Pls help evaluate following lease numbers for a X1 and X2 loaners…although i found …
1.They have inflated finance charge to balance cash bonus
2. Sales tax has added additional money
3.DMV fees in NY is 50 to transfer and 210 for new…but they r charging 330 flat
4. Cap cost reduction for a loaner is not much
Anything i missed…
From dealer…
- B11878
Leasing Explained Depreciation
Sale Price $38,640.00
Nitrogen Fee +$110.00
Mats Fee +$125.00
Capitalized Cost $38,875.00
Capitalized Cost Reduction
(Down Payment) -$0.00
Bonus Cash -$4,250.00
Adjusted Cap Cost $34,625.00
Residual Value @ 10 k Miles/Year
59% of $44,140.00 MSRP
- $656.75 for mileage -$25,385.85
Depreciation $9,239.15
Finance Charge
Adjusted Cap Cost $34,625.00
Residual Value $25,385.85
Sum2 for Avg. Fin. $60,010.85
Financed at 36 mo @ 0.00188 money factor3
Finance Charge $4,061.53
8.625% NY sales tax is excluded unless otherwise indicated.
Fees Due at Signing
Down Payment $0.00
Lease Acquisition Fee +$925.00
Inspection Fee +$10.00
Tire Fee +$12.50
Doc Fee +$75.00
DMV Fee +$330.00
Upfront Sales Tax +$1,624.81
Total Fees Due at Signing $2,977.31
First Month’s Payment +$369.46
Total Due at Signing $3,346.77
Upfront Sales $1,624.81
DMV $330.00
Doc $75.00
Depreciation $9,239.15 Tire $12.50
Finance Charge $4,061.53 Inspection $10.00
Fees Due at Signing $2,977.31 Lease Acquisition $925.00
Down Payment $0.00 Down Payment $0.00
Rounding (up to 1¢/mo) -$0.12 First Month’s Payment $369.46
The total of the lease payments is $16,277.87 . The total due at signing is $3,346.77 with 35 remaining monthly payments of $369.46
- B11962
Leasing Explained
Depreciation
Sale Price $43,340.00
Capitalized Cost $43,340.00
Capitalized Cost Reduction
(Down Payment) -$0.00
Bonus Cash -$4,500.00
Adjusted Cap Cost $38,840.00
Residual Value @ 10 k Miles/Year
60% of $49,330.00 MSRP
- $549.50 for mileage -$29,048.50
Depreciation $9,791.50
Finance Charge
Adjusted Cap Cost $38,840.00
Residual Value $29,048.50
Sum2 for Avg. Fin. $67,888.50
Financed at 36 mo @ 0.00188 money factor3
Finance Charge $4,594.69
8.625% NY sales tax is excluded unless otherwise indicated.
Fees Due at Signing
Down Payment $0.00
Lease Acquisition Fee +$925.00
Inspection Fee +$10.00
Tire Fee +$12.50
Doc Fee +$75.00
DMV Fee +$330.00
Upfront Sales Tax +$1,741.45
Total Fees Due at Signing $3,093.95
First Month’s Payment +$399.62
Total Due at Signing $3,493.57
Upfront Sales $1,741.45
DMV $330.00
Doc $75.00
Depreciation $9,791.50 Tire $12.50
Finance Charge $4,594.69 Inspection $10.00
Fees Due at Signing $3,093.95 Lease Acquisition $925.00
Down Payment $0.00 Down Payment $0.00
Rounding (up to 1¢/mo) $0.13 First Month’s Payment $399.62
The total of the lease payments is $17,480.27 . The total due at signing is $3,493.57