Quote:
Originally Posted by dardeca
I was just quoted this on a 18:
MSRP: $118k
Discount: $8,250
36/12k
Tax: $7k
Monthly payment: $1,691
Thoughts on whether that is a good deal? The discount amount seems solid. But based on the monthly payment amount is the dealer marking up the MF?
|
I put the following into my lease calculator:
MSRP: $118,000
Selling Price: $109,750
Residual: 60%
Sales Tax Rate: 6.4% ($7,000/$109,750)
I'm getting a payment of $1,470 at the MF buy rate of .00166 (3.98%). To get to a payment of $1,691, the MF has to be marked-up to .00281 (6.745%). Over the life of the lease they're making about $7,955 of the $8,250 discount back. Not a good deal at all in my opinion if my calculations are correct.
__________________
Current: 2022 Donnington Grey M5 Competition, 2014 Anvil WW Jeep Wrangler
Previous: 2019 Donnington Grey M5 Competition, 2016 Silverstone M5 CP, 2013 Monte Carlo Blue M5 CP (ED on 9/1/12), 2009 Carbon Black M5, 2006 Silverstone M5, 2003 Sterling Grey M5, 2000 Anthracite 540i6, 1998 Jeep Grand Cherokee 5.9Ltd, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7