[Pitts]

Black on black not my preferred color but that’s what the dealer is offering. Has the following upgrades:

Drivers assistance
Exec package
20” wheels
Apple Play
Bowers Wilkin sound system


Is that a good deal??? What did you guys get on your lease? Should I wait on different color options?

[DallasLife345M]

What’s the sticker? And what’s the price you’re getting it for?

[Pitts]

$115,295 with all options listed above.

[NaciernoF10]

Doesn't sound like a bad deal considering msrp is around $117k-$120k. I'm trying to see how my quote was also it was an Msrp of $118k 36/months 10k miles 1349/mo 7k down.

[DallasLife345M]

That’s sticker. What’s the price you’re getting it for?

[Pitts]

Doesn’t matter price on a lease...I’m only concerned about monthly payment and zero down as I’m not keeping it after I’m done.

[frankchn]

Originally Posted by Pitts

Doesn’t matter price on a lease...I’m only concerned about monthly payment and zero down as I’m not keeping it after I’m done.

You need the MSRP and selling price to tell whether it is a good deal. Assuming full leather, you are looking at $118,795 selling price after destination and gas guzzler.

At 60% residual for 12K and a 0.00156 MF, you should be looking at a $1616 payment before taxes.

[DallasLife345M]

Originally Posted by Pitts

Doesn’t matter price on a lease...I’m only concerned about monthly payment and zero down as I’m not keeping it after I’m done.

Not a good way to do it. You need to know the numbers to understand what kind of deal you’re getting and if it could be better. Are you getting 3k, 4K off? You have no idea. However, from the numbers you did provide it looks like he is probably taking 3-4 k off. Not too bad. I’d push for 5k off or more and get the monthly payment down to about 1650 or less.

[DallasLife345M]

Originally Posted by frankchn

You need the MSRP and selling price to tell whether it is a good deal. Assuming full leather, you are looking at $118,795 selling price after destination and gas guzzler.

At 60% residual for 12K and a 0.00156 MF, you should be looking at a $1616 payment before taxes.

This.

Even better than my quick calculation.

Since yo don't know numbers..Say you'll give hime $1550/mo and work up from there. Have a hard limit mentally of $1620.

Ask him about TTL.. are they covering this?? If they are then take the 1699.. that is a good deal bc ttl is about 7500 on 115k.

[DallasLife345M]

An even better idea.. get the details of all the numbers, research and see if it's a good deal, or post the details on here. I cannot stress enough how not knowing the numbers and just looking at a monthly payment is a horrible way to do any car deal.

[ImGoingPlaces]

god this is depressing. cant wait till we start seeing some normal discounting

[swanson]

So you're getting it for MSRP? No discount? At $115,295 and 36 months and 12k miles/yr, you're looking at a base lease of $1570 a month. I looked up your tax rate and its 8.25%. When I run the numbers with your taxes, the monthly is now $1699 as you were quoted. You'd have to come up with registration and fees. I would say that it is not a good deal because you did not receive a discount on the car. Otherwise, the numbers are correct.

[POBA]

Originally Posted by DallasLife345M

This.

Even better than my quick calculation.

Since yo don't know numbers..Say you'll give hime $1550/mo and work up from there. Have a hard limit mentally of $1620.

Ask him about TTL.. are they covering this?? If they are then take the 1699.. that is a good deal bc ttl is about 7500 on 115k.

Sorry, what is TTL?

[swanson]

Tax and title

[POBA]

Originally Posted by swanson

Tax and title

Thank you!!

[ImGoingPlaces]

Originally Posted by swanson

So you're getting it for MSRP? No discount? At $115,295 and 36 months and 12k miles/yr, you're looking at a base lease of $1570 a month. I looked up your tax rate and its 8.25%. When I run the numbers with your taxes, the monthly is now $1699 as you were quoted. You'd have to come up with registration and fees. I would say that it is not a good deal because you did not receive a discount on the car. Otherwise, the numbers are correct.

Mostly everyone is paying MSRP right now, only a couple people reported getting any discount, in fact some dealers are charging a mark up

[swanson]

Originally Posted by ImGoingPlaces

Mostly everyone is paying MSRP right now, only a couple people reported getting any discount, in fact some dealers are charging a mark up

California doesnt count. Bunch of retards over there. A lot of people are getting some sort of discount on the forum. May not be a huge discount, but its something. I wouldnt pay MSRP no matter what.

[Pitts]

Here’s the numbers:

MSRP $115,295 with all options listed above
$4500 off
TTL $4778

$1699/mo
0 down
36 months
12k Miles

That look right?

[swanson]

What fees are they charging you? Looks like they're making a lot of that discount back by charging a lot of fees.

[swanson]

I get a base price of $1436.51+$118.51(taxes)=$1555.02. There are $5100 in fees somewhere they are adding to your payment.

[ImGoingPlaces]

Originally Posted by swanson

I get a base price of $1436.51+$118.51(taxes)=$1555.02. There are $5100 in fees somewhere they are adding to your payment.

without knowing the money factor he was quoted this is all speculation and pointless

we need

MSRP
SELLING PRICE
RESIDUAL
MONEY FACTOR

[swanson]

Of course, but I'm going with the standard numbers of 60% residual and .00156 money factor.