Rule of 2 & 3 for leasing I find the easiest way to quote a monthly lease cost while with a prospect is what I call “the rule of two and three”. This works for quoting 36 and 60 month terms in your head. Round up the purchase price, thus if the purchase is $8,800 round up to 9,000 and multiply by 3 and drop the last two zeros. Lease price would be $270. Use that same method for 60 months, but replace the 3 with a two. I use will use the word “around” $270 and then use a calculator for figuring the exact monthly cost.
Anyone else have any tips?