Auto Lease Calculator
Auto Lease Calculator Instructions
Introduction
The Auto Lease Calculator is a helpful tool that allows you to calculate the monthly payments and total cost for leasing a vehicle. By entering key information such as the vehicle's MSRP, negotiated price, down payment, and interest rate, you can easily estimate your lease costs and make informed decisions.
Description
This tool is designed to simplify the process of estimating vehicle lease costs. It factors in:
- Vehicle's MSRP (Manufacturer's Suggested Retail Price).
- Negotiated Price (Agreed price after negotiation).
- Down Payment (Initial payment made upfront).
- Money Factor (Lease interest rate).
- Lease Term (Duration of the lease, in months).
- Residual Value (Value of the car at the end of the lease).
- Trade-in Value (Value of any trade-in vehicle).
Additionally, it includes a Clear button to reset all inputs for convenience.
How to Use
- Enter the Vehicle MSRP.
- Input the Negotiated Price of the car.
- Provide the Down Payment amount.
- Specify the Lease Term in months.
- Enter the Money Factor (or interest rate).
- Include the Residual Value of the vehicle.
- If applicable, provide the Trade-in Value.
- Click Calculate to view the monthly payment and total lease cost.
- To reset all fields, click the Clear button.
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