Evaluating Car Lease Deals Quickly with the One Percent Rule
Because there are several interrelated factors in determining if a car lease deal is good, bad, or just average, it is impossible to quickly size up such deals without the use of “tricks”, hacks, or with an online calculator designed specifically for that purpose (see our Lease Deal Calculator).
However, if you are in a dealer’s showroom looking over a lease proposal, or attempting to compare two or more deals, and it’s not convenient to get on the Internet and hook up to our deal calculator, there is a quick evaluation technique called the “One Percent Rule” that only requires simple math. Using it will quickly tell you if a specific car lease deal is worth pursuing — or if you should walk away from it.
Here is an infographic that outlines the six steps required to evaluate any car lease deal. For more details about the One Percent Rule, see this article.
