Once you have all the details together, it’s time to get a good feel for what your final payment will be well before you ever step foot into a dealership.
Determining your final lease payment is as simple as adding the three principal factors of your lease together:
Monthly Payment = Depreciation + Rent Charge + Taxes
We can't stress how important it is to know your monthly lease payment before walking into a dealership. If you can't get all the figures you need before you walk into the dealership, you should then consider keeping these formulas handy so that you can do your own math on the spot.
As we mentioned earlier, it’s important to know all the factors that contribute toward calculating your lease, including your Residual, Money Factor, and Net Capitalized Cost. All of these values can change from vehicle to vehicle, and again from year to year.
Back to Calculating Your Monthly Lease Payment
