When I asked about the $7500 rebate, I was told “it will go to the bank” which probably means its being added to increase the residual value, although I don’t know if the above residual value includes that.
If a subpar deal, which part can be further negotiated?
Good day! Yes, the $7500 is used to inflate the residual.
You definitely have more room to negotiate. Try to get 5-9% off the MSRP.
I got a quote for $570 p/m with $2,150 down to cover taxes and fees. I negotiated for 3 days straight.
2025 LUX Demo $65k MSRP
$55k selling price
24/12k
$5k off MSRP plus $5K rebates.
0.00522 mf! (this and insurance blew the deal)
My credit needs work but still got a good deal. Look for 2024 or loaner. You need to bargain like crazy. I didn’t take the deal because I will repair my credit first. If I was tier 1, this payment would be $400+ p/m