good deal in socal 90027?? Niro EV Premium,

pezezezpezezez Member Posts: 1
edited November 2019 in Kia
36 months lease
10k miles per year
MSRP: $44995.00
SELL PRICE: $43656.00
RESIDUAL: 45% ($20247.75)
AQU FEE: $650.00
REBATE: $10000.00
CASH CAP REDUCTION: $1271.42
ADJUSTED CAP COST: $33034.58
GROSS CAP COST: $34306.00
MONEY FACTOR: 0.00183
LICENSE FEE: $532.00
CA TIRE FEE: $7.00
ELECTRONIC DMV FEE: $30.00
DOCUMENTATION FEE: $85.00
DOC FEE TAX: $8.08
CAP REDUCTION TAX: $1070.79
CUSTOMER CASH DOWN: $3500.00
BASE MONTHLY PAYMENT: $452.70
MONTHLY USE TAX: $43.01
TOTAL MONTHLY PAYMENT: $495.71
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  • kyfdxkyfdx Moderator Posts: 207,717
    pezezez said:

    36 months lease
    10k miles per year
    MSRP: $44995.00
    SELL PRICE: $43656.00
    RESIDUAL: 45% ($20247.75)
    AQU FEE: $650.00
    REBATE: $10000.00
    CASH CAP REDUCTION: $1271.42
    ADJUSTED CAP COST: $33034.58
    GROSS CAP COST: $34306.00
    MONEY FACTOR: 0.00183
    LICENSE FEE: $532.00
    CA TIRE FEE: $7.00
    ELECTRONIC DMV FEE: $30.00
    DOCUMENTATION FEE: $85.00
    DOC FEE TAX: $8.08
    CAP REDUCTION TAX: $1070.79
    CUSTOMER CASH DOWN: $3500.00
    BASE MONTHLY PAYMENT: $452.70
    MONTHLY USE TAX: $43.01
    TOTAL MONTHLY PAYMENT: $495.71

    $3500 upfront + $495/mo?

    The calculations are correct.

    Either get a bigger discount from MSRP, or lease a different vehicle. Yikes!

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