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Make copy of it and you can change different fields and see what you should pay vs what dealer is offering
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Sr #ItemS with QCSLSV+QCNotes
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MSRP3200037,00034850
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Sale Price (negotiated)27,84032,56030,668Northbay Nissan is offering 13% off MSRP. This is really important in the lease calculation even when you think you are not buying. link
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Acquisition Cost595595595Nissan charges this for setting up the lease
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Federal rebate7,5007,5007,500Federal rebate
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Loyalty rebate1,0001,0001,000
You may get this rebate if you have a letter from Nissan (had other nissan vehicle) or put zero here
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Down payment02,5000This is what you pay at the dealership + first month payment (sometimes total down includes the first month payment. in that case put here total down - first month payment. If they are asking you to pay down payment and taxes, fees etc seprately, then you are being taken for a ride. Ask for total payment you need to drive off the car/
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CHECKRebate650650650
Nissan seems to have this extra rebate at this point on lease but check with dealer as it may be different now. Let me know if it is different and I'll update it
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Total cost reduction9,15011,6509,150
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CHECKRegistration/DMV330375350May vary by your state and the price
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Tax on cap cost reduction8011,019801
You are paying tax on federal rebate, nissan rebate and down payments (adjust for your tax rate)
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Doc fee808080Dealers can jack this up. so watch out
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Tire fee777
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Final Cap cost reduction7,3379,5747,317All rebates + down payment - costs/fees
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1Effective Price20,50322,98623,351
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2Residual0.40.40.4
for 36 months lease it is 40% of MSRP, decided by Nissan
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3Residual Value12,80014,80013,940
This will be in your lease agreement and you can buy the car at the end at this price
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4Net Cap Cost20,50322,98623,351
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6Depreciation7,7038,1869,411Effetive price - Residual
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7Term363636
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8Depr. Payment213.96227.40261.41
This is just the payment you pay for depreciation
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11Cap cost+residual33,30337,78637,291To calculate the interest payment
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Rate0.750.750.75Rate is 2400 * money factor
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12Money Factor0.000030.000030.00003
You should ask for money factor (it depends on your credit score, this is what I got)
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13MF factor payment1.001.131.12
This is effectively the interest payment per month in the lease
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16Monthly Lease214.96228.53262.52payment before taxes
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Tax10%10%10%Change your tax rate
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Lease+tax236.46251.39288.78This is your monthly payment
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Compare thisYour total cost 6012.45
down payments + lease payments - state rebate
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How much is it really costing you?
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Monthly payment236.46
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This is what you can compareMonthly payment factoring in down payment236.46
Monthly payment + (Down payment/ # of months)
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State rebate (if any)2500.00California rebate
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number of months36.00
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Monthly payment when you factor in down payment and state rebate167.01
Effective monthly payment factoring in down payment and spreading it over your lease term and reduce the amount by the state rebate
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Daily Commute miles40.00
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# of days you commute25.00
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Total monthly miles1000.00
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Alternate car mileage25.00
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Gas per gallon4.00
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Cost of gas per month160.00
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Cost of alternate car Monthly payments of a different car (if any)
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Repairs on alternate car0.00new leaf will have almost no maintenance
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Cost of electricity20.00Put your cost here
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Other savings62.50
For me I save on Bridge toll because of carpool lanes $2.50 every day (instead of $5)
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Being able to use carpool100.00
How much money would you willing to pay per month to be able to use carpool lane (and save time)?
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My total cost (savings)-135.49
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