One year ago you signed a 4-year lease on a DeSoto Fireflite Sportsman. The sticker price on the car was $46,657.97, the lease rate was 2%, and the monthly payments (starting at the time of signing) were $544.10. The buyout was $23,328.98 due at the end of the lease term. Now (one year after signing the lease but just before the 13th lease payment) DeSoto has just released the new Fireflite Sportsman with better styling and 20% more horsepower. You want to get out of your lease on the old car and lease one of the new ones. How much remains owing on your lease