392 Lease Deal?

[mllcb42]

It depends on what your goal is. If you just want a lower payment for 3 or 4 years, then a high residual is great.

Having said that if you look at what I said - I said I was surprised as CCAP actually had a higher residual and MF. You made me go back and look:

• US Bank - MF 0.00035, 59% residual
• CCAP was in fact higher at at 60% residual and MF .00195

Try and tell me that wouldn't surprise you, it surprised me based on what I've seen historically

Agreed that they're usually better if your only concern is lower monthly payment. The 3rd party buyouts are what kill it for me though, as you're still killing the ability to capture lease end values. You do need to be sure you're looking at the optimal time period for the lease as well... ccap tends to have one lease period that's significantly better than others (as an example, on the 4xe, it actually costs more total to do a 24 month lease than a 36 month lease. Not just more per month, but a greater net cost.) On the 392, 48 months is much better lease option for ccap.

With that said, yes, I'm surprised to see those numbers from usbank. That is not their normal MO.

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