The

**Residual**reverse calculates to

**60%**so there is either a typo on the offer (should be 36,000 miles not 45,000, or GM Finance has increased the residual 2% more (not likely), I will assume a typo and continue to believe the GM Financial chart that has the 36 month

**Residual Values at LT 58%, 60%, & 61%; Premier 57%, 59%, & 60% for 45,000, 36,000, & 30,000 miles respectively**.

For those that don't already know, you can calculate the Money Factor by dividing the monthly rent charge quoted by the (adjusted capitalized cost + residual) on the lease agreement.

The only

**Fees**involved should be the Lease Acquisition Fee ($595), some minor Documentation Fees <$100 (I am using $80), and a small CA State Environmental/tire Fee <$20 (I am using $9). Licence and Registration (I am using $400 since the DMV calculator is not working). These can be either paid upfront or financed in the adjusted capitalized cost. I am calculating paid upfront, but it doesn't really matter since I am using a fixed $2500 "drive-off" and financing them would just mean a larger down payment which makes the net or adjusted capitalized cost the same (There is a slight advantage to paying for them upfront since you pay use tax on the CCR down payment)

The delta between Invoice and MSRP is $1,645 for a Base LT and $1,828 for a loaded Premier. The reserve credit is $200-$150 depending on whether the dealer is or isn't on GM Floor Plan. So dealer profit at MSRP without marking anything up is $1,845 to $2028.

**The profit on Rent Charge markup**is 90%-70% depending on whether the dealer is or isn't on GM Floor Plan, so this seems to be where the dealer is making a "hidden" profit.

I am using

**$2,500 drive-off**since that will be offset by the CA CVRP Rebate.

**Bottom line:**

**Fair deal**for a 36 month 36,000 mile lease deal on a

**Base LT @ MSRP $36,620 (+$875 delivery)**with 8% sales tax is

**$2500**drive off and

**$382**per month.

**$15,886.26**Total of Payments

**Great deal**for a 36 month 36,000 mile lease deal on a Base LT @

**Invoice $35,155 (+$875 delivery) +$500**with 8% sales tax is

**$2500**drive off and

**$352**per month.

**$14,825**Total of Payments

**Fair deal**for a 36 month 36,000 mile lease deal on

**Loaded Premier @ MSRP $43,030 (+$875 delivery)**with 8% sales tax is

**$2500**drive off and

**$483**per month.

**$19,322.16**Total of Payments

**Great deal**for a 36 month 36,000 mile lease deal on a

**Loaded Premier @ Invoice $41,202 (+$875 delivery) +$500**with 8% sales tax is

**$2500**drive off and

**$439**per month.

**$17,861**Total of Payments

Now its off to see how little the dealers are willing to make.