Quote:
Originally Posted by TurtleBoy
You used the wrong number when you calculated the residual. The MSRP of the vehicle is 77,395 but they also have a line for vehicle cost which is an amount after some rebates/discounts. That amount is 73,581.76.
The residual percentage is (45,609.55 / 77,395) = 59%.
You did (45,609.55 / 73,581.76) = 62%
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You are correct about the MSRP I used. I am rerunning numbers now. Interesting that my payment came out correct for the smaller number. Somehow another 4k is disappearing.