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

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).

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.

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

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

Thanks.

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

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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

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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?

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

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

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Sure, anytime. Good luck!

Do you think the \$88 can be removed?

I don’t know what it’s for… gov fee?

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