Also ask for a breakdown of your 1500 inception fees. I think they are inflated $100-200ish.
Last edited by Lisa; 04-13-2008 at 03:12 PM.