Are they the same? Some dealers are telling me they are different
I thought the total leasing cost = das + 23 * monthly payment for a 24 month lease
Post the worksheet and what is supposedly different between OOP and DAS
No detailed number yet. But will report back
Sometimes they are the same, sometimes they are different …
sometimes “Due at Signing” includes doc fee, license fees, sales tax, bank (acquisition) fee. Sometimes these items are not included - you have to pay them as well. To find out you have to ask.
Many on this forum like to structure any negotiation with nothing due at signing ( all taxes/fees rolled into the payment) . That way you can easily compare competing offers
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Does anyone know how to compute the tax on the lease if paying tax upfront? Is the LH calculator accurate for that? I got some numbers from dealer but the tax seems off (higher) compared to the calculator. I am trying to make sure they are not “estimating” the tax higher by essentially making me pay a hidden deposit.
Yes, it should be accurate. You can post the worksheet and the calculator link, and maybe someone can show you any discrepancies.
BTW, in CA you should be paying tax on the monthly (aside from any tax on rebates)
that makes so much sense! I will start asking for deals with zero due at signing to compare competing offers
“due at signing” on advertisements is what is due to the dealership/manufacturer for the vehicle. it does not include tax, title, and fee’s. The total amount is referred to as the total drive off cost.
Thanks. Good to know.
We’ll what you post may be the “official” definition. In practice it varies and you still need to ask for clarification what exactly “due at signing” covers.
For example, I just happen to have the OC Register (SoCal) newspaper in front of me. If you have superman vision the fine print says that for the Hyundai ad that “due at signing” includes “$0 security deposit, tax license and fees”. For the Honda ad the fine print states that those items are not included.
So as before I believe that you need to ask about what is included.
it usually says $0 security deposit. “tax, license, dealer fee’s extra” did you miss one word? Anyway most of the time if not all of the time it’s not going to include everything, so I recommend you get a OTD quote from the dealership for the full details.
No the Hyundai ad clearly stated what I posted and did include all those fees and taxes. Yet they called the initial payment as “due at signing”
I concur that you should ask to be certain about what is or isn’t due. And a $0 drive off or alternately an OTD quote would be best