Also the way leasing works is basically you’re renting the car from the bank. The residual value is what the project the value will be in 3 years. The closer you get the sale or negotiatied amount to the residual the lower your payment will be. Then there is the money factor which is a fancy word for APR. The lower it is the better that depends on banks and your credit score. Little changes in that number can effect the payment greatly. One thing everyone is saying is don’t put money down bc if you loose your car bc its totalled you’re out of a vehicle and you have lost all that money.
