Looks like 10 MSD’s @500 each coupled with an MF = .00158. That’s horrible. I’d consider something else. Furthermore, the worksheet is pure garbage. Either the 6.875% tax rate is wrong or, the worksheet taxes are wrong. Also, the base payment is NOT 462.41 as it INCLUDES capped taxes. The base is 422.27 assuming the capped fee of 745.75 is taxable. Worksheet also states 10000 cash down. This is incorrect. The cash down (i.e., cap reduction) is 4937.59. Most dealer worksheets are done half-assed. This is exactly why I only use a lease worksheet to collect and vet input data (MF, resid factor,. doc fee, acq fee). I have little use for tax figures and payments preferring, instead, to trust my own calculations for which I’ve always been spot-on in my lease proposals. It’s called controlling the deal.
Posters often wonder how the dealer calculated this or calculated that. I suppose there is some merit in doing that but, I wouldn’t waste too much time because dealer calculations may be off. For example, there is no way I can get to taxes of 1366.89 @6.875% assuming that the 745.75 capped fee is taxable. I would get a breakdown of these capped fees. Could be that it includes DMV fees which should not be taxed.
You are right on the MSDs and MF. It seems like Volvo MF is high. unless there is historical data that it may come down? I put the numbers in the calculator and this is what I have. Am I missing something? It appears the numbers are better on the T6 momentum and R design, but will the payments not be higher because their MSRP is also higher? weird about the 4937.59 cap reduction. I will ask about that. Is the consensus to not do any down for the cap reduction?
A higher MSRP does not necessarily translate to a higher payment. A lot depends upon discounts and incentives. I don’t give much credence to the LH calculator or any online calculator for that matter. It’s best to learn how to do the calculations yourself. Relying on a calculator is a recipe for getting screwed. If you don’t know how to do the calculations, you’re a dead duck. Look at some of my posts in other threads where I describe, in detail, how to compute lease payments and DAS amounts.
The 4937.59 cap reduction was actually calculated so that your DAS is a nice whole number (10,000).
I often adjust my selling price so that my payment comes out to a whole number.Hate dealing with those dang decimal numbers in my checkbook.
It’s best not to make a cap reduction for reasons given on this website many times. A car is a depreciating asset. It’s an expense, not an investment. Why throw money at a depreciating asset? You’re better off conserving your cash for other more worthwhile things. Furthermore, if you total your car, your cap reduction is at risk.
How many miles? Can you share the dealer?
PM sent to you