Quote:
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Originally Posted by mbanks21
Quote:
Originally Posted by OneRib
Not really. Only fees will raise the price, just make sure they give you those rates.
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Thanks man. I'm going to send them an email just wanted to make sure it sounded like I knew what I was talking about.
Auto Lease Calculator
What will the auto lease really cost?
Enter the MSRP:
55500
Final Negotiated Price:
42950
Down Payment:
2000
Usage Tax (Sales Tax) (%):
7
Length of Lease (months):
New Car Lending Rate (%):
2.28
Car Value at End of Loan:
33300
Calculate
Capitalized Cost: $ 42950.00 55500.00 MSRP minus discount
Lease Price: $ 40950.00 minus $ 2000.00 down payment
Residual Value: $ 33300.00 after 36 months
Depreciation Fee: $ 212.50 part of lease payment
Lease Fee: $ 70.54 part of lease payment
Monthly Payment: $ 283.04 without tax
Usage Tax: $ 19.81 7.00 % of 7650.00
Total Monthly Payment: $ 302.85 What you pay |
Why put any money down. Skip the 2k. Pay only the fees up front. if the 2k is the MSD then it wouldn't count as down payment money.
Otherwise great deal!