To: Hot Tabasco
Your estimated lease payment from "internet sites" is way too low.
For example, the trade-in value of an EX-L coupe with 36,000 miles (2010 model) has a Blue Book trade-in value of around $15,500. That's over $13,000 of depreciation that the lease payments would have to cover on a 3 yr.-36k lease.
$13,000+ divided by 36 months is $369 a month, then the lease has to factor in the time value of money and a reserve for bad debts.
16 posted on
01/07/2013 1:46:58 PM PST by
kenavi
(Lost the country? Win your state.)
To: kenavi
For example, the trade-in value of an EX-L coupe with 36,000 miles (2010 model) has a Blue Book trade-in value of around $15,500.
Now that makes sense. I never factored in the drastic depreciation cost of the vehicle after 3 years and that's why the calculator I used came up with such a discrepancy between it and the dealer.
Heres the calculator I used
25 posted on
01/07/2013 2:15:02 PM PST by
Hot Tabasco
(Jab her with a harpoon.....)
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