Am I calculating total spend wrong?
I'm using novatedlease.guide/calculator to compare quotes.
One thing I wasn't sure was if I was calculating my total lease cost correctly.
I'm under the impression that:
Total lease = Lease payments for duration + Residual (inc. GST)
On a 3 year lease for the above costs I am getting ($1134.92*36)+25501.05 = $66,358.17
However using the calculator, it says my total spend would be $61,327
I'm not sure what I am missing for the calculator to say my total spend is $5k less.
u/Cure64 — 1 day ago