Saturday, April 9, 2011

Car Lease Calculator

Leasing is the best way for us to be able to buy a car. It's cheaper and faster than the usual bank loan and is perfectly designed for car buying. An automobile lease calculator is a financial tool that helps lease customers to calculate their own monthly payments on their own, before to ask the lease consultant to assist them in filling all of the forms.

The car lease calculator helps you calculate the monthly obligations as well as the overall lease costs. It is crucial for the user of the calculator to understand the basic factors of their lease deal for the specific car they plan to buy. The car lease calculator can help you find the hidden fees from the back of a lease contract and also check car dealer figures.

In few easy steps, you have to fill some fields and the car lease calculator will analyze your fillings and will provide you an immediate answer for the calculation.

Initial step requires you to fill the maker suggested list price, without including the price the dealership fees, taxes and car options like paint sealant or fabric protector, but you range from the price of the window stickers for the vehicle.

Next thing is filling the base capitalized cost. This price is the price you and also the car dealer negotiated. In this price you don't have to include any other fees or costs because there are a handful of other fields that will require for these costs.

Next step is filling the costs added or included to lease, for instance bank fee, insurance, warranty or tax for luxury cars. In this field don't include any money that you'll pay cash for any fee or tax.

The firth step you purchase for calculating the monthly payment of your lease is filling the values of the payments you made upfront, like deposit or a rebate from the manufacturer. Next the calculator is computing the net capitalized cost of the vehicle. This price is the cost without the money you paid upfront and all other fees and taxes you entered in the previous steps fields.

The sixth step is the filling of the residual value, which can be a value or a percentage, depends on the lease company you utilize. The seventh step is a little bit delicate because you will have to ask your lease agent. In this step you have to fill the cash factor or even the rate of interest from the leasing company.

Then you have to fill the term of the lease in months that usually are 24, 36 or 48. It is very important the lease contract to become shorter over time than the warranty given by the car manufacturer.

And also the final step is filling the Florida sales tax accordingly to the state, county or city you reside in. and by pressing next step you will have everything calculated and a monthly payment established according to the dates you field in. You can also print this report and show to the leasing company that you already know everything about your leasing.

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