|
| Calculate Car Lease Payment | ||
Also see: |
The term, calculate car lease payment, typically is about determining the amount of the monthly payment for a particular leasing situation for which the factors of the lease are known. These factors are: Capitalized Cost, Residual Value, Money Factor, and Lease Term. With these four factors, a lease payment amount can be calculated using the standard lease formula that is discussed here. This formula is an lease industry standard and is used by all lease companies (except Ford Motor Credit). Ford's formula is very similar and results differ by only 1%-2% from the standard formula. You can calculate a car lease payment manually or with a simple 4-function calculator but most people prefer to use an online lease calculator. Although all online lease calculators use the same formula, some provide more detail than others. To calculate a car lease payment and compare it with a loan payment for the same vehicle, you can use a special Lease vs Buy calculator. For the Apple iPhone and iPod Touch, here is an iPhone Lease Calculator. It can also be used with the iPod Touch and other PDA or phones that use a conventional browser. For more information, see: The Lease Guide
Comments and questions should be directed
to
. |
Return to