lease calculation
02-16-2006, 08:13 PM
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lease calculation
I am trying to figure out how dealers/lease company calculate your monthly payment. I am thinking:
MSRP X tax X interest rate. then minus residual(40%, 50%, etc) then divide by how many months you are going to lease (ie 48, 36, etc.)
is that right? or is the formula different then that?
MSRP X tax X interest rate. then minus residual(40%, 50%, etc) then divide by how many months you are going to lease (ie 48, 36, etc.)
is that right? or is the formula different then that?
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