Help am i in the wrong???

giggles10giggles10 Member Posts: 10
edited February 2020 in Ram
ok so i am looking to lease a 2020 ram 1500 crew cab long horn or whatever its called i MSRP is 42230 with dealer discounts and sale incentives price is 35017 with conditional incentives price is 32265. according to them crysler capital residual is 48%. putting depreciation/payoff at end of loan to be 20,270. if sale price is 32265 minus what its worth at end of loan 20270 equals what i am responsible for during the term of the lease at 11995 divided by 36 months is 333 pre tax, why is the dealership wanting 519 a month pre tax??

oh and MF is .00003

Comments

  • MichaellMichaell ColoradoModerator Posts: 194,388
    giggles10 said:

    ok so i am looking to lease a 2020 ram 1500 crew cab long horn or whatever its called i MSRP is 42230 with dealer discounts and sale incentives price is 35017 with conditional incentives price is 32265. according to them crysler capital residual is 48%. putting depreciation/payoff at end of loan to be 20,270. if sale price is 32265 minus what its worth at end of loan 20270 equals what i am responsible for during the term of the lease at 11995 divided by 36 months is 333 pre tax, why is the dealership wanting 519 a month pre tax??

    oh and MF is .00003

    What is your ZIP code?

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  • giggles10giggles10 Member Posts: 10
    33917
  • kyfdxkyfdx Moderator Posts: 198,859
    giggles10 said:

    33917

    Is it a Big Horn?
    4X2 or 4X4?
    What annual mileage allowance?

    Short answer: It's likely that the price quoted is for a purchase, and the price for a lease is higher.
    Also, you'll have fees and a small amount of finance charge (since the money factor is so low), and of course, 7% sales tax added to the payment.

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  • giggles10giggles10 Member Posts: 10
    its big horn 4x2, my math is showing $333. the dealer is wanting 519 a month lease 12000 miles at 42 months
  • MichaellMichaell ColoradoModerator Posts: 194,388
    giggles10 said:

    its big horn 4x2, my math is showing $333. the dealer is wanting 519 a month lease 12000 miles at 42 months

    Can you post a screen shot of "your math"?

    And, if you can get the dealer to share their worksheet with you, to compare, that would be great, too.

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  • kyfdxkyfdx Moderator Posts: 198,859
    giggles10 said:

    its big horn 4x2, my math is showing $333. the dealer is wanting 519 a month lease 12000 miles at 42 months

    Ask the dealer for the selling price and adjusted CAP cost on the lease. I'll guess that will make everything clear. I doubt you can get the quoted price, along with a Chrysler Capital lease.

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