Why are my numbers coming up different than dealer? Using LH calculator

Ask the Hackrs
1

36 months/10k miles per year…residual is 54 percent and base MF is .00115. Dealer is marking MF up to 0.00155 (which I am fine with) and I am getting 11% off not including $14,900 in incentives.

However, we are about $25 month off per month in what we are coming up with. I feel the dealer is rolling something into the lease that I want to pay up front (I would be paying first month’s payment, tax, title, license, fees, and 7 MSD’s) because it seems the dealer is saying I would need to put less down for tax, title, fees, etc…than the LH calculator is saying I would need to put down.

LH calculator says I should be at $1198 month with $2,838 down NOT including 1st month’s payment.

Dealer is saying I should be at $1225 month with only $1,906.82 down (or $932 less than the LH calculator is coming up with).

bmw
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Here is my calculator…

I attached the dealer’s pricing/fees. It probably doesn’t matter because it’s basically the same amount…just wondering who actually is right.

2

You have different due at signing amounts. Basically, the difference is they’re capitalizing the acquisition fee in their sheet.

2 Likes
3

Yeah, I figured it was either that or the tax on the $14,900 incentives…

Thanks.

4

We gotta know……. does a $138k BMW 760 with 500 demonstrator miles have rear seat footrests?

5 Likes
5

Nope. Not capping the acq fee. Here’s what they’re doing…

SP 122860.05
Capped Fees 174.50
Capped Tax 805.57 … 5.4…% x 14900
Gross Cap 123840.12
CCR 14900.00
Net Cap 108940.12

RV(54%) 74544.30
Term 36
MF .00113
Sales Tax Rate 5.4…% (odd ball rate)

Base Pay = .00113 x (108940.12 + 74544.30) + (108940.12 - 74544.30)/36
= 1162.78
Contract Pay = 1.054… x 1162.78
= 1225.65

Due at Signing
1st Pay 1225.65
7 MSD’s 8750.00
Doc 799.00
upfront fee 88.00 whatever that is
Acq fee 925.00
upfront tax 94.82
TOTAL DUE 11882.47

Bottom line: 11882.47 due upfront followed by 35 monthly payments of 1225.65 each

Here’s the LH Calc link…

LH Calc

1 Like
6

So more or less it’s the same amount of money as my calculator (just with less down), correct? They aren’t trying to throw something secret in?

7

Not at all. Their calcs check out. Money down means the same thing as cap reduction (14900). I assume you mean the amount due at signing which is 11882.47

8

Yep, cool, making sure. Also, yeah, I didn’t put the MSD in the money due originally. Thanks, appreciate your expertise.

1 Like
9

Sure, anytime. Good luck!

10

Do you think the $88 can be removed?

11

I don’t know what it’s for… gov fee?

12

Oh, forgot to mention to double check the sales tax rate. Doesn’t look right.