Can you all see what I am doing wrong? Why am I not able to match this up to the quote they gave me?
I suspect it is because they are going to ask you for $1K down plus first payment at signing.
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I think my link below is more representative of what they’re trying to do.
Dealerships like to quote without sales tax, and I think that’s what they’re doing here. Also, the $1,000 is a down payment (cap cost reduction)… while you were trying to use the $1,000 to pay for the inceptions.
They say $1,000 due at signing, but that’s a dealer trick. For normal human beings that aren’t dealership employees, “due at signing” is going to be:
down payment (in this case it’s $1,000) +
non-capitalized Inceptions (in this case it seems all inceptions are capitalized) +
First month payment
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^^^^^^^^^^This makes sense^^^^^^^^
Should I counter with $1500 out of pocket and $400 per month including tax?
It’s not really a counter if you’re paying more cash down to reduce your monthly. You’re simply moving numbers around the lease structure when you do this.
However, it is a counter offer to ask the dealer to pitch in more discount to get the pre-tax payment down to around $400.
Before you counter though - make sure it’s a deal you will actually want to sign if they accept. It becomes a waste of time if you ask for more dealer contribution then still go “ehhhh still thinking about it”
Also, consider that people on LH (except for @Ursus) typically hate leasing Subarus since this site has become very anti-leasing for certain brands. So you probably won’t have many people here happy for you if you get the dealer to increase their discount off MSRP to 9.3% and sell at their cost before capitalizing taxes/fees of $35,515.
I leased one and financed two lol. Had nice equity in all of them.
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Agreed. No sense in mudding the waters!
Understood. Always say if you can do this I will be in later to sign.
Which is too bad because $400 per month on a $40000 quality car isn’t bad whatsoever!
At 59% current RV on the lease, you will have 62%+ after 36 months.
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And with the lease, Chogers won’t have wasted too much of his equity cash (principal payments in a loan/financing) tying it up in a depreciating asset.
And he can buy it after 36 months, if he wants to keep it.
Nah, this is LH. We like to roll equity into new leases to get the latest and greatest heh.
Drive a car for 48+ months? Boorrrrrringgggg
My attempt at the calculator but I am not getting what they are getting. And they said they did away with the MF. Should I run?
Where did you get 66% RV from? Their RV is 64%, but the highest is on Sport at 60%. What trim?
Vehicle changed to Outback.
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