|
|
|
|
|
|
|
|
| New
Vehicle Lease Scenario |
Notes |
|
|
|
| 1.
Residual Value |
|
|
|
|
|
|
| $
48,050.00 |
MSRP |
|
|
2016 GMC Sierra Crew Cab 4WD SLE |
|
|
|
| 60% |
Residual % |
|
|
|
|
|
| $
28,830.00 |
Residual Value |
|
|
|
|
|
| 2.
Capital Cost |
|
|
|
|
|
|
|
| $
45,773.00 |
Base capitalized cost |
|
|
|
|
| $ - |
Adjustment |
|
|
|
|
|
| $
595.00 |
Lessor fee |
|
|
|
|
|
| $
46,368.00 |
Sub total |
|
|
|
|
|
|
| $ - |
Cap cost reduction |
|
|
|
|
| $
46,368.00 |
Net capital cost |
|
|
|
|
|
| 3.
Monthly Depreciation Charge |
|
|
|
|
|
| $
17,538.00 |
Depreciation |
|
|
|
|
|
| 39 |
Term |
|
|
|
|
|
|
| $
449.69 |
Monthly depreciation
charge |
|
|
|
| 4.
Base Monthly Lease Charge |
|
|
|
|
|
| $
75,198.00 |
Lease charge base |
|
|
|
|
| 0.00085 |
Bank factor |
|
|
|
|
|
| $
63.92 |
Base monthly lease charge |
|
|
|
| 5.
Monthly Lease Payment |
|
|
|
|
|
| $
513.61 |
Plus applicable taxes |
|
|
|
|
|
|
|
|
|
|
|
|
| Used
Vehicle Lease Scenario |
Notes |
|
|
|
| 1.
Residual Value |
|
|
|
|
|
|
| na |
MSRP |
|
|
|
|
|
|
| na |
Residual % |
|
|
|
|
|
| $
20,500.00 |
Residual Value |
|
Based on lowest 2010
equivalent on Autotrader.com less $2500 |
| 2.
Capital Cost |
|
|
|
|
|
|
|
| $
32,830.00 |
Base capitalized cost |
$4000 above new residual
(recon, certification, gross profit) |
|
| $ - |
Adjustment |
|
|
|
|
|
| $
595.00 |
Lessor fee |
|
|
|
|
|
| $
33,425.00 |
Sub total |
|
|
|
|
|
|
| $ - |
Cap cost reduction |
|
|
|
|
| $
33,425.00 |
Net capital cost |
|
|
|
|
|
| 3.
Monthly Depreciation Charge |
|
|
|
|
|
| $
12,925.00 |
Depreciation |
|
|
|
|
|
| 39 |
Term |
|
|
|
|
|
|
| $
331.41 |
Monthly depreciation
charge |
|
|
|
| 4.
Base Monthly Lease Charge |
|
|
|
|
|
| $
53,925.00 |
Lease charge base |
|
|
|
|
| 0.0017 |
Bank factor |
4.00 |
percent |
|
|
|
| $
89.88 |
Base monthly lease charge |
|
|
|
| 5.
Monthly Lease Payment |
|
|
|
|
|
| $
421.29 |
Plus applicable taxes |
|
|
|
|
|
|
|
|
|
|
|
|
| $
92.33 |
Less than new lease
option monthly |
|
|
|
| $
3,600.69 |
Less than new lease
option over lease term |
|
|
|
