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You are planning to lease a car that has an MSRP of $60,000 for 4 years. The residual value after 4 years is 55% of
You are planning to lease a car that has an MSRP of $60,000 for 4 years. The residual value after 4 years is 55% of the MSRP. The dealership is offering financing with a money factor of 0.00135 . You negotiate a price of $58,000 and you make a down payment of $2,000. The sales tax is 6.35%. What is your monthly lease payment? Assume 360 days in a year
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