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__Values & Prices Paid__Meet your fellow owners in our

__Owners Clubs__# Calculate Your Own Car Lease Payment

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**10,059****Calculate Your Own Car Lease Payment**

There are several ways to estimate your car lease payment, including setting up a spreadsheet to do the work for you.

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11But the dealer offers $320/mo x 36 mo w/ $2500 down. With what looks like a 62% residual value.

What gives?

20201Expressed another way, if a simple amortization calculation is made (on an HP 12C calculator) using 36 months, 3% interest and a monthly payment of $232.77 (i.e. the 191.39 for the depreciation + the 41.38 for the interest), the present value being financed is $8,004, which is not the same as the $6,890 depreciation in your line 6. Why is there that difference? Apparently the financing is based on more than just the depreciation?

So where am I going wrong? What am I missing in the explanation?

Maybe this is "just the way they do it" but it would help to understand the concept/rationale better.

Thanks very much.

Baylis

1So, in the case above, the amount multiplied by the money factor would be $26,220. Does this work?

11321"Gentlemen/Ladies -- Why, in lines 9 - 11 of the calculation, are the net capitalized cost (20,000) and the residual (13,110) added to produce 33,110? What is the concept of applying the money factor to that large number?"

130,385The two numbers are added, because the amount subject to finance charges is an

averageof those two numbers...You don't have to divide by 2 to get the averages, because that part of the calculation is accounted for in the money factor.

Did you get a good deal? Be sure to come back and share!

Edmunds Moderator8130,385You pay finance charges on an average of the net cap and the residual. To get an average, you add the two numbers together, then divide by 2. The division by 2 is accounted for already within the money factor.

Did you get a good deal? Be sure to come back and share!

Edmunds Moderator81130,385There is MSRP (that's the bottom line of the sticker, including destination)

And, there is the selling price...

Did you get a good deal? Be sure to come back and share!

Edmunds Moderator31124,199Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!

MODERATOR2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

33243124,199What payment are you expecting to see?

Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!

MODERATOR2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

33130,385Did you get a good deal? Be sure to come back and share!

Edmunds Moderator4What if someone pays upfront? In this case, if someone pays $6,890 upfront, one doesn't need to consider the MF, right?

So it will be $6,890 + Tax? and no additional?

What would be the disadvantage of paying upfron?

Thank you

124,199But, the calculations are the same, then summed for the entire lease term and paid up front.

Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!

MODERATOR2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

4Thank you.

124,199MODERATOR2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

4MSRP 38,188

Discount savings: -4,311

Vehicle sell:(38,188): 67%

Access595

Document Prep Fee: 700

License/title: 79

Acquisition fee: 700

Tax on collected Items ( no idea what this is?): 294.48

Down/cash cap reduction: -3,113.30

Rebate: -500

Net cap: 32,632.41

--------

Base payment 357.56

Monthly tax: 29.14

24 mo payment: 386.70

-----

Down/cash reduction: 3,113.30

1st payment: 386.70

Due on delivery: 3,500

----

Rate: 0.0011

Annual miles: 12,000

Residual% (38,188): 67%

Residual amount: 35,585.96

Tax:8.15%

This is a quote for 2016 Lexus NX200t, Las Vegas.

I would appreciate your feedback greatly! Thanks!

130,385$595 for accessories? Do you know what that is for?

$700 doc prep fee? Seems excessive.

I calculate the same payment.

If you only paid the first payment at lease signing, the payment would be $525/mo. (the true monthly cost of the lease)

Have you thought about a little longer term? You could save some money.

The savings is actually higher, because you amortize your upfront money over more months.

27/12 payment: $366.35/mo. (66% residual)

36/12 payment: $358.07/mo. (60% residual)

Did you get a good deal? Be sure to come back and share!

Edmunds Moderator21130,385The math on a purchase is different, and obscures that, somewhat.

Did you get a good deal? Be sure to come back and share!

Edmunds Moderator4130,385Step #1 is to find out if you actually have any equity.

Call Kia Finance for your payoff

Ask in this discussion for the value of your vehicle:

https://forums.edmunds.com/discussion/1212/general/x/real-world-trade-in-values#latest

Did you get a good deal? Be sure to come back and share!

Edmunds Moderator127Thank you.

124,199MODERATOR2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

10124,199But, it also depends on what brand you are interested in.

MODERATOR2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

10130,385Money factor depends on the make.

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Edmunds Moderator10130,385Did you get a good deal? Be sure to come back and share!

Edmunds Moderator