‘18 Tahoe Premier

mje1985

In Dec-17 I leased a ‘17 Premier. MSRP ~$72k. $0 down. In MD. 10k miles / 36 mons. Paid $945/month. This week, it caught fire as a result of dealer error, so I’m back in the market but as a more educated lessee. This is the quote I’m getting. Thoughts? 2018 Premier MSRP $73,455 Residual (%) 55% Residual ($) $40,400 Sale Price $66,512 (+) Tax $3,991 (+) Dealer Fees $1,200 Gross Cap. Cost $71,703 (-) Incentives $10,500 Adj. Cap. Cost $61,203 Depreciation $20,802 Term 36 Miles 10,000 Base Payment $578 Rent Charge $201 Money Factor 0.00198 Tax 6% Quoted price is $834 but above I’m calculating $779. Hmmmm Thanks!

kyfdx

mje1985 said:

In Dec-17 I leased a ‘17 Premier. MSRP ~$72k. $0 down. In MD. 10k miles / 36 mons. Paid $945/month.

This week, it caught fire as a result of dealer error, so I’m back in the market but as a more educated lessee.

This is the quote I’m getting. Thoughts?

2018 Premier
MSRP $73,455
Residual (%) 55%
Residual ($) $40,400
Sale Price $66,512
(+) Tax $3,991
(+) Dealer Fees $1,200
Gross Cap. Cost $71,703
(-) Incentives $10,500
Adj. Cap. Cost $61,203
Depreciation $20,802
Term 36
Miles 10,000
Base Payment $578
Rent Charge $201
Money Factor 0.00198
Tax 6%

Quoted price is $834 but above I’m calculating $779. Hmmmm

Thanks!

What ZIP code?

mje1985

20814

kyfdx

mje1985 said:

20814

I get $779/mo, as well.

Has the dealer verified all of those numbers?
Including the incentives?

If not, you may be working with different numbers.

mje1985

I figured it out. They're using a lower incentive number in their calculation than they said they were offering, and they're subtracting the first payment from the incentives.

kyfdx

mje1985 said:

I figured it out. They're using a lower incentive number in their calculation than they said they were offering, and they're subtracting the first payment from the incentives.

Well.. there you go