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 2 of 18

#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@Edmunds (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@Edmunds (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@Edmunds 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@Edmunds (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@Edmunds (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@Edmunds 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)

#13 of 173 Re: Are my calculations right? [blaholdings] by kyfdx HOST

Apr 05, 2010 (9:14 pm)

Replying to: blaholdings (Apr 05, 2010 5:21 pm)
1) Manufacturer lease promotions rarely use ALG residuals. To do a proper calculation, you have to know the actual residual percentage.
 
2) The disclaimer in the ad gives you the MSRP ($20915) and the capitilized cost ($19,165.11). Now, what they don't tell you, is if the Capitalized cost is the price of the car, to which you add the $595 acquisition fee, then subtract the down payment to get the Net CAP, or if the $19,165.11 is the actual Net Cap that the lease payment is based on.
 
3) To apply the money factor, you have to add the net cap and the residual, not subtract. The amount financed is actually an average of the net cap and residual, not the depreciation.
 
To actually figure a lease payment, you need four items:
 
MSRP
Net CAP cost
Residual percentage (or actual residual)
Money factor
 
Including the lease payment as the 5th variable, you can solve for any variable, as long as the other four are known quantities.
 
In Hyundai's example, only two numbers are known quantities (MSRP and lease payment), with possibly the CAP cost as 3rd known (but, even that is shaky). We don't know the residual or the money factor.
 
So, everything else is just a guess.

Messages Page 2 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