Hello Hackrs,
Thoughts on this deal? This is a loaner with 3754 miles.
Term 36 months/10k per year
Monthly: 420 (including taxes)
DAS: 3687
Advance Payment: 420.35
Total Cap Reduction: 3622.24
Upfront Charges: 2644.41
Initial Payment: 6687
MF: .00186 (this is marked up a bit)
Capitalization
MSRP (CRV): 49,500
Discount: 5310
Selling Price: 44190
Doc Fee: 100
Acq Fee: 925
Gross Cap Cost: 44,190
Cap Cost Reduction
Customer Cash: 3687
Total Rebates: 3000
Amt Applied Upfront: 3064.76
Total Cap Reduction: 3622.24
Net Cap Cost: 40587.76
Residual
61% @ 30,195 (I think this did not factor in the mileage reduction)
You could probably get a new one with that discount, that’s only 11% off. You need 20% on a loaner
Yes, it is not very good. Where do you think the most room is to negotiate? Sounds like biggest area is selling price?
20% off MSRP and buy rate on the MF and don’t put any money down, have everything rolled into the payment
02cic
June 16, 2018, 3:29pm
6
To clarify:
If your car is totaled you get none of the down payment back.
Thanks. Dealer came back with attached.
Payment: 36/12k
MSRP: 49,500
Selling Price: 41,500
DAS: $451
Monthly: 419 (incl tax)
Ask for a sales price of $39600. That’s 20% off. The deal isn’t bad at their offer, but many people have gotten better.
I don’t see a residual adjustment on this… they will change the deal.
Greg
I noticed that too. Anyway, deal is done and signed. Nothing extra came up.
I feel like a phone call will be coming asking you to re-sign… never know though.