I mean how else would we get material for the meme lounge? It’s a necessary evil, things have been a little slow around here lately.
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Fill out a LH calculator for your deals. Should make you realize you can’t get to the monthly without the extra trade equity as down payment. Math is math. No wall of text rant will make you correct no matter how you try to justify.
If John Doe, who does not have a trade in, walked into the dealer to replicate this deal, will he be getting $355 with $655 at signing? Or would he need to put down $2250 on top of the $655 to get to that number? Rhetorical question. Of course the $2250 trade equity that you chose to build into your deal is considered a down payment. Your actual, effective, DAS is $2905. Sharing deals is a resource for other members who want a data point. It’s best to be accurate.
Your post should read:
TOTAL CASH OUT OF POCKET AT SIGNING: $655 + $2250 (equity from trade in) = $2905
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Nothing that couldn’t be resolved in the other thread can be resolved here.