03-26-2015, 04:05 PM
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#7 (permalink)
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Enthusiast Member
Join Date: Aug 2014
Location: Canada's Wet Coast
Posts: 480
Drives: '13 PW/Frost/Spt/AT
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Quote:
Originally Posted by Scott@Synergy
I don't think so. I've done a lease before with it all paid up front. I saved money since there was no interest for the 36 months only. The next guy buying the car or you buying out the loan should pay whats owed after the lease has ended.
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You might just be right about that Scott. I last leased a car in 1992 so I think it's real safe to say I'm not up to speed with how leases are handled. Regardless of how the interest and payments are calculated and when they are paid, there's interest to be paid on the residual amount. The only way I can see getting around it might be if you give the car back to the dealer at the end of the lease and the interest was built into the residual amount and not paid up front. I'm not sure.
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