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Auto Lease Calculator |
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The term auto lease calculator is used to describe a special type of financial calculator, typically found on auto lease-related web sites, that allows the calculation of monthly lease payments when other factors are known. In order to calculate auto lease payments, you must first know cap cost (the vehicle price that the lease on which the lease is based), residual value (the estimated lease-end value of the vehicle), money factor (another form of interest rate), and term (length of the lease, in months). Once these factors are entered, a lease calculator uses an industry-standard lease formula to determine the amount of each monthly lease payment. In most states, sales tax must also be added to each payment. Be aware that a lease calculator can only calculate the amount of a monthly lease payment. It cannot tell you if the lease is a good deal or not. In this respect, the calculator is most useful for lease planning purposes and for checking the accuracy of dealer calculations. An excellent example of an online lease calculator is our Lease Payment Calculator provided by LeaseGuide.com. Another is our Lease vs. Buy Calculator which can be used to compare the cost of buying to the cost of leasing. For more basic car lease calculations, see our Basic Lease Calculator. For more information, see: The Lease Guide
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