HOW DO I CALCULATE
A MONTHLY LEASE PAYMENT ?
THERE IS A CALCULATOR
THAT COMPUTES THE MONTHLY
PAYMENTS FOR THE FOLLOWING:
- LEASING
- FINANCING
- LOW A.P.R. FINANCING
- COMPARE CASH VS. FINANCE
- COMPARE BUY VS. LEASE
- COMPARE FINANCE VS. LEASE
- A REVERSE LEASING CALCULATOR DETERMINES THE SELLING PRICE FROM THE MONTHLY LEASE PAYMENT
- A 2ND REVERSE LEASING CALCULATOR DETERMINES THE INTEREST RATE BEING CHARGED ON THE LEASE FROM THE MONTHLY PAYMENT
COMPUTING A
LEASE BY HAND
A LEASE IS MADE UP OF TWO ITEMS
DEPRECIATION AND INTEREST
DEPRECIATION EQUALS:
THE NEGOTIATED SELLING PRICE
LESS ALL APPLICABLE REBATES
LESS ALL DEALER CASH REBATES
MINUS THE RESIDUAL VALUE
DIVIDE BY THE NUMBER OF MONTHS
OF THE LEASE. THIS EQUAL YOUR
MONTHLY DEPRECIATION
INTEREST EQUALS:
THE NEGOTIATED SELLING PRICE
LESS ALL REBATES
LESS ALL DEALER REBATES
PLUS THE RESIDUAL VALUE
MULTIPLIED BY THE MONEY FACTOR
THE RESULT IS THEN DIVIDE BY
THE NUMBER OF MONTHS
OF THE LEASE. THIS EQUAL YOUR
MONTHLY INTEREST
NOW ADD THE
MONTHLY DEPRECIATION
TO THE MONTHLY INTEREST.
THIS EQUALS THE TOTAL
MONTHLY LEASE PAYMENT
PLUS TAX, MV ETC.
