[M6-Coupe]

Very interesting thread. Let me add the lease calculation here. This is the formula that dealers use to calculate the lease payment:

If the residual value is "R" ; R = MSRP x Residual (%)
The Capital cost (sales price) is "C"
Money Factor is "MF"
Down payment is "D"
Lease term is "N" ; number of months (ie 36 or 39)
Monthly depreciation fee "MD" = (C-D-R)/N
Monthly lease fee "ML" = MF * (C-D+R)
Then the monthly lease payment= MD +ML + tax
Drive off : The upfront money including all other fees ( bank fee , acquisition fee, license fee, etc) + first month payment


For example.
MSRP =100k
Capital cost (sales price after 10k discount) = 90k
MF = 0.0013
Residual = 60% = 60k
lease term = 36 months
Down payment = 0
other fees = 2K
tax = 8%

MD = 30k/36 = 833.3
ML = 195
tax = %8 * (833.3 + 195) =82.2
monthly lease payment = 833.3 + 195 + 82.2 = 1110.5

Drive off = 2000 +1110.5 = 3110.5

Note: according to tax, this calculation is based on CA tax which is tax on lease cost. some states calculate the tax based on whole capital cost.