CALCULATOR FOR AUTOMOBILE LEASE VS. BUY; calculate finances of leasing a vehicle, auto, car, truck, motorcycle, van or SUV instead of purchasing.

CALCULATOR: AUTOMOBILE LEASE VS. BUY
Calculate the financial advantage or disadvantage to leasing a vehicle, auto, car, truck, motorcycle, van or SUV instead of purchasing
For automobiles such as: Mazda, Nissan, Mitsubishi, Chevrolet, Toyota, Volkswagen, Kia, Saturn, Dodge, Ford, Daewoo, Honda, Subaru, Volvo Infiniti, Pontiac, Buick, Lexus, Saab, Lincoln, BMW, Audi, Acura, Chrysler, Cadillac, Mercedes-Benz, Mercury, Porsche, Suzuki, GMC, Jeep, Isuzu, Land Rover, Jaguar, Ferrari, Rolls-Royce.

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For automobiles such as: Mazda, Nissan, Mitsubishi, Chevrolet, Toyota, Volkswagen, Kia, Saturn, Dodge, Ford, Daewoo, Honda, Subaru, Volvo Infiniti, Pontiac, Buick, Lexus, Saab, Lincoln, BMW, Audi, Acura, Chrysler, Cadillac, Mercedes-Benz, Mercury, Porsche, Suzuki, GMC, Jeep, Isuzu, Land Rover, Jaguar, Ferrari, Rolls-Royce.

Here is a list of the calculations that can be computed:
Description (A) Lease: (B) Loan: Instruct/Explain
1. Purchase price:
2. Sales tax rate:
3. Fees:
4. Cash Down payment:
5. Net Trade-in allowance:
6. Rebates:
7. Term (in months):
8. Interest rate (APR):
9. Monthly payment:
10. Security deposit:
11. Estimated resale value:
12. Annual savings rate:
13. Year #/% Depreciation:
Description (A) Lease: (B) Loan:
14. Monthly payment:
15. Total of payments:
16. Total interest expense:
17. Net upfront expenses:
18. Depreciation expense:
19. Forgone Interest earnings:
20. Total cost:
21. Average cost per year:

Auto Lease Vs. Buy Calculator

To choose between a vehicle lease or loan, you'll need to compare your total costs over the term of the arrangement. This calculator will give you a rough estimate of the costs involved, as well as a comparison between "lost interest" costs related to your initial expenses. It will even calculate your estimated monthly lease payment and/or your monthly loan payment if necessary.

Start with Line 1 and work your way through the entry fields and then click on "Compute" to arrive at cost figures.

Description

(A) Lease:

(B) Loan:

Instruct/Explain

1. Purchase price:

2. Sales tax rate:

3. Fees:

4. Cash Down payment:

5. Net Trade-in allowance:

6. Rebates:

7. Term (in months):

8. Interest rate (APR):

9. Monthly payment:

10. Security deposit:

11. Estimated resale value:

12. Annual savings rate:

13. Year #/% Deprec.

Description

(A) Lease:

(B) Loan:

Instruct/Explain

14. Monthly payment:

15. Total of payments:

16. Total interest expense:

17. Net upfront expenses:

18. Depreciation expense:

19. Forgone Interest earnings:

20. Total cost:

21. Average cost per year:

Instructions: To see a more detailed instruction/explanation of any text-entry field, simply click in the desired text field and the instructions/explanations will appear in this text area.
Line #1A: ENTER: The negotiated purchase price of the car you are thinking of leasing.

Line #1B: ENTER: The negotiated purchase price of the car you are thinking of buying.

Line #2A: ENTER: The applicable sales tax rate, expressed as a percentage (enter \"6.5\" for 6%, i.e., leave off the percent sign).

Line #2B: ENTER: The applicable sales tax rate, expressed as a percentage (enter \"6.5\" for 6%, i.e., leave off the percent sign).

Line #3A: ENTER: The combined total of the lease's acquisition and title-registration fees.

Line #3B: ENTER: The vehicle's title/registration fees.

Line #4A: ENTER: The amount of your cash down payment, if any.

Line #4B: ENTER: The amount of your cash down payment, if any.

Line #5A: ENTER: The amount of your net trade-in allowance, if any.

Line #5B: ENTER: The amount of your net trade-in allowance, if any.

Line #6A: ENTER: The total amount of any rebates you have coming.

Line #6B: ENTER: The total amount of any rebates you have coming.

Line #7A: ENTER: The term of the lease expressed in number of months.

Line #7B: ENTER: The term of the loan expressed in number of months.

Line #8A: ENTER: If you would like the calculator to figure your monthly lease payment for you, enter the lease's stated annual interest rate, expressed as a percentage. Otherwise, if you know the monthly lease payment amount, leave this field blank.

Line #8B: ENTER: If you would like the calculator to figure your monthly loan payment for you, enter the loan's annual interest rate, expressed as a percentage. Otherwise, if you know the monthly loan payment amount, leave this field blank.

Line #9A: ENTER: If you know what your lease's monthly payment will be, enter the monthly payment amount. Otherwise, leave this field blank and the calculator will estimate your lease's monthly payment for you.

Line #9B: ENTER: If you know what your loan's monthly payment will be, enter the monthly payment amount. Otherwise, leave this field blank and the calculator will compute your loan's monthly payment for you.

Line #10A: ENTER: Enter the lease's security deposit amount.

Line #11A: ENTER: The vehicle's estimated resale value (residual) at the end of the lease (varies by model, mileage and other factors). If you want the calculator to estimate the resale value for you using the annual depreciation percentages on line #13, leave this field blank.

Line #11B: ENTER: The vehicle's estimated resale value (residual) at the end of the loan (varies by model, mileage and other factors). If you want the calculator to estimate the resale value for you using the annual depreciation percentages on line #13, leave this field blank.

Line #12: ENTER: Annual interest rate at which you expect your savings to grow, expressed as a percentage.

Line #13: ENTER: This line shows the typical falling depreciation percentages that occur each year following the purchase-lease of a new vehicle. If you think the default amounts are not reflective of your particular vehicle's depreciation, feel free to alter the percentages as you see fit.

Line #14A: RESULT: This is the amount of your monthly lease payment -- which includes depreciation expenses, finance charges and sales taxes.

Line #14B: RESULT: This is the amount of your monthly loan payment.

Line #15A: RESULT: This is the total amount of your lease payments over the term of the lease.

Line #15B: RESULT: This is the total amount of your loan payments over the term of the loan.

Line #16B: RESULT: This is the total interest you will pay by the time you pay off your loan.

Line #17A: RESULT: This is the amount of your upfront lease expenses -- which includes acquisition and title-registrations fees, plus any applicable sales tax due at signing, less any applicable rebates.

Line #17B: RESULT: This is the amount of your upfront loan expenses -- which includes sales tax and title-registrations fees, less any applicable rebates.

Line #18B: RESULT: This is the total amount your vehicle's depreciation over the term of the loan.

Line #19A: RESULT: This figure represents the interest you could have earned had you invested the lease's net up-front costs for the term of the lease.

Line #19B: RESULT: This figure represents the interest you could have earned had you invested the loan's down payment, trade-in allowance and net up-front costs for the term of the loan.

Line #20A: RESULT: This is your total cost over the term of the lease.

Line #20B: RESULT: This is your total cost over the term of the loan.

Line #21A: RESULT: This is the average annual cost of leasing the vehicle (Total Cost divided by Lease Term years).

Line #21B: RESULT: This This is the average annual cost of buying the vehicle (Total Cost divided by Loan Term years).

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