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Normally in general....... Posted by Mike Lynch [Email] ![]() ![]() In Reply to: Buy out lease, Mike, Tue, 22 Jul 2003 06:35:43 Members do not see ads below this line. - Help Keep This Site Online - Signup |
There can be a savings for early pay of, but often not. Compare the payoff to the total of the payments plus the residual and you'll have an exact amount of interest saved. If I'm on the right track and there's not much of a benefit to paying it off early then that would be the conventional wisdom, let a lease run it's course. A mild shift in interest rates by next year may not be significant vs locking yourself into the car for the long term now.
Also the sooner you pay it off the sooner you incur the sales tax liability, a pretty significant sum.
posted by 207.158.49...
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