Good Lease Value Calculation Clarification
Discussion
Hello
New here so excuse what may be an obvious question.
I've read the various guides on here which essentially lead to the fact that a total lease cost vs purchase price of vehicle that is around the 20% mark represents a decent deal.
This seems to be benchmarked/based on a 24 month lease with 10000 miles per annum
My question is, if I am looking at a 36 month lease do I simply look at the total of the lease payments (inc any initial) over 24 months or should I simply be looking what that actual deal would be if I took it solely on a 24 month term.
Wondering what is the best way as usually I see that the monthly cost is cheaper over 36 months (so could give a distortive cost if simply multiplying that by 24)
Hope this makes sense and someone can advise
New here so excuse what may be an obvious question.
I've read the various guides on here which essentially lead to the fact that a total lease cost vs purchase price of vehicle that is around the 20% mark represents a decent deal.
This seems to be benchmarked/based on a 24 month lease with 10000 miles per annum
My question is, if I am looking at a 36 month lease do I simply look at the total of the lease payments (inc any initial) over 24 months or should I simply be looking what that actual deal would be if I took it solely on a 24 month term.
Wondering what is the best way as usually I see that the monthly cost is cheaper over 36 months (so could give a distortive cost if simply multiplying that by 24)
Hope this makes sense and someone can advise
Gassing Station | Car Buying | Top of Page | What's New | My Stuff