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Can someone evaluate my lease quote.

wineishealthywineishealthy Member Posts: 68
edited May 2019 in Mercedes-Benz
Can someone evaluate my lease quote? Leasehacker calculator is coming back with $643 and the dealer is at $699.34
It's an MBenz GLC 300 coupe 36/10K miles. I've asked for the MF and was told its the standard MF no actual number has been given to me yet.
Should the monthly be lower?


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    MichaellMichaell Moderator Posts: 241,676

    Can someone evaluate my lease quote? Leasehacker calculator is coming back with $643 and the dealer is at $699.34
    It's an MBenz GLC 300 coupe 36/10K miles. I've asked for the MF and was told its the standard MF no actual number has been given to me yet.
    Should the monthly be lower?


    How are you able to calculate a lease payment if you don't know the MF?

    But, same problem as your other quote - we believe HI taxes the monthly payment on a lease, and the numbers on that worksheet show taxation against the full selling price.

    We show .00084 and 53% for 36/10

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    wineishealthywineishealthy Member Posts: 68
    They did say that tax most likely will change, they are still working out the math. "HI taxes the monthly payment on a lease" would this increase or decrease the payments?
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    MichaellMichaell Moderator Posts: 241,676

    They did say that tax most likely will change, they are still working out the math. "HI taxes the monthly payment on a lease" would this increase or decrease the payments?

    Decrease, since you are only paying tax on the depreciation amount of the car, not the entire selling price.

    "They are still working out the math" - what, the dealer only has one abacus to pass around?

    Computer software can (and should) do this in a matter of seconds.

    Heck, use this link to build your own lease calculator, then you can double check the dealer numbers:
    https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

    The more you share about this experience, the less I'm liking the dealer.

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    wineishealthywineishealthy Member Posts: 68
    Thank you Michaell
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    bekisovbekisov Member Posts: 25
    Someone please evaluate my lease

    2020 Hyuindai Elantra SE
    MSRP $20,205

    Lease Cash $3,500
    Valued Owner $500
    First Responder $500
    Military Incentive $500
    College Graduate Incentive $400

    Lease Term 36 months/10k
    Residual $10,506.60

    Total Due at Signing $3,024 ($1,874.50 down, $650 Bank Fee, $499.50 Doc Fee)
    Monthly Payment $64
    Total Cost of Lease $5,328

    Note: Payment does not include taxes and title/registration.

    Thanks.
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    kyfdxkyfdx Moderator Posts: 237,873
    bekisov said:

    Someone please evaluate my lease

    2020 Hyuindai Elantra SE
    MSRP $20,205

    Lease Cash $3,500
    Valued Owner $500
    First Responder $500
    Military Incentive $500
    College Graduate Incentive $400

    Lease Term 36 months/10k
    Residual $10,506.60

    Total Due at Signing $3,024 ($1,874.50 down, $650 Bank Fee, $499.50 Doc Fee)
    Monthly Payment $64
    Total Cost of Lease $5,328

    Note: Payment does not include taxes and title/registration.

    Thanks.

    Please re-post in the Elantra discussion, here:
    https://forums.edmunds.com/discussion/56871/hyundai/elantra/2020-hyundai-elantra-lease-deals-and-prices#latest

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