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How to Calculate Monthly Lease Payments

173 messages,  Last post on Apr 11, 2013 at 2:36 PM

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What is this discussion about? Car Leasing

Dissecting the Deal - How To Spot a Good Lease
 
10 Steps to Leasing a New Car
 
The "Residual Value" of Leasing
 
Calculate Your Own Lease Payment

Messages Page 14 of 18

#131 of 173 Re: First month payment [qbrozen] by brooklynaudi

Dec 20, 2012 (10:25 am)

Replying to: qbrozen (Dec 20, 2012 9:09 am)
Ok great, thanks for the help, much appreciated.

#132 of 173 Can anyone point me to an accurate lease formula? by bluechunks

Dec 29, 2012 (8:31 am)

Getting close to leasing a car, but every calculator / formula I use produces different results... so I figured I'd just ask.
 
I've tried about 5 different ones, as well as creating my own based on formulas found here, on bankrate, and one or two others.... all end up different.
 
So - if anyone can point me to a true formula, that'll really help!
 
thanks,
Andrew

#133 of 173 Re: Can anyone point me to an accurate lease formula? [bluechunks] by kyfdx@Edmunds HOST

Dec 29, 2012 (9:48 am)

Replying to: bluechunks (Dec 29, 2012 8:31 am)
It's pretty much a straight math formula... Check out Post #1 in this discussion for specifics...
 
I do it on a spreadsheet that my then 12-yr-old son made for me...

#134 of 173 Re: Can anyone point me to an accurate lease formula? [kyfdx] by bluechunks

Dec 29, 2012 (10:00 am)

Replying to: kyfdx@Edmunds (Dec 29, 2012 9:48 am)
Thanks Kirstie -
 
Well... that's the one I used just before posting!
 
FWIW that gave me a monthly (including taxes) of 356.92; Edmunds gave me a monthly including taxes of 282.51. Obviously a pretty significant difference!
 
Numbers are 29,625 msrp, 27,625 cap cost, 36 months, .6 res value, .0016.
 
I'm sure I'm messed something up... not sure what it is though!
 
thanks,
Andrew

#135 of 173 Re: Can anyone point me to an accurate lease formula? [bluechunks] by kyfdx@Edmunds HOST

Dec 29, 2012 (10:54 am)

Replying to: bluechunks (Dec 29, 2012 10:00 am)
That's $346.25, pre-tax...

#136 of 173 Re: Can anyone point me to an accurate lease formula? [kyfdx] by bluechunks

Dec 29, 2012 (1:33 pm)

Replying to: kyfdx@Edmunds (Dec 29, 2012 10:54 am)
Ok - mind giving me a hint at how you got to that number?
 
thanks
A

#137 of 173 Re: Can anyone point me to an accurate lease formula? [bluechunks] by qbrozen

Dec 29, 2012 (7:27 pm)

Replying to: bluechunks (Dec 29, 2012 10:00 am)
???
what are you entering into edmunds' calculator?
I entered what you listed above, excluded acquisition and DMV since you didn't list any, used 17775 as the residual, and assumed 7% tax. It spits out $382/mo for 36 mos.

#138 of 173 Re: Can anyone point me to an accurate lease formula? [qbrozen] by bluechunks

Dec 30, 2012 (8:27 am)

Replying to: qbrozen (Dec 29, 2012 7:27 pm)
Hi again -
">
27,625 cap cost, 36 months, .6 res value (17775 based on MSRP) (I see Edmunds doesn't provide for entering MSRP?), .0016 money factor with 2,000 down. I get $338, tax included!
 

#139 of 173 Re: Can anyone point me to an accurate lease formula? [bluechunks] by Kirstie@Edmunds HOST

Dec 30, 2012 (8:19 am)

Replying to: bluechunks (Dec 29, 2012 10:00 am)
That was kyfdx who responded rather than me, but I'm always happy to take credit for others' work.

#140 of 173 Re: Can anyone point me to an accurate lease formula? [kirstie_h] by bluechunks

Dec 30, 2012 (8:28 am)

Replying to: Kirstie@Edmunds (Dec 30, 2012 8:19 am)
Oops -
 
Well, then... thanks for the awesome pie we had on Saturday, too!

Messages Page 14 of 18

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