Use the advanced car lease calculator to get an instant evaluation on your car lease deal!
This advanced, car lease calculator is like the Basic Car Lease Evaluator, but provides more information. The advanced evaluator will instantly rate your lease deal. But, the difference is that you can actually calculate your monthly car payment based on leasing terms. Then you can evaluate your lease deal. Simply enter the MSRP, residual value, money factor and your downpayment/trade-in. The advanced car lease calculator will provide you with your monthly payment, average or effective car payment, LVR, and the rating.
Why two Car Lease Calculators?
The basic car lease evaluator is the fastest, simplest way to get a rating on a lease quote. It is not nearly as convenient to come-up with lease jargon figures such as money factor and residual value. On the other hand, monthly payments, cap reductions, MSRP, etc., are numbers that are always readily available to us when needed.
There are times when it helps to know these figures and compare the monthly payment to the dealer’s quote to see if things add-up as they should. Some of us genuine leasing and financial geeks really like to see the nitty-gritty, numbers. You can plug them into the formula. Watching the way car lease calculations work is entertaining and educational. It is helpful in learning how the entire car leasing industry works.
By experimenting with Money Factor, Residual Value, and Cap Cost, you will learn. You will be able to quickly come to appreciate what goes into making a sweet car lease deal.
When you just want a quick and convenient way to get a lease rating, use the basic Lease evaluator. It is simple. The advanced lease rating evaluator and calculator gives you the freedom to experiment. It takes a little bit more time and research. But, this allows you to get an accurate monthly payment and compare it to the real deal.
Feel free to use both car lease evaluators.
what about the miles in a lease? Obviously 15,000 miles a year cost more than 12,ooo.
Normally, leases are best for those who drive between 10,000 and 12,000 miles a year. The difference between 10K, 12K, and 15K is probably about another $15-$20 monthly for each higher group.