client has bought a new van - cost approx £25k net of vat on a finance lease
the lease agreement (signed) shows total lease payments of only £22k net of vat
we'd normally expect the total lease payments to be inexcess of the purchase price and there to be an element of interest being paid
it seems the lease company may have messed up on the agreement, the client thinks so and doesn't want to go back to them in case they want to put it right!
question is how do we account for the shortfall in the lease payments compared to the vehicle cost?