LeftieBiker wrote: ↑
Sat Sep 26, 2020 1:10 pm
It gets applied to the lease in some form or other. I think the total contribution from Nissan is $10k. To be honest, I haven't been focusing on this, because until she agreed last night, I wasn't expecting her to go for the deal. I'll try to get a breakdown from the sales guy.
Break down would be a bit of surprise.
TLDR; "We can make it work one way or the other"
Mine was always listed as part of cash down as part of the cap reduction. The lease is confusing as even "zero down" is actually not zero down since first payment is due at signing along with random fees, but they just adjust the monthlies to make it zero down.
On my current lease;
Amount due at signing; $10,500
Cap reduction; 9484.38
Negotiated price discount; $4014. not listed but taken from sticker ($38,818) and "agreed" upon price of $34,400 plus fees, delivery to get Gross capitalized cost.
So we end up with Adjusted Capitalized cost (What you pay if you finish the lease and purchase car minus fees, taxes, etc.) 25,965.62
If I had paid off car before first lease payment was due, cost would have been $25,981.47 plus a partial tax on portion not covered by WA State.
So overall; a $14.5ish k reduction (remember delivery charges) Now before we think the above is straightforward, before that math could be done, my dealer paid off my existing lease (16 remaining payments) and bought the car which probably cost me something but maybe not. there is a break even point on a lease due to high incentives but don't know when that would have occured. I am guessing since I was on day one of month 21 (last payment was returned making 16 outstanding) I am thinking I was a bit underwater by then?
2011 SL; 44,598 mi, 87% SOH. 2013 S; 44,840 mi, 91% SOH. 2016 S30; 29,413 mi, 99% SOH. 2018 S; 25,185 mi, SOH 92.23%. 2019 S Plus; 16,686 mi, 92.44% SOH
My Blog; http://daveinolywa.blogspot.com
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