Today, we decided to go for a new mercedes. Buy or lease I don't know yet. Do any of you know how to compute what interest rate a "lease factor" corresponds to. My apologies GEORGE, I know I asked you this question on another thread.
RE: How to compute a lease int After three years you have no car with a lease. With a purchase you have the car. If you could know what the car would be worth after three years to sell it after purchase...YOU WOULD KNOW WHICH IS CHEEPER. I GUESS.
RE: How to compute a lease int The left over value on the mercedes lease is called the residual value. I found that out this morning. The salesman said something about dividing some numbers to get an equivalent of the interest rate. Thanks for the help. I may go to the bookstore on this one as this lease stuff is all greek to me.
RE: How to compute a lease int Thanks MarkT for the mercedes lease info. We just found out that is the way to do it. I wonder how many people lease and don't know this.
RE: How to compute a lease int Do a search for leasing on the internet. There are a ton of websites that will give you a lot of information including all lease calculators that the dealer will use.