Find Car Lease
Estimate a vehicle lease payment.
Formula: Depreciation = (Capitalized Cost β Residual Value) Γ· Lease Term; Rent Charge = (Capitalized Cost + Residual Value) Γ Money Factor
Keep rates, balances, prices, and time periods on the same basis. An annual rate should not be combined with a monthly period unless the formula accounts for that conversion.
Check the final amount against the starting figure and rate. A large unexpected difference often points to a period or percentage entered in the wrong form.