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Leasing Info

258K views 691 replies 186 participants last post by  topcat915  
#1 ·
Well, I have officially received leasing info from one dealer here in LA. I believe this is the TI, but they didn't list as such so maybe it is just the base model. MSRP of 40,590, 48 months @ 579 with 1999 down (taxes and fees not included). This sounds a bit steep to me. But maybe I shouldn't be surprised since they told me they have a 10k markup on the QV but would lease for 48 months with 15K down at $1400 a month (which is insane). Any one else received any info yet?
 
#351 ·
$350 is about what I was offered too on a $44k Giulia Ti. I was pushing a bit harder on a deal so I didn't take it. But sub $350 is entirely possible and not at all shady. I'm holding out a bit longer for October and November deals to roll around. This month will be telling in terms of sales if they increased or decreased more from august.
 
#360 ·
According to that ad, they have "two at this price". That is a classic bait & switch move.

Meanwhile, at back my two local dealers, they are both still running the same $299 a month, $4299 down special from earlier this year.
 
#365 ·
Back calculating the incentives and such. It works out to be an 11-12% dealer discount, and then the incentives applied on top of that. This is why it's important to have your dealer breakdown exactly what's going on. Factory gives the dealer the rebates so giving you $4000 off a new Giulia means nothing. Should be aiming for between $8-10k off a Giulia.
 
#366 · (Edited)
I will respectfully disagree. They can tell you that you are getting $20k off and still bend you over in the payment. % of MSRP is the only real universal barometer for a lease. After tax that alleged deal would be .91%, and one of the best deals reported on this forum. That is, if they actually honor it.
 
#368 ·
Never leased before

First off I could not figure out how to post a new thread so if this posts as a reply, my apologies.

I've read many of the posts on this thread and the more I read I learn more and become more confused at the same time. I test drove a Giulia AWD Ti and it was fantastic, but like many I have long term reliability concerns. I am in Maryland which taxes both the full sale price of the car less trade-in and incentives. I was given the following offer without knowing specifics on residual value, interest rates, etc. I have a 2008 Infiniti G35 100k miles that is being used as a $6,800 trade, Car Max was $6,700. The Infiniti runs great, never had one issue and I've done all the significant maintenance I need to do for the next 3 years, so this is a frivolous move but I really loved the Giulia.

MSRP $45,540 Sale Price $38,280
The $6,800 trade is used for $2,110 in taxes (6% on $31,480 plus tax on incentives), $299 non-negotiable Maryland dealer fee (this is set in stone at all MD dealerships), $895 acquisition fee, $275 registration/tags, and the balance of $3221 down payment.

24 mos at 10k per year: $349 per month
36 mos at 10k per year: $372 per month

The 36 mo. is still cheaper per month b/c if the $3,221 down payment is pro-rated over the months, 24-mos totals $483/mo and 36-mos totals $462/mo. I actually would want the car for 3 years.

I have no idea what I'm doing but the dealer seems pretty desperate, the Alfa's do not seem to be moving here. I have not seen a single one in the area. So it might be a good deal. Any input would be greatly appreciated.
 
#372 ·
First off I could not figure out how to post a new thread so if this posts as a reply, my apologies.

I've read many of the posts on this thread and the more I read I learn more and become more confused at the same time. I test drove a Giulia AWD Ti and it was fantastic, but like many I have long term reliability concerns. I am in Maryland which taxes both the full sale price of the car less trade-in and incentives. I was given the following offer without knowing specifics on residual value, interest rates, etc. I have a 2008 Infiniti G35 100k miles that is being used as a $6,800 trade, Car Max was $6,700. The Infiniti runs great, never had one issue and I've done all the significant maintenance I need to do for the next 3 years, so this is a frivolous move but I really loved the Giulia.

MSRP $45,540 Sale Price $38,280
The $6,800 trade is used for $2,110 in taxes (6% on $31,480 plus tax on incentives), $299 non-negotiable Maryland dealer fee (this is set in stone at all MD dealerships), $895 acquisition fee, $275 registration/tags, and the balance of $3221 down payment.

24 mos at 10k per year: $349 per month
36 mos at 10k per year: $372 per month

The 36 mo. is still cheaper per month b/c if the $3,221 down payment is pro-rated over the months, 24-mos totals $483/mo and 36-mos totals $462/mo. I actually would want the car for 3 years.

I have no idea what I'm doing but the dealer seems pretty desperate, the Alfa's do not seem to be moving here. I have not seen a single one in the area. So it might be a good deal. Any input would be greatly appreciated.
They are giving you 8% off MSRP before incentives and such. Shoot for 12-13%, or a sales price of just around $39,500-40,000. Apply the incentives and keep your extra $3000 instead of using it as a capital cost reduction. Your payment would then be in the $350 range.

leasehackr.com/calculator?make=Chrysler&msrp=45540&sales_price=39500&months=24&mf=0.00025&dp=0&doc_fee=80&acq_fee=895&taxed_inc=0&untaxed_inc=3750&rebate=0&resP=63&reg_fee=400&sales_tax=6&memo=&salesPriceTax_radio=true&miles=10000

I'd stick with 24 months vs 36 either way. The terms are more favorable, and if you really do love the car still after 24 months you can get another one at an even better price, or with newer upgrades.
 
#370 ·
that doesn't seem even remotely worth it. if you planned to buy that car post lease it your total in would be 85k on a 75k negotiated price. If you didn't buy it you'd be out 54k over three years which is over 70% of the car. Why not just finance?
 
#377 ·
new to this site though active on several others. I have decided to get my better half a giulia as she really loves it. we drove a car at the san diego dealer and it seemed quite nice. we will lease the car unless someone tells us it is a better car to own?

very good info here in this thread and I thank you all in advance as I know we will seek the counsel of the experts to determine if we are getting a fair deal?

we are seeking a ti w/ sport package, 9' wheels in the rear and limited slip differential. it seems hard thus far to find a car that fits that description.

we will also be happy to shop nationally and find the best deal and by that we mean a dealer that will extend the maximum factory funny money and possible msrp reduction.

would really love to have the opinions of the experts...fire away.
 
#378 ·
Hi all, in the midst of trying to lock down an Alfa and the Ti's with the sport package seem to be difficult to find around CA. Theres one with an msrp if approx $48,300 which they are offering near $41,500 and $610/mo with $0 down for 24 months. Does this seem like a decent deal?
 
#393 ·
having never leased a car, I have a comment and then a few questions for the group.

comment: it is clear that based on the incentives to lease and lack there of if buying...alfa romeo does not want us buying their cars.

question: Based on an ally lease of 24 months @ 10k miles per year and residual of 61%...is the residual based on the MSRP or MSRP minus the rebates?
(note: rebates all in to lease are stated @ $6570)

example: 1) MSRP = $44,440.00
2) rebates = $6570 adjusted MSRP = $37,870.00

is residual based on example 1) or 2)?

question: if leasing in California, am I paying taxes based on the MSRP or just taxes on the difference of the MSRP (minus rebates) and the residual amount?

question: when leasing, do I pay taxes upfront, pay them each month in my payment or?

question: what is the line item..."safety and security package"? is that the same thing as gap insurance? if so, why would I pay gap ins if I pay for the
safety and security package...or vice versa?

thank you to the group for the guidance.

best.

peter
 
#394 ·
when you purchase a car, you pay the tax up front ;however, when you lease, the tax is included in the payment every month.
gap insurance is the coverage amount between the remaining payments and what the car is worth in case your car is totaled. it's not the security deposit. you need to ask the finance company if they cover the gap insurance. for example, audi finance and Mercedes finance already cover the gap amount during the total loss and you do not need to purchase gap insurance in that case.
 
#396 ·
Hi Guys,

I got this offer from a south Florida dealer but not sure if its a good one. I think it could be lower but dealer won't budge and says it is the lowest they can go.
It is a base Giulia $40,100 MSRP.

24 month lease with 12k miles a year. They want 5k at signing and $399 month including tax.
 
#397 ·
I am learning about the leasing game...I have learned I am not a lease candidate. that deal w/ $5k down is not attractive and I would suspect that the msrp should be discounted.

I turned down a lease deal from alfa romeo of van nuys yesterday as it was clearly a shell game they were playing w/ money factor and fees. I am looking to simply buy and know what I have. simple asset acquisition.
 
#402 ·
I got this offer for a vehicle with an MSRP of $41,340.

Conquest rebate: $2,750
lease cash: $1,000

cap cost $34,895
$3,000 at signing and $464 a month including tax.
can I do any better.
This is a 24 month lease with 12k miles a year.

I’m in South Florida with 7% sales tax

thank you
 
#404 ·
When leasing, ignore all those numbers and terms. They only serve to distract you. You are only concerned with what is coming out of your wallet.

That deal is a little better, pro-rated payment after tag fee comes to 1.4% but it is still way too high.

To explain the math...

Down payment minus a generic tag fee of $250, divided by the lease term, added to the monthly payment, divided by the MSRP x 100
 
#409 ·
These cars have such terrible residuals, you have to cover a lot of value with the lease. I've been quoted 49% and 50% for base and Ti residuals. Comparable BMW residual was 63%, Mercedes was in the high 50s, Audi was low-to-mid 50s (53%). The difference between Alfa and Audi residuals is worth about a $1,500 discount... between Alfa and BMW is worth $5,000. It's tough to get a good lease when you're digging out of that deep of a hole.
 
#411 ·
Thats interesting - I didn't realize that. The residual on Audi and Mercedes are higher too, is that the same situation? Even with the other brands, the difference is material and worth (potentially) $50-$100 in monthly payments. That said, the dealers I've spoken with are trying to make up the difference.

It is frustrating - I do wonder how many leasers have gone with other brands because of the unfavorable terms.