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Well not exactly making money, but more of getting money back to make your overall loss significantly less vs returning the vehicle straight to the dealer after a lease ends.
For example:
Rav 4 lease: $319/month for 36 months, $0 down.
Capitalized Cost: $24,700
Total Payments: $11,484
Therefore Residual= $13,216?
If a well maintained 3year old Rav4 is selling for $16,000+ from private party (not trade-in/dealer), that is a $4,516 profit (16k - $11,484 total amt paid for lease).
So subtract $11,484 from $4,516 profit = net $7,000 (rounded) actual paid over the 36 months lease, equaling $195-$200/mos for a brand new car. Not bad deal? Am I calculating something wrong here?
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