Eventually, maybe.
Don’t confuse eventually with soon.
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The $3900 is basically taxes and fees due upfront!! WHICH ARE NOT LISTED IN THE DEAL YOU SHARED
ALSO $8000 less MSRP CAR!
ALSO NO MSDs!!!
This also means that FACTORIES are closing! That means shortage of inventory for the next few months!!!
@JMD, If you want to roll taxes and Bank fee into the lease, this is what the deal will look like:
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That’s not what the post says. It says SIGN AND DRIVE , $0 DAS - (or the MSD only). And then $401 + tax. In Florida, you pay 7% tax monthly ($429/$0 down sign and drive). Which means fees are included in the monthly payment amount.
For verification, i wrote the broker to check my assumptions. I’ll update you when he responds.
Yes, paying $6768 more for MSRP of $8000 more on a lease is disproportionately very high. That was my point.
Let me know what he says
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Are the mf and incentives the same in NY as they are Florida?
Exactly the point I was making but people would rather believe dealer lies defending other dealers ripping this guy off.
There are going to be so many cars on the lots it will be worse than 2008 even with factories shut down for a couple of months. Unemployment skyrocketing and everybody else losing thousands in the stock market.
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Did you notice the whole part about the FL lease being for 10k miles and the NY one being for 15k?
Without knowing what the mf/incentives are in each market and/or knowing the selling price for the Fl deal, you’re not really comparing apples to apples
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His ad says:
Year, Make, Model, and Trim: 2020 Lexus RX350
MSRP: $47XXX
Monthly Payment: $429+ tax OR $401+ tax with Loyalty
Drive-Off Amount: $ MSD ONLY approx. ~ $3000
Months: 36
Annual Mileage: 10K
This is a 10k/yr lease that is advertised. That is a $45/month difference in lease payment when you adjust to a 15k/yr
It also states $401 + Tax with Loyalty and $3000 in MSDs.
The $7000 difference includes:
$45/mo or $1620 in mileage adjustment
~ $4000 due to the $8000 higher MSRP
$1500 in taxes
Few hundred dollars additional due to the rate difference due to the MSD rate difference.
Total adjustment of over $7000
For NY:
MF is 0.00045
Residual at 15K: 54%
So technically, if you were to do an apples to apples comparison, it is a better deal than the deal that the broker from Florida posted.
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It should totally be $2000 cheap, cause reasons!
Both of you are not not getting the fact that:
- NY DOESN’T ALLOW MSDs, so higher interest rate.
- You are comparing a 47K car to a $55K car
- 10K lease advertised by FL vs 15K lease in NY
- Taxes are not included in the FL deal
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Look guys, I am making a statement based on what NY allows and based on THIS month’s rates, & residuals. If you are comparing it to a 10K lease, on a cheaper car with MSDs, yes, it is a “bad deal” because you are looking for the cheaper payment and not what the actual deal is. It takes perspective. I have been doing this for 6-7 years. I sell exotic cars and I have no gain in supporting this dealer that I don’t know. I just share based on what I know and what I see.
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Of course the deals are not IDENTICAL. I never stipulated that they were. Using extrapolation, you can determine this person’s $479 plus 3900 payment up front with 15K miles is not great. You consistently pretend i am ignorant and mock me… You seem to enjoy that… Yet you repeatedly don’t seem to have the ability to extrapolate. Since you REFUSE to do that, your arguments fall flat. I don’t care how many years you have done this… If you cannot follow my logic your experience is worthless.
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Carl, All I am asking is, take the deal that you sent here, Add the following: Sales tax, Higher MSRP, Mileage adjustment for 15K and higher interest rate.
You seem not to understand why this is a better deal than the one that the FL broker posted. I broke down every reason for the difference in the payment but you seem to go based on vague math that give you the idea, “higher payment = bad deal.” That is just ignorance. Do some math and you will get it. Please take a moment and go to the Lease calculator and do the breakdown of the lease and you will get what I am saying.
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Your logic was that this deal was disproportionately more expensive. When you factor in the differences of leasing terms, your logic was wrong. No need to be an ass about it.
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For my wife I secured a 36/15 lease with $4K DAS on a $47K MSRP 2019 RX350 for $425/month including tax and everything else about a year ago. Hope it helps your prospects. Good luck!
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Here’s some insight on a Lexus deal getting done
Way better incentives, better MF, better RV on an outgoing model year. Pre-incentive discount is better too, but that’s only by about $1k.
Fredy I would defend you here but it’s too early and I just started my sipping my coffee…
I would just stop responding and let this guy figure it out the hard way 
Both these guys are so wrong it’s comical. Have them keep hanging on to their hopes and dreams of finding that dealer that will blow this deal out of the water.
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here is some good insight that another member on this forum posted not too long ago which is going to shed some light on how dealers going to play ball from here out. I believe it was @mp11477 who said it but I may be wrong…
the deal OP is getting is already basically $2,500 under invoice and you guys are arguing that this is a horrible deal and giving opinions on something when you have no clue what your talking about.
Just a couple points to make which @fredyge94 already did but you keep on arguing with him so I have to chime in.
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Florida car is a 47K MSRP CAR and your comparing to a 55K MSRP CAR. (8K difference in MSRP that is being ignored for some reason)
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Florida deal is for 10K miles this is for 15K miles.
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Different sales tax between Florida and New York (New York is higher) and the way they calculate it is vastly different as well.
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OP lives in New York and if the dealer is a New York dealer than he’s not allowed to do MSD’s which takes them out of the equation completely. ( resulting in higher money factor)
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Money Factor isn’t marked up, residual is correct, invoice on the car is roughly $52,150 thus making this a $2,000 under invoice deal at $499 BUT than the dealer lowered the price to $479 making it roughly a $2,500 under invoice deal.
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On top of everything I just mentioned, they are giving him an extra $500 in rebates and I’m not sure what for, but for NY region there is $1,750 in lease cash and another $1,000 for loyalty and they have the lease structured with $3,250 in rebates so IMO he is actually making out pretty good on this one.
with all due respect Mr.Carl, you’ve been on this forum for one month and this is the first topic you’ve even responded on so I’m curious as to where you get your credentials and expertise on this topic in order to be acting like such an arrogant prick lol.
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