• 5362 Highway 7 East
  • Markham, Ontario,
  • L3P 1B9

5362 Highway 7 East Markham, Ontario, L3P 1B9

Markville Toyota
5362 Highway 7 East Markham, Ontario

Platinum Plus Rewards Program

In the lease formula it looks like I’m paying interest on the sum of cap cost and residual?

In a loan you pay interest on the total amount financed or lease. So you will pay interest on the total amount of the lease not the difference between the amount financed and the residual value. This is the same basic premise as a loan or mortgage.

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