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There is a big difference between a lease and loan (archive)
[ Follow Ups ] [ 3-series (E46) Message Board ] [ Msg. Board FAQ ]
Posted by Drew Childress on February 05, 2001 at 10:27:01:

In Reply to: As with a loan, it's applied to the entire amount posted by borrowed DG2 on February 04, 2001 at 23:28:17:

Leases accrue interest for the entire use period at the start. To get out early you must make all the "rent" payments remaining.

With a loan the interest is compounded daily. So if you decide to get out early you don't have to pay for interest you didn't use.

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