Lease Deal Calculator – 2017 Edition
Evaluate Any Car Lease Deal – Good or Bad
Be aware that advertised car lease deals assume the customer has excellent credit. If you have a less-than-excellent credit score, the payment amount can be higher than advertised.
* Lease payments are partially determined by a lease finance rate, which depends on a customer’s credit score.
If you don’t know your current credit score , you should get it before you go shopping for a lease.
What’s your FICO® score? Find out now.
To view a list of current promotional car lease offers from car companies
see Best New Car Lease Deals.
Evaluate those offers for yourself using this Lease Deal Calculator.
How Lease Deals are Evaluated by This Calculator
This Lease Deal Calculator is a unique kind of lease calculator that evaluates any car lease deal against industry-average leases. It compares total lease costs with a car’s MSRP, given the length of the lease and down payment, if any — and any rebate or allowance that can be combined with the lease. The result is a RLV (Real Lease Value) score that instantly tells you whether the lease is a good deal or not.
Car lease deals cannot be evaluated by monthly payment amount alone. What seems to be a low payment can easily be a bad deal. To accurately evaluate a lease deal, the total cost of the lease must be compared to the initial value of the vehicle — MSRP. The lower the total lease cost measured against MSRP, the better the deal. The cost of a lease is reflected in the monthly payment, which is the result of a combination of factors such as cap cost, residual value, money factor, down payment, and lease term (months).
We assign each evaluated deal a RLV score that is inversely related to the results of this comparison. That means the higher the score, the better the car lease deal. If you are evaluating and comparing multiple lease deals, the deal with the higher score is the best deal.
Scores have a broad range of values but generally fall between 50 and 100. A RLV score below 50 is considered a POOR car lease deal, and a score of 90 or higher is an OUTSTANDING deal (some deals can score 100 or more). Scores are rated on a 5-level scale of Poor / Average / Good / Excellent / Outstanding.
Normal customer-negotiated lease deals typically rate AVERAGE to GOOD. Limited-time “subvented” car lease deals offered by car manufacturers through its dealers will typically rate GOOD to EXCELLENT, occasionally reaching the OUTSTANDING level.