Thank you very much for these calculations. It's a great starting point. Too bad about the money factor but the G70 is still more car for the money compared to the competition.Here’s where things stand with my negotiation:
MSRP: 51,145 (3.3t AWD Prestige)
Circle A Price: $47,006
Lease cash: ($4,000)
Net price: $43,006
Add acq fee: $750
Cap cost: $43,756
Residual on 36/15: 47% ($24,038)
MF: .00051 (equates to a 1.2% APR borrowing $43,750....but given I’m only borrowing that much for 3 years, I’m effectively only borrowing the depreciation amount of $19,712, which makes the MF an effective rate of about 4% — total interest charge of about $1,250 over 3 yrs)
They’re using a 10% tax rate which is too high... they’re coming to $640/mo with $0 down. It’d be closer to $625/mo at my actual tax rate.
Base payment: $547 ($19,712/36)
Rent charge: $35/mo (($43,756+$24,038)*.00051)
Tax @ 7.5%: $43/mo ((547+35)*.075)
The car was built in Nov 2018. On the lot since June. At a minimum they need to come down on the MF.
Hope the breakdown makes sense.