Re: Good price for an A4Q?

[four.rings@MCIONE.com]

Osman Parvez wrote:

> Beware about calculating the lease cost per month. I may be completely
> wrong, but it was explained to me like this: The bank/lein holder is gonna
> charge you interest not only on the amount of the car you use, but on the
> residual as well. Say that the residual at the end of your lease is
> calculated to be $20K on that $34K Audi. So your payments are based on the
> $14K that you are "using up", the taxes on that $14K, the taxes on any
> rebates (if you are in NY state), and the interest on BOTH the $14K and the
> $20K.  After all, you are driving around in the entire $34K  of the bank's
> money.

Osman, thank you for this very interesting inside info.

-- 
Igor Kessel
'89 200TQ -- 18psi (TAP)
'98 A4TQ -- FINALLY!
Philadelphia, PA
USA