Quote:
Originally Posted by chris328
Thanks, yeah I just basically took a crash course in lease calculations (great fun) and did them out myself, I have to verify on the MSRP and options, but given a supposed 1,200 credit for AT to the dealer and someone told me there was a mid-month money factor reduction in effect or .00040 through 7/31, with an MSRP of 40,600:
I was told that fair price = (MSRP*93%) - 1200 credit for AT + 1,000 dealer profit
So with a fair price of 37558
37558*.57 = 21408.06
37558 - 21408.06 = 16149.94
16149.94/36 = 448.61
interest = (negotiated price + residual)*MF
(37558 + 16149.94)*.00145 = 77.88
total = $526 + .05 tax = 552.34
dealer offered me $575. I'll have to check on exactly what the options and invoice are, but that's nearly an extra $900 over 36 months. Can't really say if it's a ripoff or not yet cause I have to verify the actual MSRP...if that were the actual MSRP, is the extra $23 a month getting ripped off, or is that normal.
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So OP, dying to know if you leased the 08 sedan or 08 coupe? Do you still have it?
