Can someone please give me a crash course on leasing?
08-18-2005, 03:53 PM
#2
Former Vendor of MBWorld
Join Date: Jan 2005
Location: Cincinnati, OH
Posts: 583
Likes: 0
Received 0 Likes
on
0 Posts
Most lenders use the following:
Capitalized Cost - Residual Value / Term = Monthly Depreciation
Capitalized Cost + Residual Value X Money Factor = Monthly Interest
Depeciation + Interest = Base Monthly Payment
Capitalized Cost - Residual Value / Term = Monthly Depreciation
Capitalized Cost + Residual Value X Money Factor = Monthly Interest
Depeciation + Interest = Base Monthly Payment
Originally Posted by jm10388
Can someone give me a formula I can use for an approximation of a lease payment? Thanks
