- Calculates an auto lease and provides analysis for depreciation and finance fees.- Price: MSRP of automobile.Lease
- Capital Cost: Negotiated price paid.
- Fees: Amount of fees to be included in total cost.
- Points%: Percentage of Cap Cost to be included in total cost.
- Reduction: Amount paid to reduce total cost.
- Residual: Amount or percentage (as indicated by Residual Type) of vehicle residual value at end of lease term.
- Residual Type: Whether Residual is entered as a percentage or an amount.- Interest/Yr%: annual interest rate expressed as a percentage. Enter to calculate Money Factor.
- Money Factor: Money factor used in determining finance fee. Enter to calculate Interest/Yr%.
- Lease Term: Number of months in lease.
- Sales Tax: Sales tax, expressed as a percentage or an amount.
Sales Tax Is: Percent or amount as entered in the Sales Tax row above.
Sales Tax On: Sales Tax is calculated on the entire vehicle or on the payment only. Only Arkansas, Illinois, Maryland, Oklahoma, Texas and Virginia charge sales tax on the entire vehicle according to Kiplinger.
- Lease Payment: Total monthly payment including depreciation and finance fees and sales tax.Summary/Analysis
- Net Cost: Capital cost plus fees and points minus any reductions.
- Residual Amount: Amount of vehicle residual value at end of lease term.Depreciation
- Begin Period: Beginning period for the depreciation analysis.
- End Period: Ending period for the depreciation analysis.
- Depreciation Paid: Total amount of depreciation paid.
- Interest Paid: Total amount of interest paid.
- Payment Paid: Total amount of payments paid.
- End Balance: Amount of depreciation remaining.
A $15,000 automobile with capital costs of $13,500 is available for lease. The dealer expects a 75% residual. The lease term is 30 months with a money factor of .002917. What's the lease payment?- Price: 15,000.00
- Capital Cost: 13,500.00
- Fees: 0.00
- Points%: 0.000
- Reduction: 0.00
- Residual: 75.00
- Residual Type: Percentage
- Money Factor: 0.002917
- Lease Term: 30
- Sales Tax%: 0.000Select '=' on Lease Payment row. The monthly payment is $147.20.