A. Residual Value |
|
$ |
_________________________________ |
MSRP (including dealer installed factory equipment) |
X |
_________________________________ |
Bank residual value % |
- |
_________________________________ |
Mileage adjustment |
$ |
_________________________________ |
Residual Value |
B. Capital Cost |
|
$ |
_________________________________ |
Base capitalized cost |
+ |
_________________________________ |
Dealer installed non-valued options |
= |
_________________________________ |
Initial value |
+ |
_________________________________ |
INS: LA&H/Ext. Warranty/Luxury Tax |
- |
_________________________________ |
Cap Cost Reduction (Cash or Trade Equity) |
+ |
_________________________________ |
Documentation/Assignment Fee |
$ |
_________________________________ |
Net Capital Cost |
C. Monthly Depreciation Charge |
|
$ |
_________________________________ |
Depreciation (B-A) |
÷ |
_________________________________ |
Term |
$ |
_________________________________ |
Monthly Depreciation Charge |
D. Base Monthly Lease Charge |
|
$ |
_________________________________ |
B + A |
X |
_________________________________ |
Bank Factor |
$ |
_________________________________ |
Base Monthly Lease Charge |
E. Monthly Rent Payment |
|
$ |
_________________________________ |
C ÷ D |
|
|
County:___________________ |
+ |
_________________________________ |
Sales/use tax _____________% |
$ |
_________________________________ |
Monthly Rent Payment |