Quote:
Originally Posted by dwalls90
Can you comment on mine? Lol
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Whoops, sorry about that! Rather than guessing, i'm going to leave the PPT (Since MA works differently with that) out of this and give the base payment.
This is assuming 2% ($825) profit
Code:
Gross Capitalized Cost $43,000.00
Capitalized Cost Reduction - $5,750.00
Adjusted Capitalized Cost = $37,250.00
Residual Value - $29,802.00
Depreciation and any amortized amounts. = $7,448.00
Rent Charge + $3,065.62
Total of Base Monthly Payments (Depreciation + Rent Charge)=$10,513.62
Lease Term (Months) = 36
COMPONENTS OF YOUR MONTHLY PAYMENT:
Base Monthly Payment = $292.04
TOTAL MONTHLY PAYMENT: $292.04 + (any pro-rated tax)