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If anybody out there is a lease calc expert, can you check my calcs. I can't seem to match the numbers provided by dealer (Ally is lessor).
I'm calculating a monthly of $776.01
The dealer is calculating a monthly of $826.15
The dealer has shown me the leasing screen and the base numbers match. Just the payment does not calc the same. He's $50 higher. Can someone here show me where the difference is?
MSRP: $55,090.00
Negotiated Price: $53,090.00
Rebates: -$3,250.00
Cap Cost: $49,840.00
Down Pmt: $0.00
Bank Fee: $595.00
Doc Fee: $635.00
Del Fee: $294.50
Lic Fee: $337.13
Net Cap Cost: $51,701.63
Residual %: 62%
Residual Value: $34,155.80
Term: 24 months
Depreciation Fee: $731.08
Money Factor: 0.00012
Financing Fee: $10.02
Lease Pmt $741.09
Sales Tax (4.712%): $34.92
Payment: $776.01
Dealer Offer: $826.15
I'm calculating a monthly of $776.01
The dealer is calculating a monthly of $826.15
The dealer has shown me the leasing screen and the base numbers match. Just the payment does not calc the same. He's $50 higher. Can someone here show me where the difference is?
MSRP: $55,090.00
Negotiated Price: $53,090.00
Rebates: -$3,250.00
Cap Cost: $49,840.00
Down Pmt: $0.00
Bank Fee: $595.00
Doc Fee: $635.00
Del Fee: $294.50
Lic Fee: $337.13
Net Cap Cost: $51,701.63
Residual %: 62%
Residual Value: $34,155.80
Term: 24 months
Depreciation Fee: $731.08
Money Factor: 0.00012
Financing Fee: $10.02
Lease Pmt $741.09
Sales Tax (4.712%): $34.92
Payment: $776.01
Dealer Offer: $826.15