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Originally Posted by FiftyFiv3
Interest? Never heard of it, please explain.
You really think a residual of 60k is realistic?
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It has a high sticker. Math is math.
Under your math where you are adding the payments to the residual to get a total cost of the purchase, the actual residual itself doesn’t matter much since a low residual makes the payments higher and vice versa. Obviously if you plan to turn the car in after 3 years you’d want as high of a residual as possible.
Rates are high and that makes any sort of financing a 94k car expensive. Obviously also taxes. Is someone dumb for paying 100k cash for a 94k msrp car ? In many states that would be what would be required about tax. It costs money to borrow money, who knew.