Using lease calculators

Want to calculate your monthly payment? Consider using a
calculator

If you are considering a car lease, then you might want to know some key
figures involved in the deal: the monthly payments, the overall cost
of the and how much savings can be made compared to purchasing the
vehicle.

A calculator relieves you from the stress of having to know the
complex underlying formulae used in calculations. You simply plug a
number of figures into the calculator and hey presto! You get a detailed
rundown of detailed payments, taxes and total costs.
 
Figures you need to get from your dealer about a specific you’re
interested in include: capitalized cost, estimated residual value at the
end of the lease, the number of months in your and the money factor.
Make assumptions and change some of the figures to see how it affects your
lease payments. For instance, residual value is an “estimated” value of what
the vehicle will be worth at the end of the lease. You can input different
estimates to cover different scenarios and assumptions.

As a final note of caution, bear in mind that calculators only do
calculations and check the accuracy of abstract mathematical formulae. They
do not tell you whether a is good or bad