Lease Calculator
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Ballpark Automotive Lease Payment Calculator
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Negotiated Price of Car (with options)$18,600.00This is the negotiated price of the car, with all manufacturer, port installed and dealer installed options, manufacturer accessories, etc.
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Invoice Price of Car$18,600.00This is the invoice price listed on the car's price/consumer information sticker.
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Lease Term (months)36This is the number of months you intend to lease the car. This ideally should never be more than the car's bumper-to-bumper warranty.
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Residual Value (percent)57.00%This is the residual value of the car for the lease term and mileage allowance (i.e. 36 months, 12,000 miles/yr). Any car dealer can tell you this over the phone.
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Base Money Factor0.0067This is the "interest" paid on the lease in addition to you covering the vehicle's depreciation. Any car dealer can tell you this over the phone. You should always expect to pay 5 to 10 points over the base. Ensure you find out for what time period this base money factor is valid (it will change at least every month).
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Down Payment$1,000.00This is how much money you're putting down.
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Trade-In Value$1,000.00This is how much money you will get for your trade-in. If your trade-in is worth less than you owe, this number can be negative. Enter 0 if you have no trade-in.
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Dealer Incentives$0.00This is how much money the dealer may be taking off for other incentives.
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Dealer Fees$0.00This is to cover fees such as documentation fees, registration fees, etc. Note: back-end margin fodder like "paint sealant" should be added to the Dealer Price.
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Sales Tax Rate (percent)5.00%This is the sales tax rate you expect to pay (for Austin I believe it's 6.25% base with a 1% city and 1% MTA rate, or a total of 8.25%).
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Min. Expected Monthly Payment$380.59Your monthly lease payment should roughly fall between this number...
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Max. Expected Monthly Payment$394.87... and this number.
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Enter the appropriate value in each of the yellow boxes. The calculator will use this information to "ballpark" your expected monthly payment.
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You will need to get the Residual Value and Base Money Factor numbers through a phone call to a dealership. They need to know the duration and expected annual mileage.
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If you want to work with this workbook, make a copy. Do not edit this workbook directly.
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Lease Payment Calculator
How it all works