Have you ever wondered how to determine whether a car lease takeover is worth it at first glance? Or whether you are getting a good deal on a car lease transfer? Even if math isn’t your strong suit or you don’t have a calculator nearby, you can start with the 1% rule to get an idea of whether you should explore the lease option further. This rule does not require complex calculations of the interest rate, residual value, or value in use or such (although we recommend performing all of the calculations before making a decision), the 1% rule is simple.
Legal terms are always hard to understand, even when it comes to car lease takeover! But you’ve got swallow this painful part if you wanna take over a leased car. Otherwise, you dive into a bad contract which costs you more than a brand new car!
So to avoid the bad contract, let’s dive into it let’s learn them.
Adjusted Capitalized Cost
Adjusted capitalized cost is the cap cost minus the cap reduction (you will read about both below)
This is the figure that the leasing company will use to define your monthly payments.