EXAMPLE OF LEASE INCEPTION COSTS

$399.00 $400.00 $1500.00 $379.80 $12.50 $10.00 $795.00  $199.00   $1105.55  $4,800.85 =

FIRST MONTHS LEASE PAYMENT   REFUNDABLE SECURITY DEPOSIT  DOWN PAYMENT “ZERO DOWN” REFERS LINE#3  MOTOR VEHICLE FEES  TIRE FEE  BATTERY FEE  BANK FEE  DOCUMENTARY FEE  USE TAX (PAID UPFRONT)  TOTAL INCEPTION COST

WHAT IS TOTAL OUT OF POCKET ?

“TOTAL OUT OF POCKET” REFERS
TO THE TOTAL AMOUNT OF MONEY
THE CONSUMER MUST PAY INCLUDING
 ALL UPFRONT CHARGES.

THIS IS A BETTER TERM TO USE
WHEN NEGOTIATING WITH A
NEW CAR DEALER BECAUSE IT
WILL ELIMINATE ANY
MISUNDERSTANDING AT THE
BEGINNING OF YOUR NEGOTIATION.

HOWEVER, YOU MUST
REPEAT AND EMPHASIZE
“TOTAL OUT OF POCKET”
AND WHAT IT MEANS TO YOU,
SO YOUR SALESPERSON OR MANAGER
COMPLETELY UNDERSTANDS
AND CAN NOT SAY LATER ON
THAT THEY MISUNDERSTOOD
WHAT YOU SAID.

IN THE EXAMPLE ABOVE
TOTAL OUT OF POCKET
EQUALS $4800.85

PLEASE NOTE:
YOU CAN PUT ANY PART OR ALL OF
 “TOTAL OUT OF POCKET”
INTO THE MONTHLY PAYMENT AND
TAKE “ZERO ($0) OUT OF POCKET

OF COURSE YOUR MONTHLY PAYMENT
WILL GO UP ACCORDINGLY