Quick question : where do I put $5k of positive equity in the calculator.
My guess is the selling price— is this correct?
Down payment. It makes more sense to get a check for your trade equity versus using it in your lease
But applying the trade in to the sales price lowers the tax due —- is this a correct assumption?
A trade-in does not lower the sales price. The equity can be given to you via a check, used towards paying the drive-offs or as a cap cost reduction.
Thank you — appreciate the explanation.
What about factoring equity amortization such as accounting for milage on loaners?
Adjust the residual percentage accordingly
Doesn’t work that way with MBZ as every mile over 3k is priced at .20/mi off the RV and RV is not an editable field. RV($) != RP(%)
You can type whatever you want in residual field. Just reduce it by the miles times the rate per mile. Then take that adjusted residual divided by the MSRP to come up with the adjusted percentage to plug into the calculator.