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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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#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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#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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#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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#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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#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!
#29 of 52
Re: 2007 offer [mrmister2000] by bimmer_girl
Jan 21, 2007 (7:32 pm)
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Replying to: mrmister2000 (Jan 21, 2007 7:18 pm)

Thanks mrmister2000, it really is awesome. I think I recall you mentioning you qualify for the Education Edge discount too, go for it! I also got 1000 lease cash due to a current lease incentive, so i got basically $1500 knocked off an already low invoice price. 36 month lease, and used my currently ending 2004 civic lease as a trade in to save on sales tax.
#30 of 52
Re: 2007 offer [Car_man] by dodo2
Jan 21, 2007 (7:49 pm)
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Replying to: Car_man (Jan 21, 2007 9:03 am)

Hi Car_man. I'm in Canada so it would not apply. I was asking about the lease rates just for reference and because they are not posted on Mitsu web site. I found that wired.
#31 of 52
Re: 2007 offer [bimmer_girl] by mrmister2000
Jan 22, 2007 (2:35 pm)
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Replying to: bimmer_girl (Jan 12, 2007 5:30 am)

Hiya bimmer_girl,
 
This sorta' relates to a lot of your previous posts and I'm just trying to get as accurate an idea as I can of what you had paid for your new Outlander, which discounts you qualified for, and what the actual down payment was relative to these.
 
From what I know, it seems like you got your truck for an Invoice of around $27,277 (including destination, excluding taxes), minus $1,000 lease cash-back, minus another $500 college grad rebate... for a negotiated leasing price of around $25,777 before taxes. And to this you had put an additional $1,000 or $1,500 cash down payment on top of that. Is that right? Did they also require a separate security deposit from you separate of the down payment?
 
I was just asking b/c when I plug these numbers into the Leasing Calculator on the Edmund's site the monthly payments with the above numbers and a security deposit of around $450 the leasing cost comes out to around $412/month before taxes, assuming a money factor of .00327 and a residual value of around $15,000 dollars.
 
That is quite a difference... $412/month as opposed to around $300/month ... which is why I'm trying to figure out your particular scenario. Are some of the assumptions which I had made above incorrect?
 
::Continues to scratch head ::

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