2017 Hyundai Sonata Sport 2.0T 36 Month Lease Math

ackermanackerman Member Posts: 16
edited September 2016 in Hyundai
Is Destination Fee part of MSRP?
Is Dealer Fee (a Florida thing) part of MSRP?
Are Tax, Tag and Title part of MSRP?

If the above items are part of MSRP, are they all included in the % of MSRP to calculate the Residual Value?

Do you take the Money Factor such as .00050 and multiply that by 2400 to get the Interest Rate?

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  • kyfdxkyfdx Moderator Posts: 190,788
    ackerman said:

    Is Destination Fee part of MSRP?
    Is Dealer Fee (a Florida thing) part of MSRP?
    Are Tax, Tag and Title part of MSRP?

    If the above items are part of MSRP, are they all included in the % of MSRP to calculate the Residual Value?

    Do you take the Money Factor such as .00050 and multiply that by 2400 to get the Interest Rate?

    Yes... destination is part of MSRP
    No... dealer fees are not part of MSRP
    No... tax, tag and title are not part of MSRP

    MSRP is the bottom line on the government-required window sticker.

    Yes, multiplying the money factor by 2400 will approximate the equivalent APR, but that isn't necessary to calculate a lease payment.

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