The estimated value of the car at the end of the lease terms
The Months and Miles the car is leased for
How do you convert a Money Factor (MF) to an APR?
MF / 2,400 = APR
MF x 2,400 = APR
Residual x MF = APR
Residual / MF = APR
The Residual is calculated off from?
Cap Cost
Money Factor
Acquisition Fee
MSRP
True or False: The Adjust Cap Cost is the Agreed Upon Price + All Fees (DMV, Acq. Fee, Doc fee, etc.) - Cap Cost Reduction (Cash down, Lease cash, etc.)?
True
False
What is a Monthly Depreciation Charge/Fee?
The Interest Charge you pay each month
( Net Cap Cost – Residual ) ÷ Term
( Net Cap Cost + Residual ) × Money Factor
Not a real fee
The Monthly Rent Fee is calculated: ( Net Cap Cost + Residual ) × Money Factor
True
False
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