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Nissan Pathfinder Lease Questions

333 messages,  Last post on Jun 13, 2008 at 2:30 AM

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What is this discussion about? Nissan Pathfinder, Car Leasing, SUV

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#331 of 333 figuring residual by josephcrain May 27, 2008 (3:04 pm)
Hello Car_Man, Can you tell me if I have figured the residual correctly and also explain the "money factor" (how it is computed or how it efftects payment).   My quote - Invoice 31,618 + 100 + $31,718 2008 pathfinder SE   Lease Cost - $635 up front 38 payments $448.00 15K miles/yr.   38 x $448 = $17024 + $635 up front = $17659 / $31718 = 55.6% residual????? Replies to this message: gator88 (May 31, 2008 6:48 pm) Car_man (Jun 13, 2008 2:30 am)
#332 of 333 Re: figuring residual [josephcrain] by gator88 May 31, 2008 (6:48 pm)
Replying to: josephcrain (May 27, 2008 3:04 pm) The residual is the % difference between the MSRP and the purchase price at lease end.
#333 of 333 Re: figuring residual [josephcrain] by Car_man HOST Jun 13, 2008 (2:30 am)
Replying to: josephcrain (May 27, 2008 3:04 pm) Hi josephcrain. Gator was right on the money. The residual values of leased vehicles are based upon a percentage of their full MSRPs, including the MSRPs of any options that can be residualized. Money factors are used to calculate the interest portion of leases. Banks provide dealers with a list of the money factors and residual values that they must use to calculate vehicles' monthly payments. Residual values are set in stone and individual dealers do not have the authority to alter them. On the other hand, dealers are often allowed to "mark-up" vehicles money factors to add additional, back-end profit to deals. That's why it is always a good idea to find out exactly what factor the dealer is using to calculate your vehicle's payment. The following article explains how money factors and residuals are used to calculate lease payments: Calculate Your Own Lease Payment.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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