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Break down..... Posted by Mike Lynch [Email] ![]() ![]() In Reply to: 9 3 lease deals, ds, Fri, 4 Mar 2005 14:33:11 Members do not see ads below this line. - Help Keep This Site Online - Signup |
The $2,999 includes the first payment $229, the acquisition fee $595, and the rest is a capitlized cost reduction or down payment. If you're a $229 guy that means your in the region that has $1,000 bonus cash ($750 here on SoCal and $239 a month) so technically that's $229 1st + $595 acq + $3,175 down - $1,000 bonus = $2,999. What the $2,999 doesn't include is the local sales tax on the down payment, the license fee, the doc fee and any other local taxes, licenses or fees. Here that adds about $500ish to the $2,999.
Yes you can "roll" or include that amount in the monthly payment instead of paying up front and your arithmetic is basically correct as the lease charge is so low that financing/leasing more doesn't really add additional interest/lease charges.
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