Ha ha, touche! In fairness the payment for my trade in went from 10k to 11.5k while the MF went up 791 and the acq fee dropped from 1095 to 495. I am guessing my credit score came back requiring a higher MF and that’s how they handled it. Not to get into all the details but they accidently quoted me the residual of a brand new 2020 while I paid $500 under the sale price of a 2019 with 5k miles (over 20% off MSRP)… but that’s not the point.
As I said, I 100% understand the tool getting too complicated and this is my first lease so I did not go down to the dealership with my laptop and spreadsheets. I was able to use the tool and the forum to get the price dropped. They continually said “none of those calculators actually price the lease correctly” and when I showed him it flipped things a bit and I was able to negotiate further. I just feel, for me, that feature would have helped. That being said, I am on the “Just give me the answer” side of things, but that’s because I don’t quite know all of the calculations and terms. Reading through this website definitely saved me from a horrible lease (as the first offer was $60/mo higher with a larger down payment). So my stance (in discussing the tool with a group that is OBVIOUSLY on the “learning, understanding, educating” side) is that it could help save a couple idiots like myself that can’t sit through a youtube video that lasts more than 3 minutes.
That being said, I believe I got lucky in my deal being that it was February, last day of the month, and they mixed up the residual. I am pretty sure it won’t happen again so I will work on joining the other side. But, all I’m trying to say is that it would have been nice to see the Rent Charge next to the APR when I put the MF into the calculator. It’s too late for me, but maybe it would help another schmuck out there save a couple bucks.
Luckily I have 3 years (2 years 9 months if I stay with MB) to develop my spreadsheet.
Again, thanks for all the comments, both snarky and helpful!