Lease Question
I haven't spent much time messing with leases so don't make too much fun. I have a lease set up for my sister at $250/month for 36 months, which comes out to $9000 total invested. She can put $6000 down, so that's $3000 left over. Am I correct in calculating her new payment as being ($9000-6000)/36 months, or is there some voo doo calculation? Also, this price includes tax/title/bs fees.
Why is she putting $6000 down you say? B/c that's what she got out of her last car that was recently totaled, I don't know how good she is with money, so I'd rather it be used as a down payment instead of sitting in an account until she see's a 50% off sale at Anthropology then poof.
Thanks
Last edited by Watwood; 01-02-2012 at 10:10 PM..
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