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Old 05-15-2008, 11:38 AM   #14 (permalink)
PSNissanFleetMgr
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Re: End of Lease Buyout Questions - Help Please

Quote:
Originally Posted by Orange Crush
Without the actual specifics, I'm kind of inclined to think that the residual may be more than what the vehicle is actually worth.

http://detnews.com/apps/pbcs.dll/art...804290318/1148
This is precisely why it always makes better financial sense to turn it in and get a new truck. Otherwise you end up paying for the vehicle twice, in effect. Take for example the customer I leased a new Armada to yesterday. The total of the payments they have made so far equal about $30,000. For them to re-finance it and make 48 more payments, it tacks on another $23,088.00. For them, they will have paid $53,000 for that Armada at the end of their refinance contract, and it originally stickered for $40,000. Make sense?
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