[darkerosxx]

Can someone please confirm my numbers?

At the risk of sounding like an idiot that can't add, my sales tax here in Louisiana is 4% state and 5.5% local, so the correct monthly is 9.5%, right? I've never done a lease, so I just wanted to confirm that both count.

Also, before people hound me about putting money down, I need my payment to be in the high 570's range. I've run the options from 1-7 security deposits and outside of putting $8,000 cash down on the day of lease, I can't get it in the range I need it to be at. I feel wary about putting money down, but I gotta do what I gotta do.

Thanks for your help, guys.

50,065 MSRP
49,315 sale price
3,600 down payment
600 security deposit
750 acquisition fee
490 registration, etc.
9.50% sales tax
12,000 miles/year
36 lease term
62% residual
0.00130 money factor
3.12% interest rate (calculated from money factor)

Cap Cost
49,315.00 sale price (including gas guzzler & destination)
3,600.00 cap reduction (down payment)
750.00 acquisition fee
46,465.00 cap cost

Residual
50,065.00 MSRP
62% residual %
31,040.30 residual



Monthly Depreciation
46,465.00 cap cost
31,040.30 residual
15,424.70
36 lease term
428.46 monthly depreciation


Monthly Interest
46,465.00 cap cost
31,040.30 residual
77,505.30
0.0013 money factor
100.76 monthly interest


Total Monthly Payment
428.46 monthly depreciation
100.76 monthly interest
529.22 base payment
50.28 sales tax
579.50 total monthly payment


Drive Off Amount
3,600.00 down payment
342.00 cap reduction sales tax
600.00 security deposit
489.75 registration, etc.
579.50 first month payment
5,611.25 total drive off


Total Lease Cost
5,611.25 total drive off
20,282.39 monthly payments
25,893.63 total payments
600.00 security deposit refund
25,293.63 total lease cost