Has anyone ever taken over a lease for a 200? On the surface, this seems like a good deal, as you can get a long-term price on a shorter term. It seems like there are a few places brokering these types of deals, but all want $$$ to signup.
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LC holds value so good definitely is not worth it. Just sold 16LC and got myself 20LC. Costed me 20K to drive it for 4 years. Pretty much for cost of 4Runner lease drove LC. Lease on LC would be 2x.
Don't remember exact number but it was below 30K. So low for the year. Definitely helped with resell value a little. Key, the truck looked brand new as I really took care of it.Out of curiosity how many miles on that 16 when you traded it in?
LC holds value so good definitely is not worth it. Just sold 16LC and got myself 20LC. Costed me 20K to drive it for 4 years. Pretty much for cost of 4Runner lease drove LC. Lease on LC would be 2x.
Money factor being a kind of implied interest rate? Comparing these two forms of 'ownership' should be possible from a financial perspective.Main thing to look at on leases is money factor, residual and fees.
Money factor being a kind of implied interest rate? Comparing these two forms of 'ownership' should be possible from a financial perspective.
I'm just starting the financial analysis of this transaction. On the surface, it seems these two forms are similar:Yes to both. You certainly can compare the two from a financial perspective.
I'm just starting the financial analysis of this transaction. On the surface, it seems these two forms are similar:
money factor = interest
residual = depreciation (or 100% - depreciation)
fees are probably the same, origination and servicing (?)
If you've got such a comparison, or know of one, I (and probably others) would love to see it.