Is my lease calculation correct?

I’m new to the lease and couldnt figure the lease offers I received were good or bad.
I want to understand whether it is my calculation or the lease.

For instance,
Assume the calculation is made on top-tier credit score.
Lease:
36mo, 12,000 miles

Price:
MSRP: 46,000
After Rebates: 34,500
Residual: 23,500
Montly: 294 (without tax)
Drive-off: 5200 (including 2750 for tax, fee, etc)

Now,
total lease cost: 294x36 + 5200 = 15784

given the residual value, I’m paying about 15784 + 23,500 = 39284
while the price after the rebate is 34,500.

Question #1, There is a difference of 4784 could this be due to the high MF applied to it?

a reverse calculation:
price-after-rebate - residual value = 34500 - 23500 = 11000
add tax,fee = 11000 + 2750 = 13750
remove drive-off: 13750 - 5200 = 8550
monthly payment: 8550 / 36 = 238 (without tax)

Question #2: $238mo would have been in the best montly payment as MF=0%?

please help clarify!

Just put it in the calculator and set the MF to zero. You will get your answer.

How does this useless exercise help you? That is my question.

Upfront taxes on the incentives/cap reduction, acquisition fee, registration fees, dealer fees, and rent charge all get rolled into here.

You gotta stop with the confusing hypotheticals back and forth, selectively leaving out some taxes but not all, etc.

What’s the car? What’s the discount? What’s your tax rate? What’s the mf/rv/incentives?

Rather than try to back calculate some crappy dealer offer, just work out a target deal for what this should be. Even if you work out exactly what the dealer offer actually is, without a target deal to baseline against, it’s useless information.

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That’s like saying 7 bananas + 8 oranges > 14 apples

The $15,784 includes taxes and interest. You would also add taxes and interest to the RV to find the sum of owing the car.

Then compare that to the cost after tax and interest on buying the car for $34,500.

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It looks like you know how to calculate things, so here is what I received from another dealer. Let me know how you calculate or suggest what other details I’d need to get from the dealer

Agree. I should remove 2750 (the dealer mentioned it as the sum of tax and non-tax components) from 15784.
so 13034 +23500 = 36534 (compared to 34500)

I’m trying to compare only non-taxed components.

It’s a good suggestion. As far as I feed in the calculator based on the available info, it comes to 0.002 MF

its not for blazer but VW.ID.4.S

The calculator you get by paying $6 for a month will tell you exactly what MF and program discounts/rebates you should be getting for your exact zip code and trim. It is a no brainer purchase if you are about to lease a car. Using it will answer a lot of your questions here and prepare you to make logical offers to dealers.

1 Like

You need nothing from the dealer.

You need to put together a target deal first. You need that before you ever speak to a dealer.

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