Of course I would insist on having the service fee and tint charge removed. Anything else?
The 1% might be the inventory tax. That’s pretty standard in Texas when you get the preferential tax rate. What’s the breakout on the discount and rebate?
As long as it’s with base MF, it’s a decent deal for Texas.
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in Texas, figured I could live without 4WD.
trading in current lease (which I’m over pretty bad in mileage)
Are you $8,000 negative in mileage charges? At 25 cents a mile, that’s 32,000 miles over.
no, about 9000 miles over so $2250 in overage charges. Lease buyout is 36100 and appraisal is 28000 (which i had to fight for)
My situation is, 9000 over miles on my current Audi trade in due to job change - and valued at 28k vs payoff quote of 36k so not in the strongest position, to say the least lol
Never considered shopping the trade separately?
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Yes but a couple appraisals put it at 26k so they are giving me a bit of a premium by bumping it to 28k
If it’s the best you’ve secured so far you literally have less than 8 hours to execute on it. Lender tax credits are dead in the water as of COB tonight and you’re in for another $60+/mo at the bare minimum if nothing else changes in the programs.
Then just ride out the lease. That $6,000 extra in negative is costing you $180 + tax and interest per month.
Thanks. How are you calculating that? Sadly need the SUV this month so not an option
Every $1,000 is about $30 a month on a 36-month lease, so it’s slightly less on a 39-month lease. But, since you’re taxed on the selling price in Texas, the impact is a little bit more. Therefore, $6,000 is about $180 per month plus tax and interest.
Why not just rent an SUV if you need it this month? You won’t spend $6,000 on a rental. How long is left on your current lease?
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Nine months - but of course this will take my overage at the end up to like 18k miles
Please refrain from starting multiple threads about the same topic. You can ask all of your questions about your current car and proposed deals on new cars here.
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But you’re getting 9 months’ use out of it.
Rolling in negative today doesn’t give you that. It’s just more debt.
Start saving for the mileage fees at the end of your lease if the cash isn’t in hand.
18,000 miles at 25 cents a mile is $4,500, so this deal requires you to pay about double that.
I of course see both of your points, when plugged into Gemini, I’m giving the following math and conclusion. I think the only thing off is Gemini not assuming I would also get a decent discount on a new X5 in nine months as well, even if not as good as today’s
Math might not be so messed up. We may not have lender tax credits available in 9 months which is easily saving you over $2,500 today.
If you really need the new car you’re unlikely to do much better than right now at 23:59:59 on the last day of the current programs.
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Appreciate your thoughts. Happy new year
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