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Lease Charges are Bogus? Or Legit?
Here is a picture of an offer that a dealer in Southern California is making to me for a lease on a 2019 Ford Mustang Ecoboost. I have a rebate of $1250 but all of that 1250 is used up by the following 3 charges:
• Advancement Payments (i.e. First Month’s Pay)
• “Upfront Charges”
• “Total Cap Reduction”
The salesman told me the Upfront Charges and Total Cap Reduction were basically the license and registration fees, but funny enough the 3 fees add up to $1250, exactly the same as the rebate.
So are these charges BS, or are they legit?