Quote:
Originally Posted by pimp4cheddar
The money factor is such a small part of this.
If it's 0.9% or the normal 3.1%...this is minimal compared to the big picture.
The residuals are 90% of the cost...
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Sorry, I totally disagree. The big picture to me is actual cost to own the vehicle. If you lease a vehicle with the residual at 49% and its worth 60% as you near the lease end, you are fool to turn it in. You'd be better off trading it in or paying it off and selling it. In this case your real cost is depreciation and money factor. The residual is meaningless unless the vehicle is worth equal to or less than the residual at lease end. What matters to me is the actual cost of ownership and the money factor is going play into that.