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Prices Paid: Buying & Leasing Experiences Subaru B9 Tribeca Lease Questions
357 messages, Last post on Nov 24, 2009 at 3:09 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: petergriffin (Mar 15, 2009 8:48 am) When negotiating your lease on this vehicle, make sure to take advantage of the $2,500 cash incentive that is currently available on it. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Car_man I'm new to the lease game and I don't understand what the money factor and residual factor have to do with calculating a lease payment. Can you assist in mapping those figures for what I might propose to a dealership in Houston, TX?
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Replying to: wwsorrells (Mar 24, 2009 6:46 am) Lease payment = Depreciation Fee + Finance Fee (aka Rent Charge) + Sales Tax Depreciation Fee = ( Net Cap Cost – Residual ) ÷ Term (Cap cost is sale price, Net Cap Cost is sale price minus any down payments, rebates, PLUS any and all fees) Finance Fee = ( Net Cap Cost + Residual ) × Money Factor The most common method is to tax the monthly lease payment at the local sales tax rate. This means you only pay tax on the part of the car you lease, not the entire value of the car. For example, if your local sales tax rate is 5%, simply multiply your monthly lease payment by 5% and add it to the payment amount to get your total payment figure. Depreciation Fee + Finance Fee = Xy. Xy + Tax Rate = YOUR MONTHLY PAYMENT. |
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I'm looking to lease a 2009 Subaru Tribeca Special Edition / 9TL. The dealer is offering me the car (MSRP of 33165) at invoice of 29407. How far under invoice can they / are they sell(ing) this car? Money factor of .0016 and residudal of .5 on 36 mo, 15k / year lease.
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Replying to: wwsorrells (Mar 24, 2009 6:46 am) In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible on the vehicle that you want and then have the dealer calculate your monthly payment using its buy rate lease money factor. Check out the linked articles and let us know if you have any other questions. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: davidmlam (Apr 04, 2009 7:08 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: davidmlam (Apr 04, 2009 7:08 pm) |
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I will be closing this deal today, 36 month/10K per year, $360 a month including 7% sales tax with only first monthly payment due at signing. MSRP is $32,753. I had two dealers competing against one another. Original offer was $377 from one dealer. Second dealer offered $363, first dealer countered to $360.00. Second dealer offered to match that $360 again and trailer the Tribeca to me for free but I didn't want their Quartz Silver, just wanted to use them as leverage against my local dealer so I could get a cheaper monthly payment. I don't see how anyone could possibly get a lower monthly payment than this. The dealers were acting like I took their first born. At $377 dealer said they were only making $450 total profit. Yeah right. |
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Hello chuck68516, Thank you for detail on such nice deal, I'm in NJ are and looking for a deal for 2009 Tribeca Limited 5pas 39M/10k with same MSRP, can you tell me what dealership your work with. I will be glad to get same deal as you are  Thank you |
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