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Can someone help me understand what the payment would be based on the new residual on my build. This is an ED car with Individual paint ($5K option):
MSRP after all options: 84,875.00 (Total options cost including custom paint: $22,875)
Total out of pocket cash: $885
Selling price (ED): $75,849.00
Bank fee: $795.00
Total cap cost: $76,644.00
Old residual: 63% = $53,471.25
MF: I believe it's ED buy rate but not sure - I see on my quote 1.55, not sure what this means.
Monthly depreciation: $612.06
Monthly rent: $202.76
Total monthly payment including tax of 8%: $880.00 (39 months)
My questions:
1- Is this a good deal for 39 months @ 63% residual (have not signed papers yet)
2- Now, if I ask my dealer that I want to do 36 months but use 66% residual, what would the payment be like?
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