Hi All.
I'm after someone in the car leasing/financing industry to give me an idea on what the "effective residual" is (after factoring in costs, interest, risk) that a leasing company might charge for a 1 year and 2 year operating lease for a car : e.g. 80K Drive Away say with say max kilometres allowance not fully maintained.
I know the differences between Finance lease, operating leases, chattel mortgages, H-P's etc. So no need for anyone to explain these things as I am a tax/accountant by trade.
I know there are published residual values for tax and accounting etc for finance leases. What I don't know is what are commercial practices in terms of the ultimate cost to the lessee of the car if it were to be an operating lease. I need this information for a client who wants to do a related party operating lease and wants to have it close to commercial rates as possible.
If someone could do a dummy quote for me that would be really helpful. I hate ringing an actual company and getting them to do a quote when I'm not after any business as I wouldn't want anyone to be wasting my time by false pretense. So hopefully someone on this forum might be able to assist if they know what I'm talking about.
cheers.