Hello,
Saw an add for a vehicle I’m interested in. However, the advertised monthly of $129 excludes TTL. I’m in CA so TTL would be paid on a monthly basis. The MSRP is $26,945 and the unadjusted cap cost is $22,045. The adjusted cap cost is $16,770. Out-of-pocket cost is supposedly $2,205 due at signing + first month.
Is there a simple or method available to estimate how much more the TTL would add to the advertised monthly of $129? Thanks.
$2205 / term (I’m guessing 36) = X
X + dealer ad payment = Y
Y + tax (and first payment) = Well, you can figure that out.
Thanks. Yes, it’s a 36 month term. Sorry if I’m misunderstanding, but the $2,205 is already factored into the adjusted cap cost of $16,770. Though it seems that if I really want to know the true cost, that I would in fact use the approach you outlined.
Essentially, if I just want to know how much TTL would add to the advertised monthly of $129, is it simply this.
tax% x $129 = X
TL/36 = Y
X + Y = additional monthly
$129 + Additional Monthly = Total Monthly
There is no rule of thumb. It’s just pure, simple math.
Use the LH calculator and input every single field. Use 0 when you know that it’s 0. Don’t guess.
Ask for any clarification here.
I’d think dmv would be pretty hard to calculate exactly since every state has different parameters like engine size, vehicle weight etc.
And it’s state mandated fees. Dealers would get in enormous trouble if they marked it up. I’ve seen them estimate higher than they anticipate and simply refund any overage. I got a $100 check back from a dealer when I got my car for dmv they over estimated
The OP doesn’t need to know every state’s DMV fee, he just needs to know his own.
https://www.dmv.ca.gov/portal/dmv/detail/portal/feecalculatorweb/index
Put the fees into the LH calculator with all of the other required inputs.