Hey All,
Just looking for a little help in “assessing” this deal.
24/10 term (65% residual)
MSRP: $52,520
Sale Price: $49,892
Rebate: $4,750 (lease cash + Costco)
“Additional Discount”: $5,000…more on this later
Acq Fee: $925
Title: $37.20
Tax on cap reductions: $425.91
Total Sale Price: $41,530.11
MF: .00197 (I know this is marked up but they won’t budge)
I am considering $1,500 down, also. So with that in mind…
When I calculate, I am getting $420.83 as my payment with $1,500 down…however, they are quoting me $444 (including tax).
While it’s not a huge discrepancy, I’m wondering what I am missing? If I put nothing down, they are quoting me $516 and overall, something just doesn’t feel quite “right”.
With a $1,500 down payment, a pretty large discount off MSRP and a good residual value, I feel like the numbers should look better than they are, no?
The only way I can come close to replicating their numbers is if I don’t take my $1,500 off of cap reduction…but I’m not sure if that’s really what is happening on their end.
I’m also skeptical on why they list an “Additional Discount” of $5,000 later on next to the rebate amounts rather than taking it off the top as their discount to begin with? Perhaps playing with the math in their favor?
Nevertheless, the numbers are “good”, I would say…but they could/should be better - or, am I crazy?
Take a look at the photo and let me hear some thoughts
Thanks,
Bryan