Lease rate being miscalculated?
I was working with a Porsche dealer who says they use gross cap cost in the lease rate calculation, so (Gcap + RV) x MF. Not only that, they are putting a premium on the 2022 Macan of $5000 and they are adding that to the formula so it’s really (gross cap + $5000 premium + RV) x MF and they are only using MSRP (w/out the $5k) for the RV. I asked them why they aren’t using adjusted Cap cost, and they say quite simply that they don’t do that. Not only that, but the MF they are using is .0026 and I have credit over 850. They are in Long Beach, CA. Are these dealers just doing whatever they want because they know inventory is so low? How are they getting away with this? Or is this fair game? I walked away from the “deal” but wanted to post for educated reactions.