Want to calculate your monthly lease payment? Consider using a lease calculator If you are considering a car lease, then you might want to know some key figures involved in the deal: the monthly lease payments, the overall cost of the lease and how much savings can be made compared to purchasing the vehicle. A [...]
If you are in the market to lease a vehicle, you will hear the term residual value recur like a leitmotif. A residual value does not only affect your monthly payments, but is equally used by leasing companies to determine any penalties should you break your lease early and how much to pay if you [...]
A prepaid lease is a new type of lease which has made its foray into the market in recent times. In this lease, consumers forego the cycle of lease payments if they make a large payment at the beginning of the lease. There are two amounts in a conventional lease that incur charges and determine [...]
Leasing a used vehicle can be an attractive deal in many ways, no least getting you into that luxury model or SUV, for lower monthly payments than a brand new one. Be prepared, however, to do some more homework to dissect a good deal. As with new car-leasing, your price research should focus on the [...]
In order to get a good leasing deal, you need to understand leasing jargon. Read through this leasing glossary to get an overview of the basics: Acquisition fee: A fee charged by a leasing company to begin a lease. Not all leasing companies charge an acquisition fee but if charge it starts at about $300 [...]
For auto-consumers, crunching the numbers is one of the most difficult and confusing aspects of leasing. Take the finance charge on a lease for instance. Most people just dont understand how this is calculated on capitalised cost AND residual value instead of just the capitalised cost. For most, it seems plainly obvious, just as is [...]
To lease, you have two possible choices: either lease through a dealers finance source or through an independent lease company. A conventional dealer has a captive finance source, which can be the car manufacturers financial company, such as BMW Financial Services, Honda Motor Credit or General Motors Acceptance Corporation (GMAC), or a major national bank [...]
Whether you lease a car to get into the latest models or have better purchasing flexibility, getting a good deal is always bound to give you a lift. Use these guidelines to help you spot one: Check incentives: be on the look-out for factory subsidized lease deals. Car manufacturers realise that consumers who lease vehicles [...]
Understanding how to calculate your monthly lease payment makes it easier for you to make an informed decision. Yet, most of us shy away from the complicated math on our lease contract, leaving it up to the dealer to do the payment formula. Actually, its not that difficult! Once you understand all the figures involved [...]
If you are considering whether to buy or perhaps lease your next car and which would afford you the best deal, most consumer experts agree that from a purely financial aspect you will be better off in buying your next car. Of course paying cash in full is the best possible scenario since with this [...]