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Compare Equation Lease Feature

The Compare Equation Lease feature simplifies your lease management process. It allows you to analyze different lease options side by side, making informed decisions easier than ever.

Key Features

Side-by-side comparison of lease terms and conditions
Customizable filtering options for tailored analysis
Visual graph representation for quick insights
Export functionality for reporting purposes
User-friendly interface for seamless navigation

Potential Use Cases and Benefits

Evaluate multiple leasing options for better deals
Identify key terms and differences at a glance
Aid in decisions for personal or business leasing needs
Assist in negotiating favorable leasing terms
Streamline the process of lease renewals

By using the Compare Equation Lease feature, you can effectively tackle the overwhelming nature of lease negotiations. This tool empowers you to compare every option clearly, ensuring that you choose the best deal that meets your needs.

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+ Total up front costs (down payment + other fees) + Lost interest. + Outstanding loan balance at time lease expires. — Market value of vehicle at time lease expires. = Net cost of buying.
This calculator helps you decide whether it is better for you to buy or lease a car. It assumes you will not exercise the purchase option at the end of a lease. However, at the end of a vehicle loan, you will own the car. Two factors included in the calculation are car depreciation and financing expenses.
Comparing the two major finance choices The choice between buying and leasing has often been a tough call. On one hand, buying involves higher monthly costs, but you own something in the end. On the other, a lease has lower monthly payments, but you get into a cycle where you never stop paying for a vehicle.
It is possible, though only if you are getting a great deal on both the lease and the payoff amount. Generally speaking, automakers' promotional lease deals are created by adjusting the primary factors: initial sale price, interest rate and cost to buy the car at the end of the lease term.
This calculator helps you decide whether it is better for you to buy or lease a car. It assumes you will not exercise the purchase option at the end of a lease. However, at the end of a vehicle loan, you will own the car. Two factors included in the calculation are car depreciation and financing expenses.
A $30,000 vehicle with a 65 percent residual would have a base monthly payment of $292 before taxes, interest and fees. Choosing the vehicle with the higher residual percentage would net a savings of more than $200 per month for a vehicle with the same selling price.
For example, if the MSRP is $25,000, the residual value is around 50 percent (this number can be obtained from the car finance expert). If you negotiate the lease value for $24,000, the car value is $11,500 ($25,000 / 50 percent — $1,000 = $11,500). Take the car value and divide it by the term of the lease.
Identify the number of the monthly payments on the lease. Then subtract the residual value from the net capitalized cost. Divide the resulting number by the number of payments. The result is the depreciation portion of the lease payment. For example, you lease a new car for three years.

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