[jsun]

I'm not sure the math works out. It mentions a weekly lease price of $780 per medallion in Chicago. Assuming 15% tax and 15% cost of insurance that comes out to $600 to the leasing company. Assuming the car costs $25,000 and has a depreciated value of $10,000 after 3 years as a fleet car, that means the weekly "cost" of the car is $113.21 (assuming a 5% financing rate), which prices the medallion at $486.79. A perpetuity of $486.79 per week at an expected 20% gross return only costs $126,566.15, less than a third of the selling price of a medallion in Chicago today. Even at a expected 10% gross return still only comes out to $253,132.20. Am I off on my math somewhere?