Quote:
Originally Posted by Rschin2
First, a general question...how accurate is Leasehackr's lease calculator? Is it spot on or at least close to what the dealers come up with in terms of calculating the monthly payment?
Also, how do you factor in the $995 Destination and Handling when using the calculator? When you select BMW as the 'make', it automatically sets an 'acquisition fee' of $925. Should I enter the MSRP excluding the d+h and just adjust the acquisition fee to the correct $995, or should I enter the total MSRP including d+h and set the acquisition to 0?
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Enter the MSRP including D+H. Acquisition fee is separate and should be left as is at $925. These are two separate fees. D+H is the cost for the dealer to get delivery of the car, and acquisition fee is set by financial services to draft up the paperwork etc.
The Leasehackr calculator is relatively accurate. There can be fluctuation of $10-$15/month based on how the dealer is calculating payments, but anything over a $15/month discrepancy should be looked into. At that point either you've entered the numbers in incorrectly or the dealer is doing something incorrectly.