I get it finaly!
Alright, Alright! I just got home from the dealer and I think I get how all this "MSD" thing works. Here are my numbers to use as an example.
36month lease
MZ3 Sport GS (5spd) + A/C
Cost of car before tax: $22,431
Cashdown : $2,500
Trade-in: $2,200
Student Grad. rebate: $600
+ Low Km lease
= $ 254.99/month (his price, he seemed to have change the number manualy)
Buy back : $13,509
With this (includes the MSD plan) I would get a 4.15% rate.
So the first payment I would have to do with freight and tax all included would be $6,100. But because he gives me $2,200 for the trade-in that adds up to $3900. That's the cash I have to give him when I sign(includes the first month of the lease etc)
Finaly at the end of the 36months he gives back a check of $3,300 (the MSD thing :? )
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Now if everything remains the same but you drop the cashdown to $1500 it pushes the payments up to $284
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** Give me more money! **
Now what I really understood is that when you do the trade-in of your car you get a tax credit which can be subtancial. In my case my $2,200 only gave me $300 which sux. But higher the value the more you get. So make sure you sell your car through the dealer, either by selling it directly to them or selling it to some random buyer. This way even if you sell it to whoever you get the tax exemption from the dealer (but the buyer has to pay full tax). This helps alot.
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My other price quote was the Sport GT with A/C @ $290/month. Unlike the other example this one has a trade-in value of $3000 for my car and $1800 cash down.
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I am quite sure you will get lost after reading this, but if you need some clarification just ask me.
ZC1, even though I said I understood I was still a bit confused. But now I get where you got your numbers and it totaly makes sense!
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My expectations: $290/month for the GT - A/C - 5 Spd
+
Insurance: $85 - $100 / month
Total cost per month = $400 !
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Please pray for me so that the insurance doesn't cost me more than that! :shock:
Montreal Represent! Power to the MZ3 8)
-Edit-
p.s my record so far for longest post! lol!
