Question my Lease deal
Thread Starter
Junior Member
Joined: Sep 2008
Posts: 46
Likes: 1
G35 and Nissan Armada
Question my Lease deal
on my lease deal
6. Your Monthely payment is determined as shown below
A. Gross Capitalized Cost (69500.00) then $72966.50 (Sticker)
B. Capotalized Cost Reduction: -$3580.5
C. Adjusted Capitalized Cost: =$69386.00
D. Residual Value: -$38712.60
E. Depreciation and any amortized amounts: =$30673.4
F. Rent Charge: +$7627.36
G. Tatoal Base Monthly Payment: =$38300.76
H. Lease Payments: /36
J. Base Monthely payment $1063.91
L Total Monthely Payment $1063.91
My question to people who leased, what is the rent charge of $7627.36
the whole thing is this
"F. Rent Charge: The Amount Charged in addition to the Depreciation and any amortized amounts" what is this and how did they calculaed this???
6. Your Monthely payment is determined as shown below
A. Gross Capitalized Cost (69500.00) then $72966.50 (Sticker)
B. Capotalized Cost Reduction: -$3580.5
C. Adjusted Capitalized Cost: =$69386.00
D. Residual Value: -$38712.60
E. Depreciation and any amortized amounts: =$30673.4
F. Rent Charge: +$7627.36
G. Tatoal Base Monthly Payment: =$38300.76
H. Lease Payments: /36
J. Base Monthely payment $1063.91
L Total Monthely Payment $1063.91
My question to people who leased, what is the rent charge of $7627.36
the whole thing is this
"F. Rent Charge: The Amount Charged in addition to the Depreciation and any amortized amounts" what is this and how did they calculaed this???
Super Member
Joined: Mar 2008
Posts: 903
Likes: 23
From: B.C.
GL 320cdi, Chevrolet Avalanchero, GLE 350 (on order)
It's your cost of money, cus you borrow the whole amount, not just the depreciation, which is the only portion of principal you knock down. The balance of the principal=residual. Get it?
Thread Starter
Junior Member
Joined: Sep 2008
Posts: 46
Likes: 1
G35 and Nissan Armada
Super Member
Joined: Mar 2008
Posts: 903
Likes: 23
From: B.C.
GL 320cdi, Chevrolet Avalanchero, GLE 350 (on order)
Junior Member
Joined: Aug 2007
Posts: 57
Likes: 0
From: newport beach
2008 m5
the rent charge is the total finance charges during the life of the lease. the MONTHLY rent charge is
(net capitalized cost
+
residual)
x
money factor
so you'd multiply that by the # of months of your lease.
from my calculations, it looks like your money factor was .00196
did the dealer tell you the money factor?
(net capitalized cost
+
residual)
x
money factor
so you'd multiply that by the # of months of your lease.
from my calculations, it looks like your money factor was .00196
did the dealer tell you the money factor?
Thread Starter
Junior Member
Joined: Sep 2008
Posts: 46
Likes: 1
G35 and Nissan Armada
the rent charge is the total finance charges during the life of the lease. the MONTHLY rent charge is
(net capitalized cost
+
residual)
x
money factor
so you'd multiply that by the # of months of your lease.
from my calculations, it looks like your money factor was .00196
did the dealer tell you the money factor?
(net capitalized cost
+
residual)
x
money factor
so you'd multiply that by the # of months of your lease.
from my calculations, it looks like your money factor was .00196
did the dealer tell you the money factor?
over all, what do u think? did i get a good deal?
