Help with lease terms
12-29-2010, 08:44 PM
#1
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Help with lease terms
I want to lease a 2011 G37x sedan with premium package, carpet mats and splash guards. The best offer I have on the table is $1300 out the door with 380 per month for 36 months. Cap cost = $35,307; $26,026 residual value; first year scheduled maintenance free.
This seems like a very good deal to me (cap cost below invoice). Any thoughts.
Thanks.
This seems like a very good deal to me (cap cost below invoice). Any thoughts.
Thanks.
12-30-2010, 11:21 AM
#2
You don't specify your tax rate, the miles, and the MSRP; but I'm assuming the MSRP is $40,040 and the mileage is 10K/year due to the high residual value.
These are my numbers:
MSRP: 40040
Invoice: $36862
Sale: $35307
Residual: $26026 (65%)
MF: 0.00165
Depreciation: $9281
Base monthly: $257.80
Interest: $101.20
Total monthly payment: $359.00
This is assuming you pay all taxes, first month payment, and fees up front. Also, tell the dealer you have an offer from another dealer at $2750 bellow invoice, tell them to match it. They will. With a price of $2750 below invoice your payments would be $323 a month paying all taxes and fees up front. Good luck
These are my numbers:
MSRP: 40040
Invoice: $36862
Sale: $35307
Residual: $26026 (65%)
MF: 0.00165
Depreciation: $9281
Base monthly: $257.80
Interest: $101.20
Total monthly payment: $359.00
This is assuming you pay all taxes, first month payment, and fees up front. Also, tell the dealer you have an offer from another dealer at $2750 bellow invoice, tell them to match it. They will. With a price of $2750 below invoice your payments would be $323 a month paying all taxes and fees up front. Good luck
12-30-2010, 11:27 AM
#3
You don't specify your tax rate, the miles, and the MSRP; but I'm assuming the MSRP is $40,040 and the mileage is 10K/year due to the high residual value.
These are my numbers:
MSRP: 40040
Invoice: $36862
Sale: $35307
Residual: $26026 (65%)
MF: 0.00165
Depreciation: $9281
Base monthly: $257.80
Interest: $101.20
Total monthly payment: $359.00
This is assuming you pay all taxes, first month payment, and fees up front. Also, tell the dealer you have an offer from another dealer at $2750 bellow invoice, tell them to match it. They will. With a price of $2750 below invoice your payments would be $323 a month paying all taxes and fees up front. Good luck
These are my numbers:
MSRP: 40040
Invoice: $36862
Sale: $35307
Residual: $26026 (65%)
MF: 0.00165
Depreciation: $9281
Base monthly: $257.80
Interest: $101.20
Total monthly payment: $359.00
This is assuming you pay all taxes, first month payment, and fees up front. Also, tell the dealer you have an offer from another dealer at $2750 bellow invoice, tell them to match it. They will. With a price of $2750 below invoice your payments would be $323 a month paying all taxes and fees up front. Good luck
12-30-2010, 11:34 AM
#4
He's only getting premium package. You are getting Premium, Navigation, and Sport packages. Am I wrong? That's why it's lower. Also your quote was for 15K miles not 10K.
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