Quote:
Originally Posted by mikeriley
63% again thats for 36 months at 15K per year (mistyped 10K up top!) and the going rate is 61%
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ummm, if you got 63% and the going rate is 61% aren't you doing better that way?
61% means the car would be worth less after you are done renting it. Lower residual = more depreciation = higher payment (along with higher finance fee).
On the flip side the buyout of your lease is higher than it would be at 61%, but if you don't plan on buying it seems like you are in a better situation.
Edit -- Oh I get it. You're worried what will really happen when they find the error.. yeah it sounds like there will have to be some discussion going into that... I just picked up a car and was doublechecking stuff, and nervous something like that would happen. I'm glad it didn't.. good luck.