I’d like some feedback on this deal in Norcal. $1000 down, 36 month, 36,000 miles. MSRP: 53,700. $2200 dealer discount. Selling Price $51,500. $7500 rebate. My price $44,000. 9.25% taxes. $748 fees. .00265MF and 61% residual. Payment $594 per month.
For some reason can’t get the calculator to work correctly to verify the payment, its always off a bit.
Is this a solid lease deal?
I plugged in the numbers and got $530 from the calculator. Are you paying ~$3K as Due At Signing or rolling that into payments? CALCULATOR | LEASEHACKR
Maybe that is what I am missing in my calculations. How can I determine what is due at lease signing that is not shown in the calculator? I entered the $1000 down, and it should automatically calculate the first payment in there. Not sure what other fees I will pay at lease singing that aren’t entered into the calculator. Appreciate your insight in advance!
$1000 is drive off (DAS) then this is your calc. Is $1000 down payment or DAS?
That is just the down payment. How do I determine what is due at signing? Ask the dealer? Is that not included in the calculator estimate based on the numbers?
Ask you dealer what the DAS and monthly is? DAS means due at signing. Dealer usually gives two numbers: DAS aka drive off and monthly. I have a feeling you confused DAS and down payment which are different things (you can read up on it in leasing 101).
If your deal is $1000 DAS and $594 a month then my calculator is correct (off by $3). Just ask the dealer to clarify.
It was just listed as “Customer Cash” on the quote. I’ll have to clarify with the dealer. If that is the DAS amount, then I remove the $1000 from my calculator? How do I input the DAS amount into the calculator?
I have another quote where the dealer assumed I would put nothing down at signing, and 35 payments left. So how would i use the calculator to assess that deal?
This is what I get using rv and mf from edmunds - https://leasehackr.com/calculator?make=&miles=12000&msrp=53700&sales_price=51498&months=36&mf=.00281&msd=0&dp=1000&dealer_fee=750&acq_fee=650&disp_fee=0&taxed_inc=7500&untaxed_inc=0&rebate=0&resP=59®_fee=500&sales_tax=9.25&demo_mileage=0&memo=&tradein=0&fin_sp=0&fin_taxed_fee=0&fin_untaxed_fee=0&fin_term=60&fin_apr=1.85&fin_dp=0&fin_rebate=0&fin_ps_rebate=0&keep_term=60&exp_rv=0&monthlyTax_radio=true&bmw_demo_25=true&lease_result_mode=true
It’s an ok deal.
If you don’t mind driving down to pick up your car and your broker picking the color for you, here is a better dea
Your calc is $3700 DAS, my calc is $1000 DAS.
OP: you don’t input DAS into calculator, ask dealer what the (DAS) drive off and monthly is or you can upload your deal sheet so others can look at it and clarify. Have you read leasing 101? Sometimes DAS includes MSD but I don’t want to confuse the issue further.
Here is my quote sheet. How do I input this into the calculator? I must be missing some numbers.
Quote- SEL AWD.pdf (75.8 KB)
From OP’s deal sheet, it’s $1000 DAS as I suspected, then my calculator is correct.
OP: remove your personal info when you upload, you might be better off just get it from Jeff.
Good luck!
My man, brokers are doing $4k off in CA 🐶 AutoCompanion.com Oct Hyundai California Only - $4000 off Ioniqs - Firesale on Gas Models $399 Fee - #27 by EV0331
Your deal sucks.
This is what I get - CALCULATOR | LEASEHACKR
You’re paying $1k cap cost, first month, and taxes on incentives at drive-off, and rolling in acquisition, dealer fees, tags, and registration into the lease.
Your calc is wrong, did you see the deal sheet, it’s $1,000 DAS. Just do the negative down payment so that drive off is $1000, that’s how it works. But anyways, it is not a good deal.
Be quite honest, if you go with a broker, you’ll be getting a bigger discount, but after you factor in the 12k/yr mileage, broker fee, and shipping to NorCal, you’ll only be saving $800. It’s mainly your 3 year 12k/yr that makes this lease deal higher than comparable ones on LH. Your tax rate doesn’t help either.
Thanks for the tip, I edited the upload.
I can’t change the tax rate, so that’s a fixed variable regardless of where I buy it. But sounds like from the assessments I should still be able to negotiate from $2,265 to $4000 off. Where else do you see in the numbers that I could work out a better deal?
Yeah, that’s about it - a bigger discount on msrp, with no add-ons or mf bump.
Don’t tell the dealer how to do their deal. Just offered a drive off and monthly. Like “I can do $1000 drive off and $500 a month”.
