Tax on CapCost Reduction $52.98
Residual Value $29,092.25
Depreciation $18,156.31
Rent Charge $297.71
Total Base Monthly Payments $18,454.02
Number of Payments 39
Base Monthly Payment $473.18
Monthly Sales Tax $41.40
Total Monthly Payment $514.58
Amount Due at Lease signing $1,260
Less Loyalty Incentive/Rebate $-1000
Actual Due at Signing $260
Sure looks that way, if it was really .0004. Would think their ADP updates automatically with the August program. No way of knowing unless we see a deal sheet.
Running the numbers through a lease calculator with all numbers it comes out to .00010 for the MF so it looks like no games played. All in all we are happy with the deal. I talked to about 6 different dealers in SoCal and only 2 would do this deal.
Looks like you got a good discount + loyalty. I am just surprised that 15K miles add so much to the monthly payment compared to what some brokers advertise for similar MSRP in NY/NJ for 10K miles.