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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 10 of 18

#84 of 173 car lease by mefromfl

Feb 29, 2012 (3:18 pm)

yes residual is 22635
 
now they said they used a money factor of .0026
 
and they gave me a new quote with .0016 (that's what they said)
 
3919 down will be $339/month
 
that 3919 down includes doc fees, tag and 1st month payment
 
does that first money payment make a diffrence? that's confusing me
 
thanks for the reply

#85 of 173 Re: quick question on lease question [qbrozen] by mefromfl

Feb 29, 2012 (3:40 pm)

Replying to: qbrozen (Feb 29, 2012 10:15 am)
yes residual is 22636.58
 
is it better for me to pay off the dealer fees and tag fees first instead of putting all my money down as a cap reduction?
 
They are saying I can't use my rebate in the net cap cost total, i can use as a cap reduction though, isn't that same thing?
 
now they are charging me aqusation fees also since I found their numbers were wrong. Should i just walk away from them? they are puting some insurance fees etc in now without showing me the total selling price.

#86 of 173 Re: quick question on lease question [mefromfl] by qbrozen

Mar 01, 2012 (7:55 am)

Replying to: mefromfl (Feb 29, 2012 3:40 pm)
yes, walk away.

#87 of 173 Re: quick question on lease question [qbrozen] by Kirstie@Edmunds HOST

Mar 01, 2012 (9:38 am)

Replying to: qbrozen (Mar 01, 2012 7:55 am)
Totally agreed!
 
Leasing can be VERY complicated and confusing, even if everything is transparent, and especially for first-time leasers. If you are not completely sure about the deal and the dealership DO NOT lease from them.
 
Start over with another dealership. Feel free to come back here as many times as you need to and ask questions until you find a deal that you feel comfortable with. We have several members who are knowledgeable and willing to help you get the right deal - and thanks to qbrozen for helping this member!

#88 of 173 Re: quick question on lease question [mefromfl] by qbrozen

Mar 01, 2012 (11:00 am)

Replying to: mefromfl (Feb 29, 2012 3:40 pm)
exactly as kirstie said... its complicated. And, unfortunately, some dealers use that to their advantage and try to make it even more complicated and confusing so they can milk you for more money. Don't let them do it to you!

#89 of 173 Re: quick question on lease question [kirstie_h] by jsl1949

Mar 10, 2012 (5:17 pm)

Replying to: Kirstie@Edmunds (Mar 01, 2012 9:38 am)
Just leased 2012 CTS Premium MSRP $49,165, total drive off $1500, 39 months, 12k, $525 including tax. Used Costco buying service. No hassle. Los Angeles.

#90 of 173 Re: quick question on lease question [qbrozen] by pknopp

Mar 10, 2012 (8:07 pm)

Replying to: qbrozen (Mar 01, 2012 11:00 am)
The problem with leasing is getting the information one needs to compare leases. It's easy to find what your interest rate will be. It's not so easy to get the money factor or residual in a lease.
  
 You ask the dealer what the money factor is and they look at you like you've asked them something offensive.

#91 of 173 Question on Honda CRV by nyrgoal99

Mar 20, 2012 (5:25 pm)

I dont think this is a good deal but I want some advice
 
MSRP:$26,455
Discounted to:$25,081
Tax Included: $12,23
 
Payment options
 
371 x 36 months, 0 Down
171.31 x 36 months, $6446.17 down
 
12K miles
Residual $17460
4.8% financing on lease
 
My feeling is that the 4.8% is high, and I dont understand the tax. 1,200 seems really high, plus I have a vehicle worth 9-10K to trade in that I do not think they factored in.
 
Thoughts? What should I be getting this car for?

#92 of 173 Lease question by car_dude24

Mar 21, 2012 (8:10 am)

Hi all,
 
I am looking to lease a 2012 lexus or audi and would like your opinions. A friend of mine just got a lexus ES 350 touring edition (MSRP 40275) for 7000$ down and 300/month. Is that a good deal? This is in New jersey. While I am currently leaning towards the lexus I want to know if the above is a good deal and if I should try to get the same.
 
What are your thoughts?
 
Thank you for your help.

#93 of 173 Re: Question on Honda CRV [nyrgoal99] by Kirstie@Edmunds HOST

Mar 21, 2012 (8:14 am)

Replying to: nyrgoal99 (Mar 20, 2012 5:25 pm)
Since your question is about a specific vehicle, you're better off posting in our Honda CR-V Lease Questions discussion. That's where you'll see other members posting their deals on CR-V leases.

Messages Page 10 of 18

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