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Prepaid leases.... Posted by Mike Lynch [Email] (#81) [Profile/Gallery] (more from Mike Lynch) on Thu, 23 Feb 2006 15:43:06 In Reply to: 2006 lease, sasha, Tue, 21 Feb 2006 19:24:40 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Say you wanna' lease a car for $300 a month for 24 mos or a total of $7,200. The lease company will take a little less if you pay the whole amount up front. Hundreds of dollars less not thousands, but still a significant savings. You can pay the leaese up front, but in truth you are only paying the lease down to the residual value. The lease company is still carrying the residual balance for the whole term and thats a major component of the interest or finance charge.
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