Auto Lease Payments?

Question

I use to have the formula to calculate the monthly payment for an auto lease. Do you have the formula or the web site that has it?

Answer 1

(Cap cost + residual value) x money factor = lease charge
(Cap cost - residual value) / term = monthly depreciation
lease charge + monthly depreciation = lease payment

Easy...It won't do you any good unless you have all of the figures from the leasing company or dealer.

Answer 2

Here's a good one.

http://www.bankrate.com/brm/cgi-bin/lease.asp

The tricky part is going to be predicting the projected value at the end of the lease. Cars that hold their value better tend to be cheaper to lease. For example, a Mercedes that sells for the same price as a Cadillac will normally be MUCH cheper to lease than the Caddy will be since Mercedes holds its value much better than Cadillac does.

Answer 3

Jay hit it on the head......the hard part will be getting the # to fill in everything.........always negotiate the best price first....don;t get trapped into the "what amount of payments were you hoping for"..........ask for the amounts to check on it yourself......for the factor take the interest rate that they give you and divide it by 24 to get the "factor"......good luck......or just come see me and I will be glad to help you.......'you were hoping for what amount of payments?"...........