First time using Hacker calculator. I have provided information the dealer has sent me. The money factor .00260.
I’m still waiting to hear back if these numbers are through Toyota finance or a 3rd party bank. Would be much appreciated if someone could compare their calculations so I know I’m correct. Is this money rate considered high?
I’m located in Montana, However this dealership is located in Northern Utah. My credit score is 790-800. I just asked the dealer for a lease worksheet. With the current data I provided, is there something in particular I’m missing to compute the calculations?
He did mention that these numbers are through Toyota Finance. First time leasing so I’m hesitant on what to say.
–Update-- After asking for the lease worksheet, he stated the picture I uploaded was it and it had all the selling price payments broken down. Is there anything In particular that I should be asking for?
Running it on my end it looks good. The numbers all add up on my end. $1K under invoice. Not sure about the MF but if thats buy rate you won’t get better without MSD.
Thank you for confirming. Being located in Montana, I’m assuming I would get a more competitive monthly payment since There is no sales tax in MT. Being my first lease, Should I ask the dealer if they work with other banks or credit unions? I’m not sure on how to go about asking for a different lender to achieve a better money rate. Are they obligated to use Toyota Financial or can I have them use what ever 3rd party bank I find that has the best rates?
Tax on lease is based on where you live not where you buy. Its Rare that dealers use anyone but TFS as TFS is very hard on us for using other banks. We use US Bank also and payments come out about $20-30 a month less.