Not sure if I entered the amounts into the calculator correctly, so please let me know if made an error on the lease calculator (I adjusted the MF decimal percentage to get the mo. lease payment to match up, but the total lease cost is still off a little bit).
Regardless of whether or not the deal score is good or not, this is 100% the and the monthly price I wanted going into this process, so I’m happy with that. I was also originally quoted $405/mo with zero down, so happy I was able to get that price down to what I wanted.
Yeah, you’re drive offs are not that. I think that figure you gave is the selling price or msrp - whatever discounts applied. Drives are usually in the 4 digit range, (first month payment + taxes + registration + cash down…etc…)
Ah, okay - makes sense. Definitely interpreted that wording incorrectly, haha. Sorry for the mix-up. My first month payment was waived I paid nothing upon signing, so I think it would be just $0. I’ll edit the post now.
The difference is quite large, I hope you didn’t get taken in for a ride. That extra 0 puts your interest at 28%, while if you take a 0 out, it comes out to 2.88%
It’s late, so maybe I’m not thinking straight, but right now it’s at 0.00012, which the LH calc lists as being 0.29% APR. If I remove a zero to make it 0.0012, it lists the APR as 2.88% APR.
It’s late, and maybe I’m not thinking straight, but right now it’s at 0.00012, which the LH calc lists as being 0.28% APR. If I remove a zero to make it 0.0012, it lists the APR as 2.8% APR.
I also checked a recent CX5 deal check post on here where they mention 0.00012 is the standard MF rate for those cars, and they have it input into the LH calc exactly like I do.