Quote:
Originally Posted by greginchi
Huh?! Rent charge is a function of cap and MF (see equations in link below)...so the higher your cap the more interest you pay...meaning if you lower cap with a down payment the less interest you pay over the lease term.
https://www.edmunds.com/car-leasing/...e-payment.html |
I'm under the impression that deposit money lowers monthly payment by $$$/lease term so $5000 drops a 36 mo lease by $138.89 per month. Perhaps I'm wrong and you have to also subtract whatever interest charge is part of that $138.89 you are lowering your payment. That would generally be rather insignificant on a monthly basis so I guess I haven't bothered to count that in the past. Leases truly are designed to confuse.