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Thread: Anyone familiar with leasing?

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  1. #1
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    Generally if you trade in a lease early, you take the residual or the purchase price at the end of the lease and add the total of remaining payments. From this you can subtract whatever you are given as a trade in, and the result is added to or subtracted from the price of you new vehicle and this what your payments and downpayments are figured from. If your total of payments and residual are more than your trade in, then you have negative equity and are as they say "upside down" in your lease.

    albert
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    Last edited by skunkworks : 02/02/2011 at 10:14 PM

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