# 2016 Malibu LT 24/10k and 36/10k

Some numbers I’m getting from the local dealer here in Michigan. They seem fair. Includes all July rebates, \$500 lease loyalty, and supplier discount. Zero down, but some Due At Signing money.

I’m also looking at Chevy Malibu 1LT program in Michigan.

What are RV, MF, and current lease offer?

Thanks.

This is pretty much what I have been getting in Michigan area from several dealers…

24 month - Money Factor: 0.00050/ Res. 63% (12k miles/yr)/ Lease Cash: \$1510
36 month - Money Factor: 0.00040/ Res. 58% (12k miles/yr)/ Lease Cash: \$1510

With MSRP \$26,990.00 and sales price of \$24,090.00 with \$1510 Taxed Incentives, using the leasehckr calculator punching in the #s, I get \$224/mo (excl. tax) for 36mo/12,000miles.

However, if I use the calculation by hand method shown in the leasing 101 section:

[(\$24,090 - \$1,510) - 13,096.40] / 36 = \$263.43
(\$24,090 + \$1,510) * 0.0004 = \$10.24
\$263.43 + \$10.24 = \$273.67/mo

I just want to get the numbers right in front of dealers when I am negotiating. What am I doing wrong that there are so big gap in these two?

Thanks.

Residual is based off MSRP (i.e. 26,990 * .58 = 15,654.2).

Monthly finance charge is (Capitalized Cost + Residual Value) * Money Factor (24,090 - 1510) + 15,654.2) * .0004)

Plus, need to add in acquisition fee to get Capitalized Cost .

Thank you for pointing out!