Car Lease Calculator
                                                                                                                                         Notes
                          MSRP                                       $             32,000  This is the Manufacturer's Suggested Retail Price, also called the sticker price of the car.
                          Base Cap Cost                              $             30,000  This is the negotiated price of the car, which is usually less than the MSRP or sticker price
                          Additional Lease Costs
                            Dealer Acquisition Fee                   $                  750  Acquisition fees usually range from $250 to $750.  This fee is included in every lease agreement.
                            Extended Warranties                      $               2,000  Additional costs associated with any other features outside of the lease, such as an extended warranty.
                          Gross Capitalized Cost                     $             32,750 
                          Capitalized Cost Reductions
                            Down Payments                            $               3,200  Includes cash or other allowances that pay down the capitalized cost of the car.
                            Trade In Allowances                      $               3,000  Any trade in allowance the dealer might offer you for an existing vehicle.
                          Net Capitalized Cost                       $             26,550  The net capitalized cost associated with the car lease.
                          Lease Terms and Taxes
                            Residual Value                           $             19,200  If you know the actual residual value, then enter that number here or else the sheet will calculate a value.
                            Money Factor                                     0.00292 There is a relationship between the money factor and the APR, as explained in the instructions.
                            APR                                                 7.0% Effective APR on the lease.
                            Term of Lease                                                  24  The term must be 24, 36 or 48 months.
                            Sales Tax                                           6.0% State sales tax (if any) in your state.
                          Calculation of Lease Cost
                            Depreciation                             $          7,350.00  Total depreciation on the car, which is the net capitalized cost minus the residual value.
                            Finance or Rent Charge                   $          3,206.16  The rent charged on the money borrowed over the term of the lease.
                            Sales Tax on Lease                       $             633.37  State sales tax due on the lease.
                          Total of All Payments                      $        11,189.53  Total of all money due on the lease, excluding upfront money such as capitalized cost reductions.
                            Total Lease Payment                      $        19,560.47  Total costs associated with the lease itself.
                            Sales Tax Due on Down Payment            $               12.00 
                          Calculation of Monthly Lease Payment
                            Monthly Lease Payment                    $             439.84  Monthly payment associated with the lease.
                            Sales Tax on Lease Payment               $               26.39  Sales tax on the monthly lease payment.
                          Total Monthly Lease Payment                $             466.23  Your total monthly lease payments over the term of the lease.
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                08/17/2022 17:31:03                                                                                                                                                   car_lease_calculator.xls