Baxterdown

Dealer gave me "1.2" as money factor. That doesn't make sense. AFS's MF for september is .00075 which translates to 1.8% interest rate.

1.2% interest rate equals to 0.0005 MF which I know is not AFS's september lease rate.

Any thoughts? I'm heading to the dealership tomorrow Saturday to do the deal! :-)

Jose

Baxterdown

Here are the initial numbers they gave me:


36months at 12k yearly
$2,129 due at signing
$829 plus tax

MSRP $58,825
Selling price is $56,625

MF 1.2%
Residual 53%

$2,129 breakdown- $399 bank fee- $575 acquisition fee- $145 license fee- first month payment- taxes- and florida surcharge for the lease of about $70.00

The 829 is without tax. With tax the payments are $879.16.



Besides the MSRP, Aquisition Fee, and Residual, the rest of the numbers are a bunch of BS! I ran them through leasecalc and they come out to $795 X month with tax!

Here are a few questions,

- as I understand it, "bank fee" and "aquisition fee" are the same. Am I mistaken?
- Isn't the aquisition fee included in the calculation of the lease rather than paid at inception?
- What the h*ll is a "Florida Surcharge"?!

Thanks in advance for your help

Jose

afretes

1.2 MF = 2.88%

Houstonmobilian

Perhaps Bank fee is Dealership Service fee or Document Fee? I would just ask them what it is if I were you.