Car Lease Calculator – rpmGo.com

There are a lot of factors that influence the rates you pay on your car lease. And considering the fact that the lease payment formula is not usually revealed to the clients, you should still have an idea of the way you can calculate your car lease payments. Moreover, no details are listed on your contract and the federal regulations don’t require the disclosure of this information.

By calculating your car lease payments you will be able to verify the math used on your car lease contract and detect any possible inconsistencies. The lack of knowledge in the matter is usually the reason why many people pay more expensive rates than they should. That happens because, for example you won’t be able to make sure that the dealer will consider the negotiated price you established or if the value of your trade-in car was taken into account. Moreover, you will be able to keep under control the fees or extra charges the lease dealer might add and also make sure the interest rate is the one you would expect.

Calculating Car Lease Payments

First of all, you should know the residual value which is usually a number expressed in percentages and multiply it by the car’s MSRP (Manufacturer’s Suggested Retail Price). The negotiated price will be used only at the next step which implies subtracting the residual value from the purchase price you negotiated with the dealer without taking into consideration the down payment. The result of this operation reflects the amount of depreciation the car will suffer during the lease period you agree upon.

The next step in calculating your car lease payments involves dividing the total depreciation amount by the number of months that form the term of the lease. You should know that the result will represent the first half of the monthly payment you will be obliged by contract to cover. This amount represents the money you will have to pay in order to cover the car’s depreciation while you lease it.

The fourth step involves the money factor that it’s given by the lease dealer. It is usually expressed as a decimal and it’s the same with the interest rate. So, as long as it’s low, the payment will be affordable. You should add the car’s negotiated price tag (minus the down payment) to the residual value of the leased car and then multiply it by the money factor. This result will represent the second half of the monthly payment on your car lease. The final step involves a simple add between the depreciation amount computed in a previous step and the result provided by the fourth step.

But you should keep in mind that the value computed doesn’t include sales tax. That sales tax is mandatory in many states and will increase the value of your monthly car lease payments. In order to take that into account as well you should apply the percentage of sales tax required by the state you lease the car from and add it to the monthly payment you computed in the fifth step. So, take into consideration this extra expense before facing the dealer.

So, after deciding the term of the lease and the annual mileage that will stated in the contract and influence the monthly payments you should take the time and do the math, just to be sure. There’s also the possibility to use a lease payment calculator that you can find online, but you will still have to know the some basic information in order to understand the data required from you and the significance of the results.

Post tags: Tags: Calculating Car Lease Payments, car lease, Car Lease Calculator

Leasing is the best mode we can buy a car. It is cheaper and faster than a bank loan and is perfectly designed for car buying. A car lease calculator is a financial tool that helps lease customers to calculate their own monthly payments by themselves in front of the computer before they ask the lease consultant to aid them in filling all the forms.

The car lease calculator, beside helping you calculate the monthly payments, also helps you calculate the overall lease costs. It is very important that the user of this calculator to know the basic factors of their lease deal for the car they intend to buy. The car lease calculator helps you discover the hidden fees from the back of a lease contract and also check car dealer figures.

Car Lease Calculator

In few simple steps in which you have to fill some fields, the car lease calculator will analyze your fillings and will provide you an instant answer for your calculation.

First step requires to you to fill the manufacturer suggested retail price, without including in the price the dealer fees, taxes and car options like paint sealant or fabric protectant, but you can include in the price the window stickers for your vehicle.

Next step is filling the base capitalized cost. This cost is the price you and the car dealer negotiated. In this price you don’t have to include any other fees or costs because are some other fields that will require for these costs.

Third step is filling the costs added or included to lease, for example bank fee, insurance, warranty or tax for luxury cars. In this field do not include any money that you will pay cash for any fee or tax.

The firth step you purchase for calculating the monthly payment of your lease is filling the values of the payments you made upfront, like down payment or a rebate from the manufacturer. After that the calculator is computing the net capitalized cost of the car. This cost is the cost from where were removed all the money you paid upfront and all other fees and taxes you entered in the previous steps fields.

The sixth step is the filling of the residual value, which can be a value or a percentage, depends on the lease company you use. The seventh step is a little bit delicate because you will have to ask your lease agent. In this step you have to fill the money factor or the interest rate of the leasing company.

Next you have to fill the term of your lease in months that usually are 24, 36 or 48. It is very important that the lease contract to be shorter in time then the warranty given by the car manufacturer.

And the final step is filling the sales tax accordingly to the state, county or city you live in. and by pressing next step you will have everything calculated and established a monthly payment according to the dates you field in along the steps we talked about. You can also print this report and show to the leasing company that you already know everything about your leasing.

Post tags: Tags: calculate car lease, car lease, Car Lease Calculator

Leasing is the best mode we can buy a car. It is cheaper and faster than a bank loan and is perfectly designed for car buying. A car lease calculator is a financial tool that helps lease customers to calculate their own monthly payments by themselves in front of the computer before they ask the lease consultant to aid them in filling all the forms.

The car lease calculator is helping you calculate the monthly payments and also helps you calculate the overall lease costs. It is very important that the user of this calculator to know the basic factors of their lease deal for the car they intend to buy. The car lease calculator helps you discover the hidden fees from the back of a lease contract and also check car dealer figures.

Car Lease Calculator

In few simple steps in which you have to fill some fields, the car lease calculator will analyze your fillings and will provide you an instant answer for your calculation.

First step requires to you to fill the manufacturer suggested retail price, without including in the price the dealer fees, taxes and car options like paint sealant or fabric protectant, but you can include in the price the window stickers for your vehicle.

Next step is filling the base capitalized cost. This cost is the price you and the car dealer negotiated. In this price you don’t have to include any other fees or costs because are some other fields that will require for these costs.

Third step is filling the costs added or included to lease, for example bank fee, insurance, warranty or tax for luxury cars. In this field do not include any money that you will pay cash for any fee or tax.

The firth step you purchase for calculating the monthly payment of your lease is filling the values of the payments you made upfront, like down payment or a rebate from the manufacturer. After that the calculator is computing the net capitalized cost of the car. This cost is the cost from where were removed all the money you paid upfront and all other fees and taxes you entered in the previous steps fields.

The sixth step is the filling of the residual value, which can be a value or a percentage, depends on the lease company you use. The seventh step is a little bit delicate because you will have to ask your lease agent. In this step you have to fill the money factor or the interest rate of the leasing company.

Next you have to fill the term of your lease in months that usually are 24, 36 or 48. It is very important that the lease contract to be shorter in time then the warranty given by the car manufacturer.

And the final step is filling the sales tax accordingly to the state, county or city you live in. and by pressing next step you will have everything calculated and established a monthly payment according to the dates you field in along the steps we talked about. You can also print this report and show to the leasing company that you already know everything about your leasing.

Post tags: Tags: car lease, Car Lease Calculator, leasing a car