Quote:
Originally Posted by Cyberdemon
You shouldn't need to cross check the payments, you can run the numbers you should be getting yourself with any lease calculator.
Figure out the money factor you were given (dealers can bump this up, or if your credit score is poor that may hurt you), and the total fees and taxes you've paid.
The residual value can be found on the forums.
Base a good deal (invoice price) on 7% off MSRP and figure out how far off you are from invoice.
If you need more specific info you can check the ordering forum here. Ultimately you should never sign a lease until you've taken a look at every one of the numbers in the calculation and made sure it is correct. I've had dealers try to inflate the bank fee, inflate the money factor, even inflate the cap cost at the last minute.
You take your eyes off them for one minute and they'll gladly throw the numbers around to make you think you're getting a good deal. Also the reason why to never trade in a car, it just mucks things up even further.
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So the residual is 57% and the money factor is .0015. Selling price is at $52,000.00 or $51,000.00 depending if i get to use my drive event incentive. Is it reasonable for my payments to be $806.00 a month???