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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

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

Mar 10, 2012 (5:17 pm)

Replying to: kirstie_h (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_h 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.

#94 of 173 Re: Lease question [car_dude24] by kirstie_h HOST

Mar 21, 2012 (8:19 am)

Replying to: car_dude24 (Mar 21, 2012 8:10 am)
This topic is more for questions about how the lease deal is calculated. For specific vehicles, we have "lease questions" discussions for each make/model where you can ask about pricing, etc., for a particular model.
 
Here's the Lexus ES lease discussion:
http://townhall-talk.edmunds.com/direct/view/.f0cb415/2724#MSG2724
 
One tip - putting $7,000 down on a lease is NOT a good idea.

#95 of 173 Re: Lease question [kirstie_h] by car_dude24

Mar 21, 2012 (8:41 am)

Replying to: kirstie_h (Mar 21, 2012 8:19 am)
Thank you. I have moved it to the Lexus forum. Just out of curiosity though - what is the downside of the high down payment? Is there a difference between high downpayment + low monthly vs low (or 0) down + high monthly? The net amount will be the same right? Or is there something I am missing here?

#96 of 173 Re: Lease question [car_dude24] by kirstie_h HOST

Mar 21, 2012 (8:47 am)

Replying to: car_dude24 (Mar 21, 2012 8:41 am)
The high downpayment only reduces your monthly lease payment. Why do you want them to have your money instead of YOU having your money for that time, with the potential to earn interest off of it?
 
But here's the big risk: if your car were to be totaled, your insurance would pay off the finance company. They would not, however, return your $7,000 downpayment to you. You would then have no car and no $7,000 for downpayment on a new car. That money is just GONE.

#97 of 173 Re: Lease question [kirstie_h] by car_dude24

Mar 21, 2012 (9:39 am)

Replying to: kirstie_h (Mar 21, 2012 8:47 am)
That makes sense. Thanks. Definitely something I will keep in mind. I did think about the potential interest that could be earned but thought that with the rates so low such savings would be negligible. I thought in the deal above the low monthly was sweet enough to offset the high down.
 
The totaled factor is something I did not consider. That is a huge amount to lose in the worst case scenario.
 
One last question on this - the dealers who offer 0 down - how do they charge for the bank fee, acquisition fee, taxes etc. Is it all added to the monthly payments?

#98 of 173 Re: Lease question [car_dude24] by kirstie_h HOST

Mar 21, 2012 (9:46 am)

Replying to: car_dude24 (Mar 21, 2012 9:39 am)
I'll let someone else answer, as I'm not a leasing expert at all. I'm sure we have members around here who... know things.

Messages Page 10 of 18

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