r3mix3r

Hey guys,

I'm constantly looking at different cars, and always curious what they lease for, as I have been leasing my last few cars. Even if I'm not in the market for a different car I always seem to be checking out prices on cars, and always curious on how much they would lease for.

I'm not looking for a lease calculator, just a simple way of getting a close estimate within $20-30 of the monthly payment as to what they go for. Is there any sites that show what people paid? I have looked at the edmunds forum, which has a ton of information in the "Prices Paid" section, although it's a little overwhelming.

I know to get the prices that the cars are actually going for, I usually go to:

http://www.truecar.com

Then I can find the monthly residuals at the site:

http://www.ridewithg.com

Now, I'm just not sure what else I need to make a good approximation of a realistic lease payment. I noticed when you go to a car site (of the actual brand/dealer) it seems completely off, a lot HIGHER.

Thanks!

Saintor

The last car I leased was in 2005. Dealers are working with money factors.... I never got it fully so I have my own little approximation. Payment usually within 1-2$ of the money factor method.

Here are a few key components;

[PER] = Number of periods
[MSRP] = Initial full price without transport & preparation
[TP] = Transport & preparation
[%] = annual interest rate
[% RES] = % of [MSRP] at the end
[% DCNT] = % discount on [MSRP]

1. Get the value of depreciation ([MSRP] x (1 - [% DCNT]/100) - ([MSRP] x [% RES])+ [TP]

2. Get the payment on depreciation. To do so, compute using a loan calculator such as an Excel @PMT function with [PER] and [%]/1200 and the value of depreciation in previous step. Multiply the result by -1 because Excel gives the result as a negative.

3. Add the monthly amount in interest due on residual;
[MRSP] x [% RES] x [%] / 1200

4. Add the tax!