Please review this deal and let me know.
Update: Got the breakdown from the dealer
Cap Cost: 38713.25 (fees and first month paid up front)
Residual: 24138.85
Money Factor: .00081 (with maximum security deposits)
Term: 36
Base Payment: (Cap cost – residual) / term = (38713.25 – 24138.85) / 36 = 455.75
Rent Charge: (cap cost + residual) * mf = (38173.25 + 24138.85) * .00081 = 28.49
Pre-tax payment: 455.75 + 28.49 = 484.24
Tax: 484.24 * .0625 = 28.48
Total Payment: 484.24 (based on top tier credit approval)