End of lease purchase price

[JSolo]

^^So the bank/dealer still makes the same $$$, just tacked on up front (monthly payments) or in the end (residual)? I suppose in normal times he'd lose out, but now he's pocketing over $9K.

Of course, getting shafted is unavoidable. He'll get that when he goes for the replacement vehicle.

 

[JSolo]

My friend has run into another problem. New car pickings are slim. Told him to look at other brands. For the mileage he drives (8K over the last 3 years), it makes little sense to piss away a $700 monthly payment on something fancy that will just sit.