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Get the best car lease for your company, client, or yourself

December 22, 2011

Focus on the following three figures:

  1. Capitalized cost (price).
    1. Keep your eye on extras like extended service contracts and registration fees.
  2. Residual value (estimated cost at lease end).
    1. Negotiate to minimize the difference between the capitalized cost and the residual value as it is the amount of depreciation that will be financed through the lease.
  3. Interest factor.
    1. To determine true annual percentage rate, ask for the “leasing factor,” multiply by 24.

From → Leases, Money Saving, Tips

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