Deal is $700 a month with trade equity of $3,500 and just the first payment but after checking the numbers with equity I’m getting a payment just under $660 using calculators so I’m not sure if I’m missing something.
I already agreed to the deal but just wanted some feedback because I have to go back to sign the contract and the numbers seem off.
Unfortunately I didn’t get a copy of the full breakdown so I had to estimate the fees and taxes but even increasing those doesn’t get me close to $700.
Also, I know it’s probably not a great deal either way but it seems decent given the high lease rates and market price for this vehicle.
Were you able to get the trade-in quote from other dealers as well? If your dealer is using Trade Pending to run the estimate, then you are very likely to get the less equity on your trade compare to other dealers.
