Car lease calculator free software download. Step-by-step through a few easy questions about the lea

USA (SANEPR.com) May 7, 2008 -- LeaseTrader.com Lease Calculator, lease calculation variables.

1. MSRP What is the MSRP for the vehicle (Manufacturer's Suggested Retail Price)?

Enter the vehicle's MSRP (window sticker price), including any dealer-installed equipment. Do not include dealer fees, taxes, or non-equipment options such as paint sealant, fabric protector, or window tinting.

2. Base Cap Cost (Lease Price) What is your Base Cap Cost - (the negotiated lease price for the vehicle)?

This is the vehicle negotiated or discounted price that you and the dealer agree upon, which is usually a discount off the sticker price. It is called Base Capitalized Cost in a lease contract. Do not include any other costs in this figure. You will have an option at a later time to provide these figures.

3. Costs Included in Lease What additional costs are included in your lease?

Total the other costs to be included in your lease, such as acquisition (bank) fee insurance, or extended warranty you may have purchased. Include any up-front sales taxes (required in some states) that will be financed with the lease. Do not include fees, taxes, or costs that you will pay in cash. If you are trading in a vehicle with negative equity (there is still a loan or lease balance) add the amount of that balance to your other costs and enter the total here now.

4. Cap Cost Reduction

The cost of your lease payment is reduced by any down payment you make, credit for a trade-in vehicle, or rebate from the car manufacturer. Remember, you will pay sales tax on your down payment and rebate, and get a tax credit for your trade-in (in most states). The LeaseTrader Calculator will calculate all this for you. If you have a trade-in vehicle but still have an outstanding loan or lease, be sure you add the amount you owe as a Cost Added to Lease back in Step 3.

5. Adjusted (Net) Capitalized Cost This is the Net Cap Cost on which your lease payment is calculated. Change it if you want.

Your Adjusted Net Cap Cost is your Base Cap Cost plus any other costs included in the lease, minus any Cap Cost Reductions. It's often simply called Cap Cost in lease payment calculations. This value is calculated based on the figures you entered in previous steps. However, if you want to ignore your previous input and change this value, you can do so now. Otherwise, simply go on to the next step now.

6. Residual Value What is the Lease-End Residual Value -or- Percentage for your vehicle?

Residual value is an estimate of a vehicle's wholesale value at the end of a lease term. The higher the value, the lower your lease payment. The Residual Value is set by lease companies, get this value from your dealer or lease company. If you don't have a Residual Value now, leave it and we'll estimate it for you later. Our estimate is based on a generic vehicle with 12k miles/yr.Come back here to Step 6 to change it later.

7. Money Factor What is your lease Money Factor (Interest Rate)?

Money Factor determines lease finance charges and is expressed as a small number, such as .00225. Since Money Factor is set by each lease companies, get this value directly from your dealer or lease company. If you don't know your Money Factor, you can estimate it by finding the current new-car loan interest rate APR.

8. Term What is the Term for the Lease, in months?

The length (Term) of your lease is expressed in months. For example: 36 months. Most leases are for 24, 30, 36, 39, 42 or 48 months. Leasing for a term longer than the manufacturer's warranty on your vehicle may expose you to paying for repairs after your warranty expires.

9. Sales Tax What is the Sales Tax rate where you live?

Sales tax rates vary by state, county, and city. It is expressed as a percentage, such as 6.5%. In most states, sales tax is added to and paid with each monthly lease payment. If you know that you pay tax with each monthly payment, or aren't sure how you pay, enter your tax rate now. Other states require sales tax payment up front. If this is your case, leave the tax rate set at 0%.

After calculate, you may go back and change any of your figures, see how it affects your results. Print your results and compare different lease deals with different vehicles.