mllcb42 - thanks for the info. I will verify from another source if the rv and mf are accurate. The dealer verified the incentives as the $7,500 tax credit being passed onto me plus $3000 lease loyalty.
The $5000 should be cap cost reduction. Taxes on that are not enough to make the difference in this deal.
It’s within $350 if we assume they’re considering the $5k DAS and not $5k down.
Still not correct, but much closer. I would triple check with them as to what the actual cash amount DAS really is here. With that said, after the incentives are backed out and you’re adjusted for buy rate mf, you’re at 7% pre-incentive, which is by no means a stellar deal.
Yeah that’s what I’m thinking. And when I told the dealer that we should be closer to $202, I was basically told to take a hike. Seems like they just want to hold fast to their not so good deal.
You’d need to be at about 13% pre-incentive to get to that price from where you’re currently at. Is that a number that’s substantiated based on research on comparable deals here?
I still suspect the confusion here between you and the dealer comes down to the definition of money down. I’d bet that you’re saying money down and they’re hearing money due at sale. If you frame your $202 ask in that context, to get them to where you think they are is another $2700ish discount.
I also don’t see your spreadsheet capturing the tax on the incentives where appropriate.
Here’s the spreadsheet with all rebates, etc. as taxed. It is under “Amount Due At Lease Signing” section, highlighted in yellow. $15,500 “down” and $1,588.75 is tax. Thoughts?
mllcb42 - that’s a very helpful way of looking at it. Thank you!
I have spent a little time looking around and can see that the MF wasn’t correct. It seems like it should be .00082 as this number has been confirmed with 2 different dealerships regarding an i3 lease. The residual is either 56 or 57.
That’s the first place I go. However, Edmunds is showing no lease numbers. People keep asking for December MF and RV and the moderator keeps saying “I do not see any lease programs for the 2020 i3, for December.”
Does i3 Rex eligible for CVRP? If it does and if you qualify for utility rebate that’s another $2500 or more you might get back post sales (depending on your eligibility).