Quote:
Originally Posted by toddwalton
2019 Actual:
$77,595 (Car + $995 destination charges)
Gave $6,000 cash at delivery
Got discounts from the dealer in 2019, don't have the detail.
0.0167 money factor
59% residual
$899 per month 36 months, 10K miles per year
2023 Quote:
$80,095 (Car + $995 destination charges)
Will receive $9,200 equity from the 2019 X7
0.0200 money factor
52% residual
$1,250 per month 36 months, 10K miles per year
It doesn't make sense to me how a) a car that is only $2,500 more than the 2019 and b) has $9,200 in equity from the 2019 could be c) $350 more per month. I'm not sure if I got some fantastic deal back in 2019, if the supply chain world we live in today has made the prices jump tremendously, or if I'm being given an awful quote and being taken advantage of.
Any help appreciated.
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off the bat the residual right now is much worse. you're paying an extra almost 7K in depreciation over the course of the lease.
thats 200/month right there.
interest is up by almost 1% ( 0.00167 vs 0.00200) thats roughly an extra 50 per month.
discounts back in 2019 were about 10% roughly the "equity" from your old lease. there are pretty much no discounts now, some dealers are discounting the 2022s on the ground at 5%
i get a payment of roughly 1337 before tax assuming no discount for the 2022. im guessing that about 3600 of the equity is going in as c cap cost reduction, the rest going to tax and driveoffs? are there any add ons? markups?
if you have the details of your 2019 deal, plug them into a lease calculator then change the RV and MF to match the current.
if you run the current numbers through a lease calculator, it should be pretty clear where the increase is coming from