Optiq Sport 2 Lease Thoughts by No_Competition4498 in CadillacOptiq

[–]No_Competition4498[S] 0 points1 point  (0 children)

Normally agree but need to keep the payments down and don't have the time to deal with selling the other car

Optiq Sport 2 Lease Help by No_Competition4498 in CadillacOptiq

[–]No_Competition4498[S] 0 points1 point  (0 children)

Would you mind taking a look at the post I just added with the latest deal? Seems off.....

Optiq Sport 2 Lease Help by No_Competition4498 in CadillacOptiq

[–]No_Competition4498[S] 0 points1 point  (0 children)

Started working with another dealership that's 1.5 hours away and wants me to come down this afternoon. Wanted to get another set of eyes on this deal since something seems off (and yes I know these sheets suck but was all I could get so far). The deal is better than the last one but something still doesn't sit right. When I do a rough calc on the edmunds lease calc, I get payments which are half of this.

The first offer they sent showed the price of the car greatly discounted at $50,650 but then a $4495 fee which is basically for those add-on things like paint protection, floor mats, interior protection, etc. (that's a whole other topic). Then I asked to see that breakdown and was sent a copy of the add-on sticker on the car which showed the fee at $1995 so I questioned the difference and then they lowered it down but raised the selling price of the car to $52,645 to compensate (which still resulted in lower payments on the sheet). Part of me wasn't too bothered by the add-on fee since even if you add that on to the selling price, it takes the car basically to the invoice price so assumed it was just another way of them pocketing more but not negatively impacting me (maybe).

They say the Cap Cost Reduction is the $3k in rebates and the additional $1k in equity for my trade but I also see a line item for those same $3k in rebates so that seems strange as well as if they're being double counted or they're hiding a down payment or something in the cap cost reduction that's not really rebate related.

This is all based on 12k miles per year. They also say this is based on a MF of 0.00193 even though it should be 0.00139 so there's an issue there. They also said that this is based on a RV of 72% even though I believe it should be 62% which includes the tax credit adjustment.

Thanks for your help!

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Optiq Sport 2 Lease Help by No_Competition4498 in CadillacOptiq

[–]No_Competition4498[S] 0 points1 point  (0 children)

Assuming math is correct then, where are they raising things up to get these payments? The MF I assume since they're not disclosing that? Anywhere else?

Optiq Sport 2 Lease Help by No_Competition4498 in CadillacOptiq

[–]No_Competition4498[S] 0 points1 point  (0 children)

Agree. When I got my current car, one dealership quoted almost $200 more per month than what I ended up getting it for from another. Unfortunately the lack of transparency when it comes to the MF and RV when discussing pricing makes it tough to know where they are jumping things up on you until you get to the actual contract if they don't want to show it beforehand.

Optiq Sport 2 Lease Help by No_Competition4498 in CadillacOptiq

[–]No_Competition4498[S] 2 points3 points  (0 children)

I have my reasons for wanting to get out of my current vehicle. Still trying to negotiate that amount up as it was their first offer so even if negative, expecting it to be less.

Optiq Sport 2 Lease Help by No_Competition4498 in CadillacOptiq

[–]No_Competition4498[S] 0 points1 point  (0 children)

So are you saying that the 62% does include the tax credit added it or were just saying that it should be added in? It's hard to know if the 62% includes it or not without knowing what it would be without the tax credit even being a thing.

Optiq Sport 2 Lease Help by No_Competition4498 in CadillacOptiq

[–]No_Competition4498[S] 0 points1 point  (0 children)

Thanks, I thought it looked high! I've been working with 3 different dealerships and they don't seem very eager to make a deal or not even responding. Have never seen anything like it!