Search results

@danalovesjesus Yeah, my math was bad, 7.75% is correct, monthly interest is $194.72 on $30,148 The 5% would have been a great rate, 7.75% is probably a pretty normal rate for today.

@danalovesjesus That is about the interest rate I got from the first set of numbers but the second set gives me 15.5% which is consistent with the much higher rent charge You lose your down payment, gap insurance doesn't protect you from that. Your car is totalled the lessor gets paid out...

@danalovesjesus You shouldn't put down a penny on a lease, car gets wrecked you lose your entire down payment. Ask them what the money factor is (MF), looks to me like they substantially jacked the interest rate in the updated documents to 15.5% (24 x MF = interest rate) They be robbing you...

@jacobtherunner In this case, sure, because he is paying 15.5% interest But whether leasing is bad or not entirely depends on the numbers. If the MF is zero and Residual equals Capitalized cost it is a great lease.

@duzt Somalia, great freedom there