How do lease specials on cars work? - calculating what change is worth by the pound
I have no work, and how special the car rental lease agreements are always on the depreciation of the car and has not changed.
Suppose that a Honda Accord cost 20k new, and valued at 14k after 30 months. The lease rate is then divided on the 6k difference by 30 months based $ 200 per month plus taxes and interest.
If this is true, how can it be, for example, a special $ 150 per month lease on a Honda Accord? As to the final price of sale to be calculated? In response to the difference between $ 1,500 Depreciation and lease payments over 30 months?
Sunday, February 7, 2010
Calculating What Change Is Worth By The Pound How Do Lease Specials On Cars Work?
1 comment:
I do not know how to pay in addition to the usually on some form of payment, but ... I do not recommend .... their location is one reason that one thing, car dealers, advertising is always ... is how to make the most money ... Buy (slighly used 1-2 years) and a reliable car that will not be possible for depreciation.
Here is an excerpt from Daveramsey.com
Leasing stinks. Here's why. Have a Honda Civic 2001? Sold for 18,000 dollars. If the car in four years, has lost 60% of the value would be worth $ 11,000. They lost $ 7000 in value. For the rental of the Civic and back to the dealer for four years and not pay them $ 7000, then you have lost money. You have to pay them to lose the value of depreciation or money. They are not intended to lose money. Depreciation and profit making, especially in the interest of the loan. One can not approach even a cash transaction. If you have a car for less than what happens in the rental value, then it would make sense. You someone else the key. It was thennting sense. "Somebody has to lose money and not them." Food for thought: Smart Money Magazine says that the number one of the most profitable in the parking lot of the financing contract. Number two is the workshop. The number three is the extended warranty. The number four is the sale of vehicles. What type of company you? Buying a used car and can be achieved for 25% off tag. You always this way.
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