Quote:
Originally Posted by Quickburn7
Quote:
Originally Posted by Greer
Very Mad, Is this Dealer marking up the lease and not disclosing it to me?
I am doing Europan Delivery in a couple of weeks and a few members on this board are saying these numbers do not add up from the dealer.
I have an 820 credit score and I am not trading in another car. Here are the lease numbers:
2019 M5 COMP. Selling price: $116,395 $7000 total down 36mo lease with 10k miles per/year $1888 plus tax $2068 include tax. (residual 51% at 10k miles per yr. money factor 0.00216 because of the ED)
Need assistance ASAP. Thx.
|
I am not sure it depends on what fees they are taking in at lease inception.
Here is what a quick Lease calc came up with. I guess that 51% residual and no discount on the car really jacks up the payments:
MSRP116395
Base Cap Cost116395
Cost Added to Lease1390
Cap Cost Reductions4000
Net Cap Cost113785
Residual Amount59361
Money Factor0.00216
Lease Term36
Lease Payment$1,885.77
Monthly Sales Tax179.15 ( 9.5%)
Total Monthly Payment$2,064.92 |
ED should have at least 5% discount over US MSRP.