Ask the Car People.SM


How to Calculate Monthly Lease Payments

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

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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 15 of 18

#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 (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 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 (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_h 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_h (Dec 30, 2012 8:19 am)
Oops -
 
Well, then... thanks for the awesome pie we had on Saturday, too!

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

Dec 30, 2012 (9:52 am)

Replying to: bluechunks (Dec 30, 2012 8:28 am)
You added $600 title/registration, and didn't mention the $2000 downpayment... (or, Edmunds calculator did...)
 
I did a straight calculation, based on the parameters you gave me...
 
Cap cost - residual = depreciation which is then divided by the lease term in months..
 
(Cap cost + residual) X money factor = monthly finance charge.
 
Monthly depreciation + monthly finance charge = lease payment.
 
Taxes vary depending on state and rate..

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

Jan 01, 2013 (7:46 am)

Replying to: bluechunks (Dec 30, 2012 8:27 am)
$2k down makes a huge difference, obviously. About $60/mo.

#143 of 173 lease expiring? by steve_ HOST

Jan 22, 2013 (9:11 pm)

A reporter would like to speak to someone who is going to be in the market for a new car in the next few months because their lease is expiring. If you fit this description, please email your daytime contact info to predmunds.com by Friday, January 25, 2013 at noon PT/3 p.m. ET.

Messages Page 15 of 18

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement