how do you calculate the administration and financing charges for a lease vehicle do you have to pay monthly?

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how do you calculate the administration and financing charges for a lease vehicle do you have to pay monthly?

scams from leasing and over charging

2007-03-07 08:52:21 · 2 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling

2 answers

residual value + selling price x money factor = monthly finance charge.

Selling price - Residual value / Term = Depreciation charge

Add monthly finance charge and depreciation charge together and you get your monthly payment. Not including taxes and fees.

2007-03-07 11:30:23 · answer #1 · answered by jay 7 · 0⤊ 0⤋

without proceeding to sound rude, in case you don't be responsive to the thank you to discern this user-friendly operation of financing, you shouldn't be interior the financing corporation. Asking strangers on the internet to coach you is purely soliciting for problem; maximum in all probability financial disaster.

2016-10-17 12:26:06 · answer #2 · answered by ? 4 · 0⤊ 0⤋