Mr. Mach-E
Well-Known Member
- First Name
- Hey
- Joined
- Jan 23, 2021
- Threads
- 10
- Messages
- 51
- Reaction score
- 24
- Location
- Missouri
- Vehicles
- F150
- Occupation
- re-tired
- Thread starter
- #1
Have never leased before. How does the APR of 2.25% get calculated on the amount owed each month? The monthly payment changes based upon annual mileage as I would expect. But how does the amoritization work since it is both the outstanding balance and the value of the vehicle at the end of the 36 or 48 months that impacts interest paid.
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