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Can someone please comment on the following lease deal:
Selling price $28,180 (10 series FRS) MT
36 month/ 12K/yr
Money factor 0.00180
L.E.V.% 66.18%
Lease End Value $18,649.00
Tax 860.67
Total Add Cap Costs $1,168.00
Cash Cap Reduction $574.59
Cap Reduct Tax 6.25% $35.91
Adjusted Cap Cost 28,773.41
Base Monthly Rental $366.59
Amt due at start $1,000
Total Monthly Payment $389.50
Total Working Cash $1,000
I can't make sense of this deal.
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