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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 2 of 18

#3 of 173 Re: Am I missing something Two dealers tell me this cant be true [chirostuff] by kirstie_h HOST

Jan 20, 2010 (8:48 am)

Replying to: chirostuff (Jan 19, 2010 10:32 am)
My calculations indicate that the two lower numbers you received didn't include the sales tax. You might call the lower-quoting dealers and check, but that's where I'm coming up with an extra ~$40 per month.

#4 of 173 Re: Am I missing something Two dealers tell me this cant be true [kirstie_h] by chirostuff

Jan 23, 2010 (1:14 pm)

Replying to: kirstie_h (Jan 20, 2010 8:48 am)
Thank you
kirstie h

#5 of 173 Re: How to Calculate Monthly Lease Payments [kirstie_h] by artinflorida

Feb 16, 2010 (11:27 am)

Replying to: kirstie_h (Jan 13, 2010 6:41 am)
Thanks for the help. Here is what the dealer provide me regarding Lease info on a 2009 G37 Coupe with Nav and Premium packages:
MSRP 42,975
Cap cost 39,946
Residual % 57%
39 months lease term
Nothing down
Dealer to pay off remaining lease payments of 2800.
Dealer said payments would come to 659.50 plus tax of 07%. This sound high to me as the car is a year old. Still new though. Any help, thoughts or comments>>>>

#6 of 173 Re: How to Calculate Monthly Lease Payments [artinflorida] by kirstie_h HOST

Feb 18, 2010 (12:04 pm)

Replying to: artinflorida (Feb 16, 2010 11:27 am)
The calculation doesn't seem high, but the cap cost seems high - I don't see the money factor there, but in any case, it appears that people are getting better deals on the 2009 G37 than $40K.
 
I really don't think this is your best deal. It sounds like you are currently leasing, and the lease is not yet over. How much longer do you have on that vehicle, and why get rid of it now?

#8 of 173 Re: How to Calculate Monthly Lease Payments [kirstie_h] by ppierce2

Mar 08, 2010 (11:09 am)

Replying to: kirstie_h (Feb 18, 2010 12:04 pm)
Please help calculate my payments. I live in Illinois and sales tax is based off sales price.
Honda Pilot EX-L
nothing down, taxes rolled in.
Due at signing 1st months, Doc Fee and License/Title
 
MSRP 36,155
Invoice 32814.31
Cap Cost 30,854
Residual 19,885.25
money factor .00183
Term 36 months
4wd
12,000 miles

#9 of 173 Re: How to Calculate Monthly Lease Payments [ppierce2] by jayrider

Mar 08, 2010 (2:43 pm)

Replying to: ppierce2 (Mar 08, 2010 11:09 am)
$396 based on the figures you posted. Taxes on 30854 [your rate] divide by 36 and roll into lease. In st. clair county in s.w. illinois that would add about $56 to the 396.

#10 of 173 Re: How to Calculate Monthly Lease Payments [kirstie_h] by isellhondas

Mar 13, 2010 (7:35 pm)

Replying to: kirstie_h (Jan 13, 2010 6:41 am)
Kirstie,
 
You are forgetting the Aquisition Fee that (I believe) all manufactures charge on leases. Honda charges 595.00 and that is probably typical.

#11 of 173 Re: How to Calculate Monthly Lease Payments [isellhondas] by kirstie_h HOST

Mar 15, 2010 (9:59 am)

Replying to: isellhondas (Mar 13, 2010 7:35 pm)
You're right - however, I've seen higher & lower amounts, depending on manufacturer and the deal-of-the-day. I'll try to remember to ask for follow-up if the person requesting assistance leaves out the acquisition fee!

#12 of 173 Are my calculations right? by blaholdings

Apr 05, 2010 (5:21 pm)

I was running my lease calculator on the deal Hyundai has on their new 2011 Sonata GLS. Are my calculations correct?
 
http://www.hyundaiusa.com/financial-tools/special-offers.aspx
 
Here are my numbers:
 
MSRP: 20,195
Down: 2,200
Payment: 199 (w/o tax)
Term: 36 mo
ALG Residual: 54% after 36 mo
Net Cap: 17,995 (MSRP - Down)
Residual: 10,905.30 (MSRP * ALG Res)
Financed: 7089.70 (Net Cap - Residual)
Dep. Fee: 196.94 (Financed / Term)
Fin. Fee: 2.06 (Payment - Dep. Fee)
Money Factor: 0.00007 ((Net Cap + Residual) / Fin. Fee)
Equiv. APR: 0.17% (Money Factor * 2400)

Messages Page 2 of 18

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