Lender Fees are calculated differently than you think. Instead of taking the Total System Cost Amount and multiplying by the dealer fee, it is instead calculated as such: Fee amount = amount/(100 - dealer fee).
For a dealer fee of 24%, the math is Total System Cost Amount / .76.
Another example: If a dealer fee is 24.79% and the Total System Cost is $25,967.50 then the math is: $25,967.50 / .7521 which equals $34,526.66. Lender Dealer Fees in this example come up as $34,526.66 - $25,967.50 (Total System Cost) = $8,559.16
It's done this way because the fees have to get tagged onto the principal that is being financed. That way when you take the gross cost times the dealer fee you get back to the net. Otherwise you would be losing money.
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