Leased a Mercedes GLS but I’m wondering what I’m doing wrong on the calculator/if I got hosed on the deal.
Vehicle MSRP: $89,905
MF: .00220 (What I was told by them) before MSD’S
Residual: 57%
MSD: 10 - $10,500 brought money factor to around .00150
I put down $3,000 Cash so $13,500 out of pocket CASH
I had equity in my trade which they applied: $13,764.58
Acq Fee: $1095
Some BS Warranty they added for $995 which I know is a scam but it is what it is
When I input these numbers into the calculator I’m getting totally different required down payments and different monthly payments. Either I’m doing something wrong or the dealer played with the numbers somewhere. Can anyone help?
We cant help you find the error in your calculator if you don’t post it.
Also, you need to adjust your calc to match the due at sale if you want to compare monthly payments. There isnt a “correct” answer for how much is due at sale.
I think I may have found the issue. For the selling price in the calculator I was putting in the gross capitalized cost not the adjusted capitalized cost. Take a look at this CALCULATOR | LEASEHACKR