Last post on Nov 27, 2007 at 4:02 AM
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Suzuki XL-7, SUV
#11 of 30 Re: Lease question [dashbb]
by kyfdx@Edmunds HOST
Feb 09, 2007 (11:59 am)
It sounds like a balloon note.. It should be similar to the SmartBuy program, but the details could differ..
You'll want to look at the contract for details on turning the car back in, possible end of contract charges, etc...
Usually, they push balloon notes in states where the tax laws make leasing disadvantageous... Where do you live?
#12 of 30 Re: Lease question [kyfdx]
Feb 09, 2007 (10:31 pm)
You're probably right. I live in Illinois where we're required to pay full sales tax on the entire purchase price (Cap Cost) and not on the difference (Cap Cost - Residual); neither a percentage of monthly payment.
Unless you have a business tax deduction, it does not make much sense to lease in Illinois.
#13 of 30 Re: Lease question [dashbb]
by kyfdx@Edmunds HOST
Feb 10, 2007 (1:35 pm)
I agree... a balloon note or a straight finance is the best way to go...
Unless there is some kind of promotion, you'll usually do better with a straight purchase.. The interest rates on balloon notes is usually fairly high.
#14 of 30 Has anyone purchased a XL-7 lately?
Aug 09, 2007 (2:26 pm)
Tell us about your deal!
#15 of 30 Re: Has anyone purchased a XL-7 lately? [seloo]
Sep 05, 2007 (8:24 am)
Has anyone purchased this car?
#16 of 30 I bought one last week...
Nov 07, 2007 (6:02 am)
I bought a 2007 Suzuki XL7 Luxury AWD with Sunroof on Oct. 30 for my wife, from Prestige Suzuki in Asheville NC. I got if for $22,900 - $1,000 Owners loyalty - Trade in. Thats around $4,700 under MSRP not including the owners loyalty plus they gave me a bit more than KBB value for my trade. To follow the forum rules I cant post the salesman name but if someone wants it, let me know. I have a dealer 10 minutes away from me and I prefered to do business with Prestige wich although is 5 hours away they delivered and took the trade in. My wife loves her new XL7, powerful engine, nice comfy leather seats, sunroof, AWD and all the safety features it includes plus the 7yr/100k warranty. I want to thank all the automotive reporter that negatively criticized this vehicle, without them I would have never gotten it at this price. I paid $22,500 for my base Explorer 11 years ago!!! I am a car enthusiast and I really recomend this SUV for the money.
Edit: I financed with my credit union, no weird balloon financing contracts here.
#17 of 30 Re: I bought one last week... [goaterguy]
Nov 07, 2007 (4:19 pm)
Congrats on your purchase, please break down the deal:
Rebates: (The web site shows $3500 in rebates for a 07)
Extra fees (doc fee, prep, etc...):
Price Paid before TTL:
#18 of 30 Re: I bought one last week...
Nov 08, 2007 (5:35 am)
MRSP: $26,999 + 650 freight = $27,649 (you can get this price from Suzukiauto.com)
Invoice Price: $26,569
Rebates: $2,500 cash - $1,000 owners loyalty -2,249 negotiated discount (Actually the web site shows $2,750 + 1,000 owners loyalty in rebates for a 07 in November)
Extra fees (doc fee, prep, etc...): $169
Price Paid before TTL: $21,900 + $169 - Trade
Hope this helps. Like I said maybe November will get you $250 more because of the rebates. If you want the name of the salesman give me an email address.
#19 of 30 Re: I bought one last week... [goaterguy]
Nov 08, 2007 (9:49 am)
Please reconfirm the option package.
This is what Edmunds shows for a 07 AWD Luxury:
(I could not find 07 prices on the web site)
07 MSRP: 26,849 with shipping
$26,849 - 22,069 = $4780 ($3500 in rebates and $1280 discount)
Roughly, $3780 below invoice.
Do you have a copy of the car's window sticker and invoice from the dealer?
#20 of 30 Re: I bought one last week... [seloo]
Nov 08, 2007 (10:17 am)
You forgot to add the Sunroof which is an $800 option.
It is a Luxury 5 seat AWD WITH Sunroof.
I do have a copy of the invoice and the window sticker but they are at home.
It still $26,849 + 800 = 27,649 - 21,900 = 5,749 (3,500 in rebates and $2,249 discount)+ 169 paperwork
$4,669 below invoice.
I am not including the paperwork as part of the MSRP, if you do, you will have to add it to the $27,649.