Striper Talk Striped Bass Fishing, Surfcasting, Boating - View Single Post - Need Your Advice: Thinking of Getting A New Sand Sled/Fishwagon

fishweewee · 04-20-2004, 05:23 PM

Thanks John, I'll look closer into the economics of lease vs. buy.

BTW, you can back out the lease rate from the monthly payment if you have a financial calculator, as long as you know the residual value (which obviously he has to disclosed by law), the term of the lease, and the capital cost reductions (down payment).

I've pissed off more than one sales manager by nitpicking the numbers.

-B

04-20-2004, 05:23 PM	#3
fishweewee Registered User iTrader: (0) Join Date: Oct 2001 Location: . Posts: 5,935	Thanks John, I'll look closer into the economics of lease vs. buy. BTW, you can back out the lease rate from the monthly payment if you have a financial calculator, as long as you know the residual value (which obviously he has to disclosed by law), the term of the lease, and the capital cost reductions (down payment). I've pissed off more than one sales manager by nitpicking the numbers. -B