Total Due At Signing

“Total due at signing” is a term used to describe the amount of money that a buyer must pay at the time of signing a car lease or financing agreement. This amount includes all fees and charges that are due at the time of signing, such as:

• Down payment: This is the initial payment made by the buyer to reduce the amount financed.
• Sales tax: Sales tax is typically calculated on the amount financed and is due at the time of signing.
• Documentation fee: This is a fee charged by the dealership to cover the cost of processing the paperwork and documentation for the lease or financing agreement.
• First month’s payment: The first month’s payment is typically due at the time of signing and covers the cost of financing the vehicle for the first month.
• Security deposit: Some lenders may require a security deposit to be paid at the time of signing.
• Other fees: There may be other fees and charges associated with the lease or financing agreement that are due at the time of signing, such as acquisition fees or registration fees.

The “total due at signing” is an important number to understand when negotiating a car lease or financing agreement, as it represents the upfront costs that must be paid before driving away with the vehicle.

Due at Signing vs Down Payment

Due at signing

This refers to the total amount of money that must be paid by the buyer at the time of signing the lease or financing agreement. This amount includes the down payment, first month’s payment, sales tax, documentation fee, security deposit, and any other fees that are due at the time of signing.

Down payment

This refers to the initial payment made by the buyer to reduce the amount financed. The down payment can be applied towards the purchase price of the vehicle, or it can be used to reduce the amount of the monthly payments. A larger down payment can result in lower monthly payments and a lower overall cost of ownership.

Due Signing Calculator

A “due at signing” calculator is a tool that helps estimate the amount of money that must be paid by a buyer at the time of signing a lease or purchase agreement for a car. This amount may include the down payment, sales tax, documentation fee, first month’s payment, and any other fees that are due at the time of signing.

It typically works by inputting information such as the purchase price, down payment amount, sales tax rate, and other relevant fees. The calculator then generates an estimate of the “due at signing” amount based on that information.

Using this tool can be helpful for car buyers as it can give them an estimate of the upfront costs associated with buying or leasing a car, and help them determine their budget and decide whether they have enough money to buy the car they want.

It’s important to keep in mind that a “due at signing” calculator is just an estimate and the actual amount may differ based on individual circumstances and negotiations with the dealership.