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lease payment vs online calculator

yunisphotosyunisphotos Posts: 3
edited February 2017 in Nissan
I'm looking for a new car to lease in south florida.
last quote i got was the following

2017 Nissan Pathfinder SL basic
MSRP: $37,835.00
Sale Price: $31,221.18
Fees: $955
MF: 0.00083
RV: 57%

Monthly payment: $517

When i do the math using multiple online calculator they all come with $40-$50 less. why the different? is dealer hiding something?

also do i have to pay sales tax with my CAP or on my monthly payment? they adding $954.02 to my CAP

thank you!

Comments

  • kyfdxkyfdx Everywhere, USAPosts: 126,124

    I'm looking for a new car to lease in south florida.
    last quote i got was the following

    2017 Nissan Pathfinder SL basic
    MSRP: $37,835.00
    Sale Price: $31,221.18
    Fees: $955
    MF: 0.00083
    RV: 57%

    Monthly payment: $517

    When i do the math using multiple online calculator they all come with $40-$50. why the different? is dealer hiding something?

    also do i have to pay sales tax with my CAP or on my monthly payment? they adding $954.02 to my CAP

    thank you!

    Florida taxes the monthly payment. But, any amounts paid upfront are taxed upfront.
    Many times, a dealer's "quote" won't be a quote of the actual lease numbers, but just a lot of informational garbage. Are you sure they added it to the CAP? Or, is it just a line, showing the total tax paid?

    Nissan charges a $595 acquisition fee on every lease.
    Florida dealers are famous for huge doc/dealer fees.

    Ask for the adjusted CAP cost.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • yunisphotosyunisphotos Posts: 3
    edited February 2017
    kyfdx said:

    I'm looking for a new car to lease in south florida.
    last quote i got was the following

    2017 Nissan Pathfinder SL basic
    MSRP: $37,835.00
    Sale Price: $31,221.18
    Fees: $955
    MF: 0.00083
    RV: 57%

    Monthly payment: $517

    When i do the math using multiple online calculator they all come with $40-$50. why the different? is dealer hiding something?

    also do i have to pay sales tax with my CAP or on my monthly payment? they adding $954.02 to my CAP

    thank you!

    Florida taxes the monthly payment. But, any amounts paid upfront are taxed upfront.
    Many times, a dealer's "quote" won't be a quote of the actual lease numbers, but just a lot of informational garbage. Are you sure they added it to the CAP? Or, is it just a line, showing the total tax paid?

    Nissan charges a $595 acquisition fee on every lease.
    Florida dealers are famous for huge doc/dealer fees.

    Ask for the adjusted CAP cost.
    below is the quote i got. so you can see with details. I'm also trade in. for me it looks like it was added to the CAP



  • kyfdxkyfdx Everywhere, USAPosts: 126,124

    kyfdx said:

    I'm looking for a new car to lease in south florida.
    last quote i got was the following

    2017 Nissan Pathfinder SL basic
    MSRP: $37,835.00
    Sale Price: $31,221.18
    Fees: $955
    MF: 0.00083
    RV: 57%

    Monthly payment: $517

    When i do the math using multiple online calculator they all come with $40-$50. why the different? is dealer hiding something?

    also do i have to pay sales tax with my CAP or on my monthly payment? they adding $954.02 to my CAP

    thank you!

    Florida taxes the monthly payment. But, any amounts paid upfront are taxed upfront.
    Many times, a dealer's "quote" won't be a quote of the actual lease numbers, but just a lot of informational garbage. Are you sure they added it to the CAP? Or, is it just a line, showing the total tax paid?

    Nissan charges a $595 acquisition fee on every lease.
    Florida dealers are famous for huge doc/dealer fees.

    Ask for the adjusted CAP cost.
    below is the quote i got. so you can see with details. I'm also trade in. for me it looks like it was added to the CAP



    As you can see, those numbers are for purchasing, and there really is no disclosure of lease terms and numbers... just a "cash down" and payment number at the bottom.
    That tax number is irrelevant for a lease.

    This is a typical Autonation quote.

    Also, looks like you have over $3800 of negative equity in your trade in?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • yes I do have an negative from the trade-in. i asked the person to remove the taxes and his responded that was the county tax and he can't remove it



  • kyfdxkyfdx Everywhere, USAPosts: 126,124

    yes I do have an negative from the trade-in. i asked the person to remove the taxes and his responded that was the county tax and he can't remove it



    Again.. those numbers are for a purchase quote. Many of those numbers will not be applicable to a lease

    Ask for the adjusted CAP cost, and the calculation that goes with it. That purchase quote is not the answer you are looking for.
    Ask for the money factor, as well.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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