Big X5er looking closer at the final number you came up with of $31,800.00 earlier. I wanted to break it down. In Florida we only pay tax on the depreciated amount. so I would only pay interest on the residual amount and NO interest on the prepaid depreciated amount, therefore if I understand correctly the residual being:

$38,843.75 x 0.0408 (4.08% interest)= $1584.83 (residual interest)

$25,303.00 (depreciation + Tax) + $1584.83 = $26,887.83 (total prepay)

Just wondering where you came up with the $31,800.00 figure. Thx

Dok