Quote:
Originally Posted by Haris
Thanks!
There is clean way to handle this scenario: calculate the residual value manually and put the dollar amount in the residual value field as opposed to residual %.
For example:
MSRP: 50,000
Selling Price: $46,000
Residual: 60% ($30,000)
Performance Exhaust Cost: $1335
Performance Exhaust Residual: $250
For above scenario, put the following values in Leasematic:
MSRP: 51,335
Selling Price: 47,335
Resdiual: $30,250 (instead of putting %)
This is will give you accurate calculations. MSRP in this case won't be used in calculation but you can leave it there for display purpose.
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Correction: I thought $250 is the "residual value" for the exhaust which is not correct. It is the "MSRP adder" (residualizable value, like you said).
This is even easier to handle: Add $250 to your original MSRP. Add $1335 to your Selling Price.
Using above example, it will become:
MSRP: $50,250.
Selling Price: $47,335
Residual: 60% (leave it as % - no need to put dollar amount).
I ran this imaginary deal in Leasematic and did a comparison. Total cost of lease went up by $1367!