[morningla]

Hi can someone tell me if my papers are correct.

My 36 months residual is 60%
$53547.29 car
$21807.29 to be amortize during lease term
$31740.00 residual.

lease interest charge over term $4962.67

does this look right? It looks like they are calculating 3.9% interest with my total cost $53547.29.

Shouldn't lease be calculated with my amortization amount? Am I being screwed? Shouldn't the interest be around $800 annually? How can $800x3=5000+???

Or am I just understanding the leasing calculations incorrectly?

and if the lease is based on the total vehicle price, why would residual matter at all in a lease?

[flush01]

can you post please details of your lease... im new to leasing cars as well (use to buy it cash all the time) and i'm not really sure if i'm getting screwed or not...thx