Quote:
Originally Posted by Rustyboy155
Great app! Only request would be to add a line for aftermarket parts like mPerformance exhaust and such. Adding the full value to the car doesn't necessarily net the correct value since only $250 of the 1335 can be residualized. With the app in it's current form I was able to get a rough number by adding $250 to the cap cost of the vehicle and the remaining 1085 to the "Other taxable fees" section.
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Thanks!
There is clean way to handle this scenario: calculate the residual value manually and put the dollar amount in the residual value field as opposed to residual %.
For example:
MSRP: 50,000
Selling Price: $46,000
Residual: 60% ($30,000)
Performance Exhaust Cost: $1335
Performance Exhaust Residual: $250
For above scenario, put the following values in Leasematic:
MSRP: 51,335
Selling Price: 47,335
Resdiual: $30,250 (instead of putting %)
This is will give you accurate calculations. MSRP in this case won't be used in calculation but you can leave it there for display purpose.