I really should know this from high school so I'm a bit ashamed to ask... :) I've been offered several cars for lease and want to compare the offered interest rates.
E.g. I have:
Car: Ford Fiesta 1.0T Lease period: 36 months Price: 156619 SEK Residual value: 37589 SEK (30%) Monthly payment: 3159 SEK
What's the formula to calculate the interest rate I'm being offered here?