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Lease Deal Calculator ORR

Lease Deal Calculator ORR

Lease Deal Calculator

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Breaking down various leases can be tough. Compare leasing car models, apartments, farmland, and more with our online lease calculator!

Cost

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This Lease Deal Calculator is a unique kind of lease calculator that evaluates any car lease deal against industry-average leases. It compares total lease costs with a car’s MSRP, given the length of the lease and down payment, if any — and any rebate or allowance that can be combined with the lease. The result is a RLV (Real Lease Value) score that instantly tells you whether the lease is considered to be a good deal or not.

In the example above, we take the advertised down payment ($2,399), subtract the first-month's payment (-$199), then add the acquisition fee ($595), which totals a real down payment of $2,795. We then divide this by the term of the lease (36 months), which calculates out to $77.64. This figure is the "hidden" cost of this lease deal, which we need to add to the advertised monthly payment of $199/month. So, the "real" monthly lease payment is equivalent to ($199 + $77.64) = $277 per month (I rounded up). (Source: www.realcartips.com)

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Monthly payments are mainly based on the difference between the cost of the new automobile (transaction price or capitalized cost), and what the car is forecasted to be worth at the end of the leasing period (residual value). Security deposits will most likely be required at signing. Additional charges may be imposed by dealers, so discuss all financing carefully before agreeing to a car leasing contract. Some lease contracts allow for the lessee to purchase the leased vehicle after the end of the lease. For more information or to do calculations regarding auto leases, use the Auto Lease Calculator.

Some of the largest multinational companies in the world hold leases totaling millions or even billions of dollars in machinery, equipment, factories, and other assets, and for a good reason; there are some financial advantages to leasing not only for corporations, but all businesses in general. For one, instead of paying full price for these assets, businesses can lease with the option to part ways with leased assets after their lease ends, continue leasing the equipment, or in some cases, buy the leased assets. Therefore, businesses have the opportunity to acquire and use expensive equipment while paying only a fraction of the cost upfront. This is particularly beneficial for new businesses that do not have a lot of initial capital. Also, lease payments that are considered operating leases are tax-deductible as a business expense, which can help reduce a business or company's tax bill. (Source: www.calculator.net)

 

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