July Lease Special on the GSR Evo X
Jul 18, 2008, 11:39 AM
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July Lease Special on the GSR Evo X
We have a 2 year Lease Special
$3903 Total Drives
12k miles a year
$323.99 Month
Base GSR
To buy the car after the 2 years is only $22,538.80 !!!!!!
Where can you buy a 2 year old evo for that price!!!!
Smash!!!!
Call me 714-493-4163
Sam
$3903 Total Drives
12k miles a year
$323.99 Month
Base GSR
To buy the car after the 2 years is only $22,538.80 !!!!!!
Where can you buy a 2 year old evo for that price!!!!
Smash!!!!
Call me 714-493-4163
Sam
Last edited by SOCALMITSU.COM; Jul 28, 2008 at 01:07 PM.
Jul 19, 2008, 06:50 AM
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What sales price, depreciation scale or trade in value, and money factor (or interest rate) are you using for this deal? What would a 3 yr. lease with $0 - 1000 (max) down and 12K / year run on the same car? Thanks
Jul 23, 2008, 05:57 AM
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Actually, it is a terrible deal in terms of a lease. I don't know the exact figures but here is a little worksheet I layed out, based on SouthCoast's current price of a base GSR and Orange county sales tax.
MSRP: 33690
Base Cap cost: 29999
Costs Added to Lease: 0
Cap Cost Reductions: 3903
Adjusted Cap Cost: 26096
Residual Value: 22572
Money Factor: 0.0043 (or 10.32%)
Term: 24 months
Sales Tax: 7.75
Monthly Payment = $356.11 + $27.60 tax = $383.71
Depreciation: 3524
Finance Charge: 5023
Total Sales Tax: 964
Total of All Payments: 9209
Total Lease Cost: 13112.43 (Payments + Down Payment)
The interest rate is the real killer here. Residuals aren't fantastic at 67%, but you can find a 67% residual somewhere else for 15000 miles instead of 12000.
SouthCoast has GREAT prices on EVOs, don't get me wrong. If you are considering this lease, I'd suggest just financing the awesome cost of a base GSR.
If you can get a loan from PenFed (4.5@6yrs) your payments would be roughly $460/month using the same down payment.
MSRP: 33690
Base Cap cost: 29999
Costs Added to Lease: 0
Cap Cost Reductions: 3903
Adjusted Cap Cost: 26096
Residual Value: 22572
Money Factor: 0.0043 (or 10.32%)
Term: 24 months
Sales Tax: 7.75
Monthly Payment = $356.11 + $27.60 tax = $383.71
Depreciation: 3524
Finance Charge: 5023
Total Sales Tax: 964
Total of All Payments: 9209
Total Lease Cost: 13112.43 (Payments + Down Payment)
The interest rate is the real killer here. Residuals aren't fantastic at 67%, but you can find a 67% residual somewhere else for 15000 miles instead of 12000.
SouthCoast has GREAT prices on EVOs, don't get me wrong. If you are considering this lease, I'd suggest just financing the awesome cost of a base GSR.
If you can get a loan from PenFed (4.5@6yrs) your payments would be roughly $460/month using the same down payment.
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Jul 24, 2008, 01:35 AM
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Actually, it is a terrible deal in terms of a lease. I don't know the exact figures but here is a little worksheet I layed out, based on SouthCoast's current price of a base GSR and Orange county sales tax.
MSRP: 33690
Base Cap cost: 29999
Costs Added to Lease: 0
Cap Cost Reductions: 3903
Adjusted Cap Cost: 26096
Residual Value: 22572
Money Factor: 0.0043 (or 10.32%)
Term: 24 months
Sales Tax: 7.75
Monthly Payment = $356.11 + $27.60 tax = $383.71
Depreciation: 3524
Finance Charge: 5023
Total Sales Tax: 964
Total of All Payments: 9209
Total Lease Cost: 13112.43 (Payments + Down Payment)
The interest rate is the real killer here. Residuals aren't fantastic at 67%, but you can find a 67% residual somewhere else for 15000 miles instead of 12000.
SouthCoast has GREAT prices on EVOs, don't get me wrong. If you are considering this lease, I'd suggest just financing the awesome cost of a base GSR.
If you can get a loan from PenFed (4.5@6yrs) your payments would be roughly $460/month using the same down payment.
MSRP: 33690
Base Cap cost: 29999
Costs Added to Lease: 0
Cap Cost Reductions: 3903
Adjusted Cap Cost: 26096
Residual Value: 22572
Money Factor: 0.0043 (or 10.32%)
Term: 24 months
Sales Tax: 7.75
Monthly Payment = $356.11 + $27.60 tax = $383.71
Depreciation: 3524
Finance Charge: 5023
Total Sales Tax: 964
Total of All Payments: 9209
Total Lease Cost: 13112.43 (Payments + Down Payment)
The interest rate is the real killer here. Residuals aren't fantastic at 67%, but you can find a 67% residual somewhere else for 15000 miles instead of 12000.
SouthCoast has GREAT prices on EVOs, don't get me wrong. If you are considering this lease, I'd suggest just financing the awesome cost of a base GSR.
If you can get a loan from PenFed (4.5@6yrs) your payments would be roughly $460/month using the same down payment.
you have the cap cost reduction wrong. take out the first month payment.
Jul 24, 2008, 04:01 AM
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Jul 24, 2008, 09:25 PM
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Jul 25, 2008, 05:44 AM
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