Last sanity check on ix lease before 1/2

JommyJones

Seems like sheet says rv is 53% and mf is 0.00026 but when I used a lease calculator monthly should be 887 not 897. Am I missing anything? Can I ask them to lower selling price? Looks like it’s currently 11-12% off. Im in TX

kyfdx

@JommyJones

Using the Adjusted CAP cost they list, I get the exact payment they do.

But..

$95,000
-$10,796.58 (deal contributions? This could mean anything)
+$1750 (fees.. need itemized)
--------------
= $85,953.42

Not the $87,701 they are showing as the adjusted CAP.

What I don't see is sales tax on this deal. Even if they are giving sales tax credits, you usually have to pay some amount of tax.

You need an explanation of the $1747 difference between those two numbers.

Seems like a reasonable deal, in any event.

JommyJones

thanks @kyfdx

I think the difference may be tax w markup? I see the difference is exactly 2%. I thought sales tax w tax credit is 1%

kyfdx

JommyJones said:

thanks @kyfdx

I think the difference may be tax w markup? I see the difference is exactly 2%. I thought sales tax w tax credit is 1%

I'm sure it's tax, and maybe something else. Just ask.

Also, make sure you know what the other $1750 consists of.

JommyJones

@kyfdx Thanks will do. Does bmw take msd on ix? Does it help in this case?

kyfdx

JommyJones said:

@kyfdx Thanks will do. Does bmw take msd on ix? Does it help in this case?

I’m not sure. If they do, you could make 4 MSDs, and that would lower the MF to .00002.

That would knock about $30/mo off the payment

JommyJones

@kyfdx

Wanted to to circle back w 1750:
Acquisition fee: 925
License fee: 545
Doc fee: 225
Title fee: 38
Other fee: rest.

I was able to knock off $30/mo w conquest. Apparently msd is not allowed w tax credit?

kyfdx

JommyJones said:

@kyfdx

Wanted to to circle back w 1750:

Acquisition fee: 925

License fee: 545

Doc fee: 225

Title fee: 38

Other fee: rest.

I was able to knock off $30/mo w conquest. Apparently msd is not allowed w tax credit?

No info on that. It’s possible