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Old 11-14-2012, 06:24 PM
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ELS Landscape ELS Landscape is offline
LawnSite Senior Member
Join Date: Aug 2012
Location: Grand Prairie, Texas
Posts: 694
Most leases charge interest on the whole value of the vehicle and you pay principal on the value - residual.

Figuring out if the residual is good or bad is tricky but 50% is average on most leases. That is why leases are lower on a monthly bases as you are effectively in a 72 month payment plan but you give up the vehicle. Better off buying at 60 months IMHO or go 72 if you have to but I try to stick to 48 for the best rates.

Ask them about a 72 month lease with a 1 Dollar buy out
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