So received this proposal from a deal for a lease on an Alfa Romeo Tonale Veloce. See attached file. I have been communicated, that $4000K is the drive off amount, and 24 months of 757.42 (that includes the tax).
Highlights are:
MSRP: 59,340
Discount: 1,700
Selling Price: 57,640
Aftermarkets??: 598
Doc Fee: 85
License Fee: 682
Gross Cap Cost: 58,238
Cap Cost Reduction
Cash down: 4,000
Total Rebates: 7,500
Amt Applied Upfront: 2,268.78
Total Cap Reduction: 9,213.22
Net Cap Cost: 49,024.78
Residual: 66%
Residual: 39,164.40
Payment:
Term 24 months
Rate/Money Factor 7.75
Adv Payments 1
Days 2nd Payment 30
2nd Payment Date 12/09/2023
Security Deposit 0.00
Advanced Payment 757.42
Total Cap Reduction 9,213.22
Upfront Chargers 1,529.36
Initial Payment 11,500
Due on Delivery 4,000
Insufficent 0.00
Equity Allocation (checked)
Base Monthly Payment 702.94
Monthly Tax 54.48
Payment 757.42
Looking at this, I assume I could push on getting a greater discount, and also reducing the rate and maybe using the cash down of $4K toward security deposit? Just do not know what other deals people have been able to secure.
Thanks
