interest fee

interest fee

Do lease car payments include interest?

Are my lease car payments inclusive of interest?
Do lease car payments include interest?
The largest part of the lease payment is covering depreciation of the vehicle during the course of your lease. This can be calculated by dividing the total cost of the vehicle by the expected value of the vehicle at the end of your lease term.Then comes the interest payment. This is where the lease company makes their profit. You will be charged interest on the cost of the vehicle plus the expected value of the vehicle at the end of your lease.
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