How a Lease Payment Is Built: Residual, Money Factor and Excess Kilometres
This lesson is part of the course
In this lesson
You rebuild the dealer's lease quote from the residual value and the money factor, price Nadia's extra kilometres and decide with one IF whether she should buy the car or hand it back at the end.
Buy the course once for $9.99 to unlock every lesson and lab, the final exam and the certificate – lifetime access, no subscription.
Lessons in this course
- Depreciation by Age: The Value Curve and Resale at Your Holding Period Locked
- The Car Loan: Monthly Payment, Total Interest and the Amortisation Schedule Locked
- How a Lease Payment Is Built: Residual, Money Factor and Excess Kilometres Locked
- Cash, Loan or Lease? Comparing Net Cost with the Opportunity Cost of Money Locked
- Running Costs: Energy per 100 km, Insurance, Tax, Tyres and Service Locked
- Total Cost of Ownership: Three Cars per Month and per Kilometre Locked
- Break-Even Kilometres: When Does the Efficient Car Pay Off? Locked
- Capstone: Keep the Old Car or Replace It Now? Locked