car lease calculator

car lease calculator

Car Lease Calculator

Use this auto lease calculator to estimate what your car lease will really cost. Enter the car’s MSRP, final negotiated price, down payment, sales tax, length of the lease, new car lending rate and the car’s value after the lease ends. The calculator will estimate the capitalized cost, lease price, residual value, the depreciation and lease fees, the monthly payment without taxes and the monthly payment after the tax is applied.
car lease calculator 1

Car Lease Calculator

You can use this car lease calculator to figure out your monthly lease payment for lease terms of 24, 36, and 48 months. The calculator provides the user with a variety of information, including sales taxes due on signing, total of all payments, and the total monthly lease payment.
car lease calculator 2

Car Lease Calculator

This auto lease calculator can help estimate the monthly lease payment amount based on the auto price, down payment, interest rate, etc. Often, the dealer will negotiate the monthly payment amount with you only. The reverse car lease calculator can help you figure out the real price of the car based on the monthly payment number.
car lease calculator 3

Car Lease Calculator

While auto leasing brings the benefit of driving a good car with lower upfront cost and lower monthly payment, the real cost of leasing a car is normally more expense than buying. The “total cost to own” difference between lease and buy given by the calculator above may not be very big due to the assumption that all conditions are the same. However, in real life, conditions are normally less favorable to consumer for car leases. For example, auto lease will have some extra cost items, such as acquisition fee, security deposit, and disposition fee. In addition, the interest rate is normally higher for car leasing. Adding together, it can cost a few thousands more to lease verse buy.
car lease calculator 4

Car Lease Calculator

About Basic Lease Calculator After you have selected a vehicle and entered your ZIP Code, we pre-populate each variable field in the Financial Calculators with our estimates. These amounts are based on Edmunds.com True Market Value® prices and standard industry data, but the values that apply to your purchase or lease are likely to vary. When available, you should use the information provided to you by your dealer or lender. See Calculate Your Own Lease Payment for a complete explanation of the process. To find currently available lease offers, visit our Incentives & Rebates section.
car lease calculator 5

The term of the loan is the number of months over which the loan will be paid or the lease will exist. This car lease calculator only works with lease terms of 24, 36, and 48 months.
car lease calculator 6

When a car is returned under a lease, the dealership expects the car to be returned with “normal” wear and tear. If the car is leased for a term that is longer than the manufacturer's warranty (either in time or mileage), then you might want to pay this fee to extend the warranty until the end of the lease. Extended warranties are also included as an additional lease cost.
car lease calculator 7

The negotiated price of the automobile is also referred to as the base capitalized cost. This is the negotiated price you'd be willing to pay for the car you're leasing if you decided to buy it from the dealer. Nearly always, the base capitalized cost is less than the MSRP. This is the starting point for the lease calculations, before additional lease costs are added, and reductions are subtracted.
car lease calculator 8

You’re in need of a new car, but does buying or leasing make the most financial sense? Many go into the purchase thinking they don’t have the finances to cover the cost of a new car. In these cases, leasing may sound like the perfect fit. Leasing may also be a good option for those who are looking to drive the latest car models, but don’t want to own their car. However, taking out an auto loan to buy a new or used car can help you save a lot of money in the long run compared to leasing a car.
car lease calculator 9

Car leases use a Money Factor in place of an interest rate on a loan. In fact, if you take the money factor and multiply it by 24, then you get the effective interest rate on the lease. If you multiply the answer by 100, this will convert the result to %.
car lease calculator 10

This is the total monthly lease payment associated with the automobile. This includes payments due on the car's depreciation, financing, and sales taxes (if any).
car lease calculator 11

Calculators are provided to help you determine how a loan, line of credit or a deposit product may affect your budget. The results offered are estimates and do not guarantee available loan terms, cost savings, tax benefits, etc. Nationwide Bank does not offer a guarantee of the calculator results.
car lease calculator 12

After you have selected a vehicle and entered your ZIP Code, we pre-populate each variable field in the Financial Calculators with our estimates. These amounts are based on Edmunds.com True Market Value® prices and standard industry data, but the values that apply to your purchase or lease are likely to vary. When available, you should use the information provided to you by your dealer or lender.
car lease calculator 13

The gross capitalized costs are simply the total amount of capital, or money, which is part of the leasing agreement. This is the starting point for all lease calculations. Some of these costs are negotiated with the dealership, such as the base capitalized costs.
car lease calculator 14

If you were to add all of your payments associated with the lease, this would be the value. This value accounts for depreciation, the rent or finance charge, and sales tax.
car lease calculator 15

If you are trading in a car as part of the deal, then enter the trade-in allowance negotiated with the dealership. If you are not trading in a car, then just enter zero.
car lease calculator 16

Keep in mind that although monthly payments and interest rates will likely be higher when you purchase a new car, you have the ability to sell, donate or gift your vehicle in the future because you own it. Leasing, on the other hand, can mean lower monthly payments and interest rates. However, you won’t be investing your money on an owned vehicle. 

Published on Jul 14, 2017 | Under Car | By michael ellis
please edit your menu