2024 - Equinox EV 2LT - deal check

Ask the Hackrs Buy/Finance
1

Could someone please check this lease offer for 2024 Equinox EV 2LT.

• MSRP: $43,790
• Net Cap Cost: $38,931
• Residual %: 77%
• Residual Value: $33,718
• Lease Term: 24 months
• Mileage: 10,000
• Payment (before taxes): $297.11
• Due at Signing: $297.11 ( first month’s payment)
• Incentives: $2,000
• Dealer Discount: $3,000

They didn’t provide MF but with these numbers, I calculated that to 0.0022

The incentives include added ‘educator’ and ‘competitor’s vehicle’

I found a better MF rate from Edmunds. That was 0.00060
With this MF, monthly payment gets down to $239

How do I counter them with this MF?
Does this MF depend upon my credit rating?

This is my first lease.

My goal is to get this for $275 (incl taxes)

I appreciate your response.

2

I’ll take a crack at this for fun even tho I know nothing about these.

I don’t think the money factor is marked up, I don’t see how it could be and you get to 297 with 297 due pre-tax.

I don’t know what MO tax is, or reg, but if we just assume 500 in dealer fees, and the discount you mentioned, I get 305 with 305 due pre-tax using the buy-rate money factor.

As for your target, you need to determine if that’s actually reasonable.

The discount needed may be beyond all invoice and back-end holdback/bonus money, and therefore, not reasonable.