One financier gave below lease calculation but not saying what is the interest rate considered and how he derived salvage value and lease rental per month and what depreciation rate he considered.
This is DEMO car and hence, we cannot get any income against this car. How can we calculate interest rate he charged, how he got given salvage value, what depreciation her considered and how he derived the lease rental per month
| a | Tenure (months) | 24 |
| b | Base cost | 803598 |
| c | GST ( @ 31% as given in i row) | 249115 |
| d | Exshowroom (b+c) | 1052713 |
| e | 1st Insurance | 38225 |
| f | RTO | 154550 |
| g | TCS | 7895 |
| h | Funding Amount (d+e+f+g) | 1253383 |
| i | GST | 31% |
| j | Residual Value (RV) | 315814 |
| k | Lease Rentals (per month) | 36541 |
| l | GST | 11328 |
| m | Lease Rentals (per month) (k+l) | 47869 |
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