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Old Aug 24, 2014 | 08:18 PM
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mondster
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Lease question
When calculating the residual on the lease, is it based on the MSRP or the negotiated price?

Thanks much!
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Old Aug 24, 2014 | 09:34 PM
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oonowindoo
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Originally Posted by mondster
When calculating the residual on the lease, is it based on the MSRP or the negotiated price?

Thanks much!
MSRP and you don't calculate it. It is per-determined by the bank.
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Old Aug 24, 2014 | 11:40 PM
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Originally Posted by oonowindoo
MSRP and you don't calculate it. It is per-determined by the bank.
He may mean that a lease deal says 30 months is 54% and he wants to know how to calculate that.
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Old Aug 25, 2014 | 12:17 AM
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mondster
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Got it. Thanks for the info
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