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Mitsubishi Outlander Lease Questions

52 messages,  Last post on May 02, 2008 at 4:36 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Mitsubishi Outlander, Car Leasing, Car Buying, SUV


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#19 of 52
Re: another offer [bimmer_girl] by mrmister2000
Jan 15, 2007 (5:57 pm)
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Replying to: bimmer_girl (Jan 15, 2007 5:27 am)

I'm wondering how if paying the entire tax up-front would affect a situation such as the vehicle being totaled while still under lease? (I know, not exactly something that is fun to think about, but something that is still useful to know.)
 
What I mean is, is it a bad idea to pay the entire sales tax amount up front for the same reason that it is bad to make a larger down payment than is necessary up front? If the vehicle gets totalled and the entire tax amount had been paid up-front, is the person entitled to a refund of the taxes paid for the months that the vehicle was no longer in the person's possession due to it having been totalled (and if so, does the person have to wait all the way until tax time at the end of the year to get this tax money back?)... or does having paid the entire tax amount up-front leave the person at a loss similar as to like with a larger down payment having been made, in that the insurance company covers whatever balance is still owed and whatever costs had been paid by the lessee up that point never gets recovered?
 
Does anyone here with leasing experience possibly know the answer to this rather confusing question? Thanks in advance!
#20 of 52
Re: taxes on the lease [mictra] by ryce69
Jan 16, 2007 (12:22 pm)
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Replying to: mictra (Jan 11, 2007 8:57 am)

Different states,counties and cities compute sales tax differently.Some states charge sales tax on the selling price of the vehicle ,some states tax the payment as you mentioned above.Some cities will also impose additional taxes on the payment after the state takes its cut.
#21 of 52
Re: another offer [mrmister2000] by ryce69
Jan 16, 2007 (12:53 pm)
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Replying to: mrmister2000 (Jan 14, 2007 8:57 pm)

Actually what it sounds like is she went to the original dealer on 12/30 and was quoted figures based on the month of December.Then she returned in January and was quoted figures based on the current month.It is NOT, in her words "bullshit".Many manufacturers change their offers and deals from month to month depending on how they want to spend their money.A monthly payment can vary $10 to $20 if a money factor or residual is changed(and yes this can all happen without the dealer jacking up the price)..There absolutely are some horrible Dealers out there but it is Not always their fault.
#22 of 52
Re: taxes on the lease [dodo2] by ryce69
Jan 16, 2007 (1:19 pm)
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Replying to: dodo2 (Jan 11, 2007 6:21 pm)

"Always negotiate the vehicle price starting from the invoice price and then calculate the monthly payments".I agree if you have made your decision on one particular model.However if you are comparing different makes of cars selling price may not ultimately be the most important.For example a Mitsubishi Outlander may have a higher selling price then a Toyota Rav 4 however there maybe a stronger lease program or APR program from the manufacturer that ultimately brings the monthly payment on the Mitsubishi lower. Always remember to examine the deal as a whole not just individual parts.....
#23 of 52
Re: 2007 offer [bimmer_girl] by Car_man HOST
Jan 21, 2007 (8:44 am)
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Replying to: bimmer_girl (Jan 05, 2007 1:32 pm)

Hi bimmer_girl. You never mentioned the selling price or MSRP of the Outlander that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
 
Car_man
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Prices Paid Forum
#24 of 52
Re: 2007 offer [bimmer_girl] by Car_man HOST
Jan 21, 2007 (8:51 am)
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Replying to: bimmer_girl (Jan 08, 2007 9:35 am)

A 60 month lease, . You were right to turn that offer down, bimmer_girl. Like I mentioned in my earlier post, you need to negotiate as low a selling price as possible on this truck and then have the dealer that you are working with calculate its lease payment using Mitsubishi's buy rate lease money factor. When negotiating this truck's capitalized cost, its selling price, make sure to take the $1,000 lease cash that Mitsubishi is currently providing on it into account. The current buy rate for a 36 month lease of a completely loaded 2007 Mitsubishi Outlander is .00327.
 
Car_man
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Prices Paid Forum
#25 of 52
Re: taxes on the lease [mictra] by Car_man HOST
Jan 21, 2007 (9:01 am)
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Replying to: mictra (Jan 11, 2007 8:57 am)

Hi mictra. The methods that are used to calculate sales tax on leased vehicles vary from state to state. If you tell me what state you are in I would be happy to tell you how it is done in your area or if I don't know direct you to some web sites that might have an answer for you.
 
Car_man
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Prices Paid Forum
#26 of 52
Re: 2007 offer [dodo2] by Car_man HOST
Jan 21, 2007 (9:03 am)
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Replying to: dodo2 (Jan 12, 2007 4:59 am)

Hi dodo2. The 2007 Outlander's lease program varies depending upon what trim level you get, how long you lease it for, and its mileage allowance. I would be happy to give you an idea of what this truck's current lease program is like if you provide me with that information.
 
Car_man
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Prices Paid Forum
#27 of 52
Re: 2007 offer [Car_man] by bimmer_girl
Jan 21, 2007 (3:36 pm)
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Replying to: Car_man (Jan 21, 2007 8:44 am)

Hi Car_man,
 
In fact, I leased the Outlander Friday afternoon. I paid invoice for it. I absolutely love the car! It's so amazing. The folks at the dealer i finally chose were so nice and patient with me as they tracked down the only black on black XLS with navigation in the entire state of Texas, and now, it's mine! Pictures will be posted in the picture thread.
 
Kristina
#28 of 52
Re: 2007 offer [Car_man] by mrmister2000
Jan 21, 2007 (7:18 pm)
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Replying to: Car_man (Jan 21, 2007 9:03 am)

Hi Car_man,
 
Could you please possibly give me an idea what the lease program/APR/lease money factor rate would be for the following?
 
AWD Outlander XLS
Sun&Sound Package
Luxury Package
Navigation Package
10,000-12,000 miles per year
36-month lease
 
Thanks!
 
P.S. Bimmer_Girl, congrats on your new Outlander! I know you're loving every second of it!

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