Hi All. I just did this deal please tell me how i did. What can i do to get a better deal next time. I had a 13 lexus gs350 f sport with (-)equity, Pay off amount was 27,200.68. See the work sheet for all the details.
Thanks in advance.
Was the $45,776 the MSRP of the truck?
no that was the sale price, msrp was $49,195
What was the rebate for/from?
i didn’t ask they just said that was the rebate that day on the truck since it was 6pm on a Friday on the last day of the month. I was able to get supplier pricing through my discount at work so they said they didn’t tell me what it was. They did not give em a breakdown of the rebates.
That’s pretty high for a RAM - but it’s also a 50k truck.
The Express is usually the ‘lease’ truck. <$300 with zero down or due.
i had to carry over 6300 in negative equity from my trade in with out it im sure the payments would had of been around 350 or less
ahh I skimmed the foursquare
is it 24 or 36?
Big Horn is a regional lease program.
this lease is a 36mo/10k
You’re right on the money - 6300/36 = 353.
US Bank is the company for truck leases too. They’re got the strong programs.
Man, my negative equity would only be about 70/mo and I couldn’t make myself do it. I hope you really needed a truck!
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Did they just cut you a check for the negative equity and you return your lease to Lexus? Curious on that process.
They usually send a check to the financial company and hold your vehicle until someone comes to get it.
Unless - you want to keep it.
Depends if it was a buyout or a payoff.
Yea just wondered how it usually worked. I assume just the remaining payments is more likely. What happens if something happens to the vehicle while it’s left there? I assume the lessee is still responsible for the damage.
Sorry to thread hijack, just curious.
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It’s on the dealers lot - their insurance would cover it.
My dealer was in a rough neighborhood - like we took all the radios out of cars when they showed up.
Someone turned in a F-150 lease, the next morning it was missing everything…!
So they must inspect it there when you ‘trade’ it and then the financing company inspects again?
Thanks for the info!
No i had financed the car. it was a bad loan and it was at the point where i needed to make a move before i was stuck with the car. They did not cut me a check they just did a payoff and kept the car. it is still sitting on their lot.the expected payoff date was 05/21/21 the payment was 550 on it and it had 80k on it and the extended warranty was up this year. I needed to put tires on it every year at 275 a tire. I my mind i was just trying to make the best financial decision.
What is the leasehackr score for this deal just curious. I don’t know what goes where on the calculator.
I think you did okay. I just ran this through Chrysler and you are about the same despite our lower advertised price. Our bumps hurt our deal.
Here is what we are advertising. Mind you we add freight back into our internet price ($1320). Our processing fee is $795 and we bump the rate by 1%, but you still made out on a similar MSRP. Here are the numbers on this truck:
MSRP: 49730.00
Selling Price: 38757 (internet and freight)
Dealer discount and rebates: $10973 (4500 Taxable)
RV: 49%
MF: .00053
Processing 795.00
Acq Fee - 595
TAX ??
US Bank Beats Chrysler…
Great Job especially considering the negative equity situation