Hey guys i’m here asking about my current 2023 Ram 1500 That’s leased fusion auto finance through teachers credit union. So i still have 28 months left but ive gotten a good deal on another car with cheaper payments. So i asked for a dealer payoff they said it was $48,800 after the 10 ten day payoff expired it went up to $49,100. And now even after i made my monthly payment ($555.8) it only went down to $49,050. Can anyone help as i am soooo confused on how that’s even possible.
That $355 of your payment is interest aka Rent?
They don’t forgive interest payments.
Check your docs to see what the rent portion of your contract is.
Can’t answer why payoff went up $300 unless the 1st payoff was missing disposition
The rent charge per month is $243. 
i’m really confused right now to be honest.
Rent charge isn’t the same each month. It’s higher in the early months of the lease (like when you have 28 months left) and lower in the later months of the lease.
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