Initial payment = 1,999 - 349=1,650
Adjusted Net capitalized cost : of $24,441 includes $7,500 manufacturer incentive for federal tax credit available to NILT by law, and $595 non-refundable acquisition fee
MSRP : Based upon $32,780 MSRP
Destination Charge : $820
The problem is, they don't add up. Net Capitalized Cost should be = MSRP + Dest Charge + Acq Fee - Tax credit - Downpayment
But the Net Capitalized Cost is given as 24,441 !
Either NCC is wrong, or Destination charge is wrong. According to my calculations, if NCC is right, Destination Charge + acquisition fee = $820.
Can anyone straighten this out ?
OK solved : Acquisition fee shouldn't be included. SL is still different by 100 ...
$349 a month2 – 36 month lease
($1,999 initial customer payment)
Excludes tax, title and license. Initially available through online reservation process. Orders through dealers commencing in August (in limited areas) and sales by dealer commences in December 2010. LEASE payment of $349/mo. is an example of offer if vehicle were sold in April 2010. The actual lease offer for NMAC (or "NILT") will be announced in December 2010 when sales commence. Subject to change. Limited quantities available in select markets and states through online reservation system. Increased availability in Spring 2011with full market rollout through 2012. At start of sale, one order per household address until availability increases. Taxpayer must incur federal tax liability to receive full benefits. Consult your tax professional.
2 Estimated monthly payment based on proposed offer subject to change at start of sale. Estimates include assumed residual, money factor, and acquisition fee amounts. Excludes taxes, title, and license. $1,999 initial payment required at consummation (includes $1,650 down payment and $349 first month payment). 2011 LEAF SV subject to availability to well qualified lessees through Nissan-Infiniti LT ("NILT"). Subject to credit approval. Based upon $32,780 MSRP plus $820 destination charge. Adjusted Net capitalized cost of $24,441 includes $7,500 manufacturer incentive for federal tax credit available to NILT by law, and $595 non-refundable acquisition fee. Dealer contribution may affect actual price set by dealer. Monthly payments total $12,564. Lessee is responsible for maintenance and repair. Lease payment excludes the cost of the EVSE/charging dock charging equipment. Security deposit not required. Disposition fee due at termination of lease term. See participating dealer for details. Finalized lease terms available to be set upon start of sale.