Quote:
Originally Posted by jjrandorin
Just eyeballing the posters paperwork (not running it through a lease calculator), it appears to me that the 4k is being used to pay for drive offs, not as cap cost reduction (well 1631 down is included in that 4k of drive offs, the rest is first month, registration etc, according to the screenshot).
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You're absolutely right! Shouldn't have try to calculate it after a night of partying and trying to do math at 2am
Since that's the case, then the negotiated sales price is really just a little under invoice + $500, which really isn't bad, especially given the old residual value and even with the higher MF.
You may try to lower the MF to say 0.00166 but they may realize lower the residual to 0.57% as well. If that's the case, you'll end up with a worse deal by about $40 a month:
1. MSRP $84,900
2. Residual % 0.57
3. Residual Value $48,393.00
4. Negotiated Sales Price $79,940
5. Additional fees (doc/etc) $1,269
6. Gross Capitalization Cost $81,209
7. Rebates/Incentives ($2,900)
8. Adjusted Capitalization Cost $78,309
9. Total Depreciation $29,915.91
10. Monthly base payment $831.00
11. Monthly rent charge $210.33
12. Monthly payment $1,041.32
13. Monthly tax $98.93
13. total lease payment. $1,140.25
14. Total payments over 3 years $41,048.94
BUT if you can lower the MF and keep the residual at 61%, then you'll end up with a better deal by about $57:
1. MSRP $84,900
2. Residual % 0.61
3. Residual Value $51,789.00
4. Negotiated Sales Price $79,940
5. Additional fees (doc/etc) $1,269
6. Gross Capitalization Cost $81,209
7. Rebates/Incentives ($2,900)
8. Adjusted Capitalization Cost $78,309
9. Total Depreciation $26,519.91
10. Monthly base payment $736.66
11. Monthly rent charge $215.96
12. Monthly payment $952.63
13. Monthly tax $90.50
13. total lease payment. $1,043.13
14. Total payments over 3 years $37,552.54
Are you willing to take that risk?