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Leasing Info

Leasing Math - An Example

Let's say you lease a vehicle valued at $25,000. Over the course of the lease term (for this example, we'll use a common three-year lease term), let's say the vehicle depreciates in value to $12,500. This depreciated value is called the vehicle's residual value. When you lease this vehicle, you pay monthly payments on the residual value of $12,500 instead of $25,000.

Additionally, you're charged sales tax on the amount of the monthly payments only. Finally, you pay interest on the residual amount of $12,500 and interest and depreciation on the remaining $12,500.
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The rumored trade of Cole Hamels to somewhere for something has gotten back to Phillies general manager Ruben Amaro Jr. In short: It's not happening. Amaro envisions Hamels bouncing back from a disappointing season and being a top-of-the-rotation twin with Cliff Lee next year.