|
|
|
|
|
|
|
| New Vehicle
Lease Scenario |
|
Notes |
|
|
| 1.
Residual Value |
|
|
|
|
|
| $
53,885.00 |
MSRP |
|
|
2016 GMC Yukon 4WD SLE |
|
|
| 57% |
Residual % |
|
|
|
|
|
| $
30,714.45 |
Residual Value |
|
|
|
|
| 2.
Capital Cost |
|
|
|
|
|
|
| $
51,368.00 |
Base capitalized cost |
|
|
|
| $ - |
Adjustment |
|
|
|
|
|
| $
595.00 |
Lessor fee |
|
|
|
|
|
| $
51,963.00 |
Sub total |
|
|
|
|
|
| $
2,000.00 |
Cap cost reduction |
|
Factory rebate applicable to lease offer |
|
|
| $
49,963.00 |
Net capital cost |
|
|
|
|
| 3.
Monthly Depreciation Charge |
|
|
|
|
| $
19,248.55 |
Depreciation |
|
|
|
|
| 39 |
Term |
|
|
|
|
|
| $
493.55 |
Monthly depreciation charge |
|
|
|
| 4.
Base Monthly Lease Charge |
|
|
|
|
| $
80,677.45 |
Lease charge base |
|
|
|
|
| 0.00150 |
Bank factor |
|
|
|
|
|
| $
121.02 |
Base monthly lease charge |
|
|
|
| 5.
Monthly Lease Payment |
|
|
|
|
|
| $
614.57 |
Plus applicable taxes |
|
|
|
|
|
|
|
|
|
|
| Used Vehicle
Lease Scenario |
|
Notes |
|
|
| 1.
Residual Value |
|
|
|
|
|
| na |
MSRP |
|
|
|
|
|
| na |
Residual % |
|
|
|
|
|
| $
22,500.00 |
Residual Value |
|
Based on lowest 2010 equivalent on
Autotrader.com less $2500 |
| 2.
Capital Cost |
|
|
|
|
|
|
| $
34,714.45 |
Base capitalized cost |
$4000 above new residual (recon, certification,
gross profit) |
|
| $ - |
Adjustment |
|
|
|
|
|
| $
595.00 |
Lessor fee |
|
|
|
|
|
| $
35,309.45 |
Sub total |
|
|
|
|
|
| $ - |
Cap cost reduction |
|
|
|
|
| $
35,309.45 |
Net capital cost |
|
|
|
|
| 3.
Monthly Depreciation Charge |
|
|
|
|
| $
12,809.45 |
Depreciation |
|
|
|
|
| 39 |
Term |
|
|
|
|
|
| $
328.45 |
Monthly depreciation charge |
|
|
|
| 4.
Base Monthly Lease Charge |
|
|
|
|
| $
57,809.45 |
Lease charge base |
|
|
|
|
| 0.0017 |
Bank factor |
4.00 |
percent |
|
|
|
| $ 96.35 |
Base monthly lease charge |
|
|
|
| 5.
Monthly Lease Payment |
|
|
|
|
|
| $
424.80 |
Plus applicable taxes |
|
|
|
|
|
|
|
|
|
|
| $
189.77 |
Less than new lease option monthly |
|
|
| $
7,401.12 |
Less than new lease option over lease term |
|
|
