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‘18 Tahoe Premier

mje1985mje1985 Posts: 3
edited June 2018 in Chevrolet
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!

Answers

  • kyfdxkyfdx Posts: 171,617
    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?

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

    Edmunds Moderator

  • mje1985mje1985 Posts: 3
    20814
  • kyfdxkyfdx Posts: 171,617
    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.

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

    Edmunds Moderator

  • mje1985mje1985 Posts: 3
    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.
  • kyfdxkyfdx Posts: 171,617
    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

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

    Edmunds Moderator

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