Lease Calculator
Calculate the monthly payment for any type of lease, whether for equipment, vehicles, or property. Understand the financial commitment of a lease agreement.
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Understanding the Lease Calculator
The Lease Calculator is a versatile financial tool that helps estimate the monthly payment for any type of lease, whether it's for equipment, vehicles, or property. It breaks down the components of a lease payment, helping you understand how factors like capitalized cost, residual value, and money factor contribute to your monthly expense.
How to Use the Calculator
To estimate your monthly lease payment, you need to input several key figures:
- Asset Value: The total price or MSRP of the item being leased.
- Negotiated Price (Cap Cost): The agreed-upon value of the asset at the start of the lease.
- Down Payment / Capitalized Cost Reduction: Any initial payment that reduces the amount being financed.
- Lease Term (months): The duration of the lease agreement.
- Residual Value: The estimated value of the asset at the end of the lease term. This can be entered as a percentage of the asset value or as a fixed amount.
- Money Factor: The interest rate of the lease, expressed as a small decimal.
- Sales Tax (%): Your local sales tax rate, which is applied to the monthly payment.
Frequently Asked Questions (FAQ)
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