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-   -   Is this a good lease deal for a 2020 STI Base Model? (https://www.i-club.com/forums/subaru-general-30/good-lease-deal-2020-sti-base-model-271413/)

krnsamiam Mar 4, 2020 05:09 PM

Is this a good lease deal for a 2020 STI Base Model?
 
[color=#383a3b]Hi,[/color]

[color=#383a3b]I have decided to go with a lease on a 2020 STI Base Model in Crystal White Pearl with no options.[/color]

[color=#383a3b]Here is the breakdown of how much the car is and the OTD:[/color]

[b]2020 STI Base Crystal White Pearl no options:
Car Price:[/b][color=#383a3b] $34,399.00[/color]
[b]Document Fee:[/b][color=#383a3b] $85.00[/color]
[b]DMV Filing Fee:[/b][color=#383a3b] $30.00[/color]
[b]Tire Fee:[/b][color=#383a3b] $8.75[/color]
[b]DMV:[/b][color=#383a3b] $463.00[/color]
[b]Sales Tax (CA Tax):[/b][color=#383a3b] $2,920.14[/color]
[b]OTD:[/b][color=#383a3b] $37,905.89[/color]

[color=#383a3b]I am planning to do a 36 months (3 years) with 10,000 miles a year and will be putting a down payment of $5,000 to lower my monthly payments. Below is a breakdown of the lease:[/color]

[b]MSRP:[/b][color=#383a3b] $37,895.00[/color]
[b]Mileage:[/b][color=#383a3b] 10,000 miles a year[/color]
[b]Residual %:[/b][color=#383a3b] 62.00%[/color]
[b]Residual Value:[/b][color=#383a3b] $23,494.90[/color]
[b]Initial Cap Cost:[/b][color=#383a3b] $34,399.00[/color]
[b]Bank Fee in Cap:[/b][color=#383a3b] $595.00[/color]
[b]Accessories:[/b][color=#383a3b] $30.00[/color]
[b]Doc Fee:[/b][color=#383a3b] $85.00[/color]
[b]Adjusted Cap Cost:[/b][color=#383a3b] $31,226.56[/color]
[b]Term:[/b][color=#383a3b] 36 months (3 years)[/color]
[b]Money Factor:[/b][color=#383a3b] 0.00155[/color]
[b]Base Monthly Rental:[/b][color=#383a3b] $299.57[/color]
[b]Monthly Use Tax:[/b][color=#383a3b] 8.50% ($25.46)[/color]
[b]Total Monthly Payment:[/b][color=#383a3b] $325.03[/color]
[b]License:[/b][color=#383a3b] $461.00[/color]
[b]Total Cap Reduction:[/b][color=#383a3b] $3,797.44[/color]
[b]Cap Reduct Tax:[/b][color=#383a3b] 8.50% ($322.78)[/color]
[b]Cash Down:[/b][color=#383a3b] $5,000.00[/color]
[b]Total Working Cash:[/b][color=#383a3b] $5,000.00[/color]
[b]Drive Off:[/b][color=#383a3b] $5,000.00[/color]

[color=#383a3b]I wanted to get some input and feedback on this lease. Is there any part of the lease that I can negotiate?[/color]

[color=#383a3b]Thank you,[/color]


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