I got below quote from a deal for GLC 350e in WA. I am unable to understand (or use lease hacker calculator) how did they arrive at the 932 monthly payment. Also, what does negative downpayment means? Could someone please help me put this number into the calculator.
| MSRP (Sticker Price) | $68,615 | Term | 36 Months |
|---|---|---|---|
| Dealer Discount | -$6,000 | Annual Mileage | 12,000 |
| Mercedes-Benz Lease Incentive | -$7,500 | Residual Value (55%) | $37,738 |
| Total Due At Signing | $0.00 | ||
| Price | $55,115 | ||
| First Payment | $932.18 | ||
| Star Loyalty Bonus Program | -$500 | ||
| Down Payment | -$2,199.18 | ||
| Total Purchase Price | $54,615.00 | Estimated Up-Front Registration & Fees | $1,221.50 |
| Sales Tax | $45.50 | ||
| Lease Payments | $932.18/mo |