Quote:
Originally Posted by matt_335Ci
not sure what kind of fuzzy math you are doing? can you explain?
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The true cost of the lease is the monthly payment including taxes, plus any drive off fees, plus any cap cost reduction (down payment).
Assuming the $4700 down is only cap cost reduction and does not include all drive off fees, divide $4700 by 36 months to get the monthly breakdown of the down payment. roughly $130 per month.
So with the monthly payment of $650, and the $130, the lease is $780 per month. I think this is a good deal assuming $780 is in fact the total ammortized cost.