More like $25 extra plus interest. - Saab NG900 & OG9-3 Bulletin Board - Saabnet.com
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More like $25 extra plus interest.
Posted by gatorcpa [Email] (more from gatorcpa) on Tue, 8 Oct 2002 17:35:25
In Reply to: I agree....., Mike Lynch [Profile/Gallery]
, Mon, 7 Oct 2002 22:44:54
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Mike is correct about the dealer following the ad pricing for cars with additional options. However, I don't agree with his math in figuring the options in the lease.
For example, if your car was $2,000 more than the stripped version advertised, those options need to be "residualized". First, you must know the residual percentage. The last time I looked at a 48 month lease ad, I think that was about 40%.
This means that you will pay 60% of the cost of the options in the lease and the other 40% will be in your buyout price at the end. 60% times $2,000 is $1,200, divided by 48 months, is $25 additional per month for your options. Plus interest of course.
Good luck,
gatorcpa
'00 9-3 convertible
posted by 208.249.92...
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