Lease Calculator
Understanding Your Lease
Key Lease Terms
- Residual Value: The estimated value of the asset at lease end
- Money Factor: Interest rate divided by 2400
- Capitalized Cost: The negotiated price minus reductions
- Depreciation: The value lost during the lease term
Lease Tips
- Negotiate the asset price, not just the monthly payment
- Understand mileage limits and overage charges
- Consider gap insurance for vehicle leases
- Review early termination fees and conditions
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Leasing Tips
- Compare lease vs. buy options
- Check for lease-end fees
- Understand mileage restrictions
- Consider maintenance costs