I am new here and I need help to check if the calculator configuration I did matches the initial lease agreement I got from the dealer. Thank you in advance!
MF as per the dealer is 0.00425 (it seems marked up)
Sales tax rate of where the dealer is located is 10.6%
The dealer had added a “Theft Protection” value add that I’m not sure where to put in the calculator so I added this cost to the selling price. Let me know if this is wrong.
The monthly payment I’m getting is still off than what’s in the sheet so either I missed something or the MF shared with me was inaccurate.
I think your down payment amount should be $1000 so the total due at signing is closer to $5000. This makes your monthly payment closer to what they are quoting you. Good lord that is a horrific lease though. I actually had a preorder for one of these when they were first announced and supposed to be like 30-35k but never would have paid this for one. You could lease a BMW iX for much less than that despite it costing 2x as much at msrp. Or a polestar 3 for 1/3-1/2 that cost. Or an Audi q6 for less. Or Hyundai Ioniq 5 or 6 for 1/2 the price. All much nicer cars I would think (except maybe the Hyundais)
Ah you’re right on the 1K down payment, thank you.
Agree on the lease being horrific. We were super excited to have received the mail that it was here and when I saw the lease details I was shocked. More so because we were looking at a Polestar 3 (just out of curiosity) and that has lower cost compared to this.
Am I understanding it right that the MF is making this deal awful? Or is it also the lack of discount to the MSRP because of it being new?
I do plan to still talk to the dealer and see how far they would go with this lease. I’ll try and share as much as I can here as I know this car is new to the market.
Yeah, MF is really bad (over 10% interest rate, compared to something like 0.6% on a BMW IX for instance). And no discount off MSRP in addition to only $7500 in lease cash (where other EVs like IX are going for 10-13% off MSRP with $10k+ lease cash). Residuals seem fairly standard, so it’s the combination of discount off MSRP, MF, and incentives that make it really bad. Since it’s brand new it’s likely to be a number of months before they start incentivizing these more, since I can’t see them selling many of them this way.
Could also look at VW ID.4 - saw a couple broker posts in the NY area for something like $2500 due at signing and $150-200/month for a car that is same MSRP as the EX30. Those plus Polestar 3s seem like the great choice at the moment.
