Best time to reach out to brokers?

Ask the Hackrs
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29

Thank you! Any thoughts about Ramsey Volvo (NJ)

30

Don’t know them. Like I said - incentives are lower in NJ than in MD, I think.

Edit: yep, it’s $2K in NE and $3,300 in the South, so well worth it to go to MD

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XC90 T6 Mom 7 Passenger
Advanced Package / Booster Seat / 20" 5 Multi Spoke Wheels

10k/36
Monthly: 568.73

Sales Price: 53540
Adjusted Gross Cap: 57036.50
Costco Rebate: 1250
Cap Cost Reduction: 4827.59
Residual: 37344.00
Depreciation: 14864.91
Rent Charge: 5609.37

Total Payments: 26074.28
Disposition: 350

Still learning, but what’s the difference between the Sales price and adjusted gross cap? (how do they come to that number?)

How do I calculate the MF on this?

Thoughts?

32

@SDriver - No need to post your deal here. You already created your own thread. I did provide you with some feedback on your deal.

1 Like
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I seemed to have been scolded by the moderators for putting it in a separate thread, which was removed!

34

What is the MSRP of the car?

DO NOT put any money down on a lease. It is a bad idea. You will lose that money if the car is stolen or totalled.

Adjusted gross cap “usually” includes any fees (acquisition fee, dealer fee) you choose not to pay upfront.

You need to create an account on the Edmunds Forum and request that info.

I would strongly suggest you do some reading on leasing 101: EDITORIAL | LEASEHACKR

FWIW, this looks like an awful deal.

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35

Thanks - what I meant is how do I determine what MF they’re using based on the Rent charge they’ve listed?

My understanding was that the MF would be the (Adjusted Cap Cost + Residual) / Rent Charge - but that number seems off to me.

Any thoughts (I’m presuming I’m calculating incorrectly)

36

MF = (Total rent charge / number of months the lease is) / (Adjusted cap cost +RV)

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37

You could ask them.

38

Thanks - by the looks of it I’m at 0.00174 or 4.17%

39

How does that compare to the buy rate you got from edmunds?

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Last rate I got at Edmunds was 0.00161 or 3.87% - it’s not far off, but yeah.

41

Are you the new scribe here practicing your writing skills?
All you said in 4 sentagraphs was “great deals require flexibility. Speak to brokers and check often”

42

LOL. Yes, a little long winded. I remember what it’s like trying to figure out the leasing thing. Leasing can be a little complex in the beginning. I’m just trying to give a more fundamental explanation to those people trying to wrap their heads around leasing for the first time or for those with a little rust. You leasing veterans can say things to each other in 5 words that really take a sentence or two to fully understand for people with a little less experience.

Leasing is intimidating. It has a unique language, a specialized calculator and the pressure of negotiating with an experienced salesperson whose job is to maximize profits for the dealer (as well as help people find a car that suits their needs). Here I go again writing too may words. Just trying to give people a little more of a roadmap.

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43

And written with no typos and grammatical mistakes. Kudos!

Ps put a TLDR summary as well!!

44

FWIW, keep writing. Learning a lot and don’t mind at all reading through what you have to say.

45

Wll do.

10th grade English teacher made us write - a lot. No mistakes tolerated.

46

I got you Kill Bill :wink:

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47

I have two payments left on my lease from BMW, and interested in getting another BMW lease or finding a broker to help me (first time lease hacking). How soon should I start the process with a broker? Is now too early?

Thanks!

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