Hi, can someone please help me with the lease calculator? I’m looking to lease a 2022 Kia Forte GT-Line and the dealership quoted me my monthly payment with taxes and fees being between $258.17 per month. However, when I input all the numbers in the lease hackr calculator, I come up with a payment of $205/month which includes all the taxes and fees. That’s a $53.17 per month discrepancy between what the dealership quoted me and what lease hackr calculator is suggesting. Here are the numbers below if someone can be so kind as to help a newbie fella out. 2022 Kia Forte GT-Line Residual Value (RV): 64%.

Money Factor: .00217 (I was approved for tier 1 credit through Kia Motor Finance)

MSRP: $22,640

Kia Lease Cash: $250

Down payment: $4,000 with total due at signing $5,473 (as I am paying acquisition fee, documentation fee, CVR, title, plate, registration, taxes, and first month)

Fees:

Acquisition fee: $650

Documentation fee: $230

CVR fee: $24

Title, Plate transfer, Registration fee: $30

Zip code: 48310

…

Here is how the dealership has the numbers broken down to how they got $258.17 per month

GROSS CAPITALIZED COST

-Base price: $23,640

-Acquisition fee: $650

-Documentation fee: $230

-CVR fee: $24

-Subtotal: $24,544.00

CAPITALIZED COST REDUCTION

-Cash: $ -4,902.66

-Rebates: $ -250.00

-Subtotal: $5,152.66

TOTAL OF BASE PAYMENTS

-Depreciation: $4,901.74

-Rent Charge: $3,866.49

-Subtotal: $8,768.23

MONTHLY PAYMENT PLUS TAX

-Lease term: 36 months

-Number of Lease Payments: 36

-Base Monthly Payment: $243.56

-Sales/Use Tax: $14.61

-Subtotal: $258.17

CASH DUE AT SIGNING

-Capitalized Cost Reduction: $5,152.66

-Capitalized Cost Reduction Tax: $309.17

-Title Fee: $15.00

-Plate transfer fee: $10.00

-Registration fee: $5.00

-First Monthly Payment: $258.17

-Rebates Applied: - $250.00

-Subtotal: $5,500.00