|
Texas | I know how they work. My point was that they make sure the lease payments more than cover the depreciation. Say for example you lease a 50k pickup for three years and at the end of three years it will be worth 30k. They are going to get more than 20k from you on the lease payments because they don't want the chance of you turning it back end at the end of the lease and it being worth less than 30k because they would lose when they sell it.
What they sell it for plus what you paid in lease payments is what they ultimately get for the vehicle. They make darn sure to charge enough for the lease so they don't come up short when it is time to sell.
They are pretty good at calculating the residual but they definitely err in their favor. | |
|
Questions about pickup leases for a newbie.....
