Best time to reach out to brokers?

Ask the Hackrs
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21

What’s the best way to counter on the MF? I’ve can see that number on Edmunds.

Do I just say I want 0.00148?

22

Negotiate, and edmunds doesn’t matter unless you negotiate yourself.

1 Like
23

One thing I haven’t quite figured out is how the MF is determined. Does the manufacturer set it or is it done by a current market value?

Trying to figure out my footing for asking it to come down.

24

Financial service sets it, Ally, Volvo Financial, BMW Financial, etc.

25

I have it - and I’ve got the voucher for it already. Obviously trying to close this all tomorrow if I can.

26

Who’s your dealer in MD? MD has higher incentives on XC90, I believe.

27

Ourisman Federick

28

They suck. I will PM you contact at Annapolis, see what he can do for you.

1 Like
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

31

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
33

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.

1 Like
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)

3 Likes
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?

40

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