Can someone explain the rule and how you calculate?
Do I take the total cost of the loan over the 3 years and divide by the payments (36)? Do I include tax in my calculations?
Forget you ever read about the 1% rule.
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For the love of God can we remove that from the 101?
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Here we go again 
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To be clear, none of this is directed at you. The 101 article really needs to be edited to remove this reference, which is a real disservice to anyone trying to learn about leasing.
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There is no consensus on what it is. Likewise, it’s a made up internet rule that means nothing.
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