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03-31-2010, 06:06 PM | #1 |
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Question for salesmen. . . HELP
Quick question to salesmen or anyone who knows the answer
If I get the money factor and residual and price being worked at how do I figure out my payment? I know it gets a little more complex when they have rebates/holdbacks and such but im just asking for the basic calculations etc ex I got a car down to 35k and I find out the mf and residual how do I figure the payment? Thank You
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03-31-2010, 06:27 PM | #2 |
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04-01-2010, 12:32 PM | #3 |
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Drives: 2023 X3 M Competition
Join Date: Apr 2007
Location: Park City, Utah
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Monthly Depreciation = (Cap Cost - Residual) / # of Months
Lease Rate = (Cap Cost + Residual) x Money Factor Total Monthly Payment = Monthly Depreciation + Lease Rate ...If I remember correctly. |
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04-01-2010, 12:43 PM | #4 | |
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Quote:
Quotes from that website are ALWAYS dead on if u have the right numbers to put in. |
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04-01-2010, 12:55 PM | #5 |
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if you have an iphone or ipod touch, there is a financial/lease app that had helped me a lot.. you can plug in the numbers right in front of them.
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