Any car Salesmen out there?
When leasing a new car is the amortization schedule applied to the MSRP, or negotiated price? Do different lenders follow different amortization schedules? Standard should be 20% for year one and then 10% for each following year...meaning a 3 year lease would be a residual car value of 60% of either the MSRP or negotiated price...
TIA BBI!!