Autopia.org - View Single Post

jsatek · 12-11-07, 09:08

Correct, that could not be further from the truth. You, the buyer, are paying only the depreciation. Hence the term RESIDUAL VALUE. The bank is making INSANE interest on you every month, not to mentinon ridiculous Bank Fee's and Lease Termination Fees.

Google a lease calculator to see the formula which breaks down the Interest+Principal. you would be amazed.

12-11-07, 09:08	#9 (permalink)
jsatek Master of Redundancy jsatek is offline Join Date: Mar 2006 Location: White Plains, NY Posts: 1,608	Re: Leasing vs. Owning Correct, that could not be further from the truth. You, the buyer, are paying only the depreciation. Hence the term RESIDUAL VALUE. The bank is making INSANE interest on you every month, not to mentinon ridiculous Bank Fee's and Lease Termination Fees. Google a lease calculator to see the formula which breaks down the Interest+Principal. you would be amazed.