Quote:
Originally Posted by shawnski
when you lease a car you pay taxes and license, reg. fees like if you finance a car.
the residual dollars set by nissan the day you lease a car, that number calculates as residual percentage times your msrp of the car, that number is fixed and that would be your payoff number at the end of lease term, if you return the car back that number has no meaning except you have to pay for damages to the car, over on miles, and dispostion fee( he needs to look at his contract)
if you decided to buy the car cash or finance at the end of lease contract, that residual dollar is the one you work on + tax and title fees.
if you want to trade the car for something else the same number you use to calculate the pay off.
one of the biggest purpose of lease is that it keeps you monthly payment lower, you can drive more luxury cars for more affordable payments.
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All that is correct. The only thing I didn't understand & thought you didn't understand were the statements I pointed to(tax references). So I'll just leave it at that those statements just happened. Many times it happened to me to
I'm assuming you understood everything I posted as well.