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@kemar I see what you mean with the higher rate, but I get 7.75%. 60296*x = 7010, which means the rate (x) is 0.11626/36 = 0.00323 x 2400 = 7.75%. Before it would have been 58,888(x)36 = $4,430. rate would have come out to .002089, or about 5.015%.

@kemar The deal comes with gap insurance and the MF looks to be 0.00209 on a previous paper, which would be roughly 5.14%.

@jacobtherunner Thank you for your feedback.

@jacobtherunner Help me understand why outside of the down payment that most folks say I shouldn't pay. Out of all the advertised deals for this car (and similar), this seemed to be the "best" deal with a down payment. The dealer charging me 7k for the heck of it is what gets me on the fine...

@ihatethehsc Thank you for that. It's the 2k higher residual and they changed the cap reduction for me for another 2k. Let's say that they did calculate the monthly payment incorrectly and the interest rate went from 5% to 7.75%, it still should be less based on the new residual and Cap cost...

Hi Everyone, we got a lease agreement from a dealership (Los Angeles based) and I wanted a little help in understanding the numbers. We were happy with the monthly payments, but the dealership said they had made a mistake and the old contract "expired" and a new one needs to be signed ASAP. The...