Complete Credit to LeaseHckr for this deal! I tried studying this deal and thought will share with other users the math put together. Again, nothing is different from the original source, but just that I have created different plans based on his advise since there are multiple permutations in a given deal.
The plans are discussed below (based on NJ) but if you want to work with your state sales tax, regional MF, dealer document fee etc., you should use the excel posted here (download and enter numbers based on your State specific!).
Note1: When paying a security deposit (refundable), it reduces the MF factor which in turn brings the monthly payment down.
The sale/haggle price of 21235 is based of leasehckr advise which is based of "dealers on a popular car buying site offering that amount"
Note2: Most dealer assume that 24-month will increase your monthly payment, what they do not realize is that 24-month also means less depreciation (71% as opposed to 63%) and hence the savings to the lease holder. Might want to shine this light while working your numbers.
ps: Huge Thanks to LeaseHckr for creating the forum. Here's their facebook page.
ps2: If you liked this post, pl let me know and feel free to share it out so others can take advantage as well!
ps2: If you liked this post, pl let me know and feel free to share it out so others can take advantage as well!
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