Quote:
Originally Posted by exclusivedetails
Here is an offer I got
MSRP 148,295
Selling Price $120,000
Residual 63% or $93,426
MF .00178
Sales Tax: $9448
Cap Cost Reduction: $5k
Monthly Depreciation: $845 (includes taxes)
Interest: $377
Total is $1,251
They got the sales tax wrong. It should only be $3,400. Money factor is also marked up slightly. With this correction, it should be $993 a month with $5k down. I also think 24 months might be better.
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For April the tier 1 MF is 0.001380 for an interest rate of 3.312%. If you do the full 7 MSD - the MF gets reduced to 0.000890 for an interest rate of 2.136%.
You might want to run the calc without the mark up and assume all 7 MSD (MF 0.000890). I am guessing that you would be pretty close to eliminating that $5K down.
If you can get them to remove the mark up on the MF, seems to me you have a nice deal. Good luck