leasing
I am interested in finding out what the monthly lease should run on a 2006 Chevy Silverado 2500 4WD, allison transmission, used for pulling a camper. I have read some of your replies about the 5.25% and all that, but can you tell me about what that is in dollars?
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or tell me how to figure it.
Hi Joyce,
Your question is a little bit confusing, because most dealerships don't offer leases on used vehicles. Are you talking about a lease, or financing a purchase of this vehicle?
If you're talking about financing a purchase, the monthly dollar amount will depend on the loan's percentage rate (which you already know is a factor), and the term (in months) of the financing period. Of course if you finance for a longer period of time, the payment will be lower, but the overall finance charges you pay will be greater.
Please let us know if that's what you're asking, and we'll be happy to help.
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What I was basically trying to find out was, what the fair price would be to offer someone for the use of the above vehicle, for a month.