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  • 24 to 51 months money factor is .00162 | If you have good credit, and the dealer is working your deal at a higher money factor to pad their margins, hammer them on it! If your credit is good enough, the dealer can offer you .00162
  • 36 month residual is 64% for 15,000 miles!
  • For 12,000 miles, 36 month residual is 66%
  • For 10,000 miles per year, residual is 67%
  • For 7,500 miles per year, residual is 68%
  • National advertisement is $329 per month with 2,900 down plus all fees. 36 months/10,000 miles per year. This is based on a P1 car and Becker Map Pilot vehicle. That MSRP is $33,925.
 

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Thanks for providing these lease rates, i wouldn't be surprised if Canadians are paying $400 or more a month instead of $329
 

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I'm sure most of you are thinking this right now, so I'll just put it out there.

Life sucks for Canadians, just one product gets taxed 4-5 times, every time a money exchange happens, big brother has their hand in the pocket of Canadians. Not sure how exactly it works with cars but im sure there's something close to it.
 

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I think it has to do with the cost of living or something but they do get taxed more than us. Oh well at least I won't have to pay the same and its not really that much of a difference.
 

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My wife is Canadian so we go up to Canada quite often. The tax rate depends on the province, like here in the US where the sales tax depends on the state. On top of the provincial tax there's also a national tax (don't know the actual terminology). So there are essentially two sales taxes. In Ontario where my wife is from the total taxes they pay for goods are around 15% if I recall. But the additional tax goes towards social programs we don’t have here in the US.
 

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  • 24 to 51 months money factor is .00162 | If you have good credit, and the dealer is working your deal at a higher money factor to pad their margins, hammer them on it! If your credit is good enough, the dealer can offer you .00162
  • 36 month residual is 64% for 15,000 miles!
  • For 12,000 miles, 36 month residual is 66%
  • For 10,000 miles per year, residual is 67%
  • For 7,500 miles per year, residual is 68%
  • National advertisement is $329 per month with 2,900 down plus all fees. 36 months/10,000 miles per year. This is based on a P1 car and Becker Map Pilot vehicle. That MSRP is $33,925.
Hi, I just leased my CLA and I got $2000 off the price and The dealer use .00162 as a money factor. However, my calculations for payments do not match the dealer:
total retail MSRP 40675
gross capitalized: 42002.44( price 38675+ acquisition fee 995+ taxes 2332.44 MD)
capital cost reduction:2568.96(cash 3000+benz certificate of appre 500- license fee 225-registration fee 20- doc fee 199 - first monthly payment 457.04)
adjusted capitalized cost 39433.48
residual value: 26845
depreciation 12587.98
rent charge 3865.46( money factor, money made by financial company)
total monthly payment 16453.44
I used a lease calculator application on my phone and I used "0" for sales taxes since the sale/use taxes were collected upfront 2332 on the gross capitalized. If this is right my payment will be 429.67. I am paying 457. if I use 6% on the lease calculator the payment is 455. I don't know if I missing something but it looks to me that I am paying double taxation. Can somebody please explain if this sounds right?
 

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i hope you will forgive a very naive question. can you explain something like a .00162 money factor and how you would use it to figure your lease. i hope this does not seem too obvious and dumbass
 

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For back of envelop, multiply the money factor by 24 to get annual interest rate equivalent.
 
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