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Reply to "How much does it cost to lease a minivan?"
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[quote=Anonymous]When you lease, you are basically paying for the depreciation. The leasee estimates, for example, the car will be worth 66.6 % of MSRP in two years, and it is a 30000 car, you will be payining 10K + the interest on 30K (minus what you paid in payments) (the latter is called the money factor; for simplicity sake, lets assume the MF is 0; if your credit is good, it will not changed things that much). So, we are at 10K over 24 months; that is just under 400/month. With the money factor, probably be about 420/month. This is assuming you paid tax taxes and fees up front. Now, the way you can reduce the payment is to pay some up front. If you put $5000 capital cost reduction, you will be financing 5000/ and the cost will be about 220/month. On the other hand, if you buy the car and borrow against it, and sell in two years, you will be paying nearly the same amount. [/quote]
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