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| Car Lease Calculator - Calculate Car Lease Payment | |||
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The term car lease calculator is used to describe a special type of financial calculator, typically found on car lease-related web sites, that allows the calculation of monthly lease payments when other factors are known. Most lease calculators also find total lease cost which includes financial costs, taxes, and fees. In order to calculate car lease payments, you must first know cap cost (the vehicle price 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 known, the Car Lease Calculator can apply a standard formula to calculate your monthly lease payment. In most states, sales tax must also be included with each payment. In other states, sales tax is included in the lease cap cost. It is possible to calculate a car lease payment without an online calculator by using the standard lease formula as described here. This kind of calculation can done using a common 4-function drug-store calculator. This is partiularly handy if you want to be able to do your calculations while car shopping when you don't have a computer handy. The process is simple and easy to remember. An excellent example of a free car lease calculator is the comprehensive Lease Payment Calculator provided by LeaseGuide.com. The calculation is based on the standard lease payment formula mentioned above. For a much more basic Car Lease Calculator, try the one here. For more information, see: The Lease Guide
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