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Do these lease numbers add up? Acura 2016 TLX base

jekyoo_stylejekyoo_style Posts: 9
edited August 2016 in Acura
Can someone please check my calculations? I asked my dealership (Illinois dealership) for all the lease terms and this is what I got once I punched it all in. My monthly payments is different from what they gave me. I need someone else to double check to make sure its right before I address it to them.

MSRP - $32,635.00
Residual Value - $18,928.30 (58%)
Capital Cost - $25,527.00
Money Factor - 0.0007
Down payment - 0
Lease Term - 36

Monthly Depreciation Fee - $183.30
Monthly Lease Fee - $31.12
Monthly Lease payment w/o tax - $214.42
Taxes - $15.55 (7.25%)

Drive off
Taxes (Paid Upfront) - $559.80
1st month's payment - $229.96
Acquisition Fee - $595.00
Doc Fee - $169.27
New Plates & Title - $221.00
Total - $1,215.23

Comments

  • Ops I messed up.

    Drive off
    Taxes (Paid Upfront) - $559.80
    1st month's payment - $214.42
    Acquisition Fee - $595.00
    Doc Fee - $169.27
    New Plates & Title - $221.00
    Total - $1,759.49

    Forgot to add the upfront tax and the 1st months payment should not include tax.

  • kyfdxkyfdx Posts: 130,941

    Ops I messed up.

    Drive off
    Taxes (Paid Upfront) - $559.80
    1st month's payment - $214.42
    Acquisition Fee - $595.00
    Doc Fee - $169.27
    New Plates & Title - $221.00
    Total - $1,759.49

    Forgot to add the upfront tax and the 1st months payment should not include tax.

    Your monthly payment calculation is correct.

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    Edmunds Moderator

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