LEASE CALCULATION WORKSHEET

Date of Lease Order or Prelease Agreement

LEASE CALCULATION WORKSHEET

Lessee Name(s)

MODEL YR

MAKE-TRADE NAME

MODEL

BODY TYPE

COLOR

IDENTIFICATION NUMBER

Price Information (Numbers in parenthesis refer to line number on WATDASI Form 13B Lease Order Form or Form 13C Prelease Agreement)

I. Components of Gross Capitalized Cost (1) a. MSRP (including mfr. accessories)......... __________________ b. Dealer Markup ...................................... + __________________ c. Dealer Installed Options ....................... + __________________ d. Discount................................................ __________________ A. Agreed Upon Value of Vehicle...........= __________________

Taxable Components of Gross Capitalized Cost e. Lease Acquisition Fee .......................... + __________________ f. Negative Leased Trade-in Equity ......... + __________________ g. Services Fee (if capitalized)..................+ __________________ h. Service Contract ................................... + __________________ i. Other __________________________ + __________________

B. Total of Taxable Components ........... = __________________ Nontaxable Components of Gross Capitalized Cost j. Credit Insurance ................................... + _________________ k. Gap Insurance/Waiver .......................... + __________________ l. Title/Reg. Fees ..................................... + __________________ m. Sales / Use Tax .................................... + __________________ n. Negative Trade Equity (owned) ............ + __________________ o. Other __________________________ + __________________ C. Total Nontaxable Components..........= __________________

Total Gross Capitalized Cost (1)........=

II. Owned Or Leased Trade-In Equity Information Owned Trade-in Leased Trade-in a. VEHICLE Trade-in Allowance (gross allowance)..... _______________

b. Estimated Payoff.......................................... _______________ c. Net Trade-in Equity...................................... = _______________ d. Refunded Amount (if any)............................ _______________ e. Difference ........................................................ _______________ Payoff to: ________________________________________________

III. Components of Capitalized Cost Reduction (2) Cash Down Payment ......................................... ________________ Consumer Rebate(s) (6b) ............................... + ________________

Positive Trade Equity....................................... + ________________

Total Capitalized Cost Reduction (2) .......... = ________________

IV. Amount Due at Lease Signing Calculation (5)

Capitalized Cost Reduction

______________

First Monthly Payment

+ ______________

Refundable Security Deposit

+ ______________

Other _________________________________+ ______________

Other _________________________________+ ______________

Other _________________________________+ ______________

Total Amount Due at Lease Signing ...............= ______________

How Amounts Due at Lease Signing Are Paid (6)

Positive Net Trade-in Allowance........................... ______________

Consumer Rebates.............................................+ ______________

Cash Payment with Order...................................+ ______________

Cash Payment Due at Lease Signing.................+ ______________

Total - Must match Total Amount Due at Lease Signing .... =

V. Monthly Payment Calculation Gross Capitalized Cost (1)

Capitalized Cost Reduction (2)

Adjusted Capitalized Cost (1 2)

______________ ______________ = ______________

Adjusted Capitalized Cost (1 2).......................= _______________ Residual Value .................................................. _______________ Depreciation and any Amortized Amounts ......... = _______________ Rent Charge ....................................................... + _______________ Total of Base Monthly Payments........................= _______________

Number of Payments.......................................... _______________

Base Monthly Payment .................................... = _______________

VI. Taxable Percentage Calculation Additions: Taxable Components of Gross Capitalized Cost.. +_______________ Rent Charge ......................................................... + _______________ Total Additions ................................................... = _______________

Subtractions: Owned Trade-in Allowance OR ............................ _______________ Leased Positive Trade Equity .............................. + _______________ Residual Value of the Vehicle............................... +_______________ Total Subtractions .............................................. = _______________

Agreed Upon Value of the Vehicle ....................... _______________ Total Additions...................................................... + _______________ Total Subtractions................................................. _______________ Total Taxable Sales Price .................................. _______________

Gross Capitalized Cost......................................... _______________ Payoff of Vehicle Traded-in (owned or leased) .... + _______________ Rent Charge ......................................................... + _______________ Negative Trade-in Equity, if capitalized ................ _______________ Trade-in Allowance............................................... _______________ Residual Value of the Vehicle............................... _______________ Total Amount Paid to Leasing Company ......... = _______________

Total Taxable Sales Price..................................... _______________ Total Amount Paid to Leasing Company .............. ?_______________

Taxable Percentage............................................ =

VII. Taxable Amount of Payment at Lease Signing Cash Down Payment............................................ _______________ Customer Rebate (6b) ....................................... + _______________

Amount on Which Taxable Percentage Applies = _______________ Taxable Percentage ...........................................X _______________ Taxable Amount of Payment Due at Lease Signing................................................................... = _______________ Sales Tax (State, County and Stadium, if applicable) ........X _____________ % Sales Tax on Payment Due at Lease Signing = _______________

VIII. Taxable Amount of Monthly Payment Monthly Payment................................................= _______________ Taxable Percentage ...........................................X _______________ Taxable Amount of Monthly Payment................. = _______________ Sales Tax (State, County and Stadium, if applicable) ......X _____________ % Sales Tax on Monthly Payment ........................... = _______________

Only Part I of the Price Information section needs to be completed when this form is being used to disclose the Components of Gross Capitalized Cost.

Acknowledgement

I acknowledge receipt of a copy of this worksheet.

_________________________________________ _____________

Name(s)

Date

WATDASI 13A 09/2013

Copyright 2013 Wisconsin Automobile & Truck Dealers Association

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