The gross cap cost of a lease is made up of the negotiated sale price of the car + taxes/fees/add on, its then reduced by down payments/rebates.
Correct?
if the price on the 2025 pro S is
-48,074 then add taxes & fees ($2600 roughly with 8.75% tax rate, doc fee, acquisition fee, registration) which brings to $50,678 then reduced by the $7500 irs tax rebate which is $43,178..
then further reduced by my DCAP grant of $7500, and im willing to add $300 out of pocket
That should be a roughly 35k gross cap cost right?
i have a DCAP california grant, the max gross cap cost can not exceed 45k.
the base of payments cannot exceed 45k either.
Lease term has to be 30mo or more.
At any rate, from the little reading I did, the max total purchase price for replacement car under DCAP does not include taxes and fees. Total purchase price isn’t something that maps onto a lease that cleanly, so you might want to contact the program to ask if they look at gross capitalized cost or adjusted capitalized cost (since the former would not fall under the $45K threshold but the latter would [edit] not).
Based on the numbers you’ve posted, the dealership is applying the entirety of your DHCP grant to the DAS, so your adjusted cap cost presumably does not include that.
Having said all that, maybe @delta737h can run some calcs for you.
No to both. What you/ve described is the adjusted cap…
Gross Cap = Sell price + capitalized amounts
Adj. Cap = Gross - cap cost reduction
Gross cap = 48074 + 1403.75 = 49477.75 … this exceeds the max gross cap of 45k
Adj Cap = 49477.75 - 15300 = 34177.75
Geez, you’re all over the place. You initially said that registration fees are capped. Later you claimed that reg. fees are paid upfront. Get some firm numbers and organize them so we can have a meaningful conversation. Otherwise, we’re just taking shots in the dark. I use a tabular format. This is only an example and so, you’ll need to tailor it to fit your own situation…
