Car Lease Calculator
This car lease calculator estimates your monthly payment for the vehicle you're thinking about leasing. Just input the data and the calculator does all the work for you.
If you want to compare leasing versus buying check out this lease vs buy calculator also.
The Basics Of Car Leasing
Car leasing is simply the rental of vehicle for an agreed period of time. It is a financing arrangement in which you pay a down payment, make monthly payments and maintain the car during the lease period.
Car leasing has become very attractive to consumers since it is a more affordable method of vehicle financing. Around 20% of the cars driven in the United States are leased cars. Though the monthly payments for car leasing is lower compared to a traditional auto loans, this method does not always work for everyone. Before you sign up a contract for a lease, it is essential that you check the benefits, criteria and the possible complications you may encounter during the lease period. It is also important that you check the monthly payment to find out if it suits your budget. This car lease calculator will give you an estimate of your monthly payment for the car of your choice.
Your Responsibilities As A Lessee
Benefits of Car Leasing
Easy On The Pocket
Smaller Sales Tax
Drive An Expensive Vehicle For Your Money
New Vehicle More Often
Should there be a problem with your vehicle, your vehicle will always be covered under the manufacturer’s warranty provided that the lease is not more than 3 years or less and the mileage is not more than 60,000.
Before Signing The Lease Term
Before you sign the lease agreement, make sure that you understand all your responsibilities as a lessee and the terms stipulated in the contract. Try to ask the dealer to spell out all the do’s and don’ts in your vehicle to avoid disagreements. Lastly, verify the calculation of the dealer by using the car lease calculator.
Lease Calculator Terms And Definitions
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