Quote:
Originally Posted by jg8920
Option A:
MSRP 67K. Discount 6K. Rebate 3K. Purchase Price 58K. After taxes, fees, etc balance 63K. MF 0.0018. Residual ~59%(39.5K) = 785/month.
Option B:
Yes it is also a lease for 3 years.
MSRP 71.5K. Discount 9.5K. Rebate 3K. Purchase Price 59K. After taxes, fees, etc balance 64K. MF 0.00138. Residual ~60%(43K)=784/month, but basically will owe two months of my current lease so the monthly rate goes to 835/month.
Thanks for the help. I'm really new to this stuff.
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For option A... is that a MF of 0.00118? or is it truly 0.0018?
The discounts are pretty low. On a brand new car you should aim for at least 10% off pre-incentive, along with base MF. On a loaner, aim for closer to 15% along with base MF.
Involve multiple dealerships if you haven't already.