A car owner/lessee wants to find someone to take over her car lease. She paid $2,300 down payment initially, the monthly payment is about $480 plus tax, there are still 18 months left and the buyback amount is $18,800 at the maturity of the lease contract. I checked the current used car value and found it is at around $26,000 and I am considering to take over it if it is a deal.
Not sure this calculation makes sense:
Total amount I would pay if I eventually buy the car: 480 * 18 + 18800 = 27440
Price difference comparing with buying a used car now: 27440 - 26000 = 1440
So should I receive a minimum amount of $1440 to break even?
The car owner said she has bought wear and tear insurance and also would give me the winter tire as a bonus. I don't really count that as much value, is that right?
Really, how much I pay or receive from her would be reasonable?