Released on: May 5, 2008, 9:26 am

Press Release Author: LeaseTrader.com

Industry: Software

Press Release Summary:

Press Release Body: LeaseTrader.com Lease Calculator, lease calculation
variables.

1. MSRP What is the MSRP for the vehicle (Manufacturer\'s Suggested Retail
Price)?

Enter the vehicle\'s MSRP (window sticker price), including any dealer-installed
equipment. Do not include dealer fees, taxes, or non-equipment options such as paint
sealant, fabric protector, or window tinting.

2. Base Cap Cost (Lease Price) What is your Base Cap Cost - (the negotiated
lease price for the vehicle)?

This is the vehicle negotiated or discounted price that you and the dealer agree
upon, which is usually a discount off the sticker price. It is called Base
Capitalized Cost in a lease contract. Do not include any other costs in this figure.
You will have an option at a later time to provide these figures.

3. Costs Included in Lease What additional costs are included in your lease?


Total the other costs to be included in your lease, such as acquisition (bank) fee
insurance, or extended warranty you may have purchased. Include any up-front sales
taxes (required in some states) that will be financed with the lease. Do not include
fees, taxes, or costs that you will pay in cash. If you are trading in a vehicle
with negative equity (there is still a loan or lease balance) add the amount of that
balance to your other costs and enter the total here now.

4. Cap Cost Reduction

The cost of your lease payment is reduced by any down payment you make, credit for a
trade-in vehicle, or rebate from the car manufacturer. Remember, you will pay sales
tax on your down payment and rebate, and get a tax credit for your trade-in (in most
states). The LeaseTrader Calculator will calculate all this for you. If you have a
trade-in vehicle but still have an outstanding loan or lease, be sure you add the
amount you owe as a Cost Added to Lease back in Step 3.

5. Adjusted (Net) Capitalized Cost This is the Net Cap Cost on which your lease
payment is calculated. Change it if you want.

Your Adjusted Net Cap Cost is your Base Cap Cost plus any other costs included in
the lease, minus any Cap Cost Reductions. It\'s often simply called Cap Cost in lease
payment calculations. This value is calculated based on the figures you entered in
previous steps. However, if you want to ignore your previous input and change this
value, you can do so now. Otherwise, simply go on to the next step now.

6. Residual Value What is the Lease-End Residual Value -or- Percentage for your
vehicle?

Residual value is an estimate of a vehicle\'s wholesale value at the end of a lease
term. The higher the value, the lower your lease payment. The Residual Value is set
by lease companies, get this value from your dealer or lease company. If you don\'t
have a Residual Value now, leave it and we\'ll estimate it for you later. Our
estimate is based on a generic vehicle with 12k miles/yr.Come back here to Step 6 to
change it later.

7. Money Factor What is your lease Money Factor (Interest Rate)?

Money Factor determines lease finance charges and is expressed as a small number,
such as .00225. Since Money Factor is set by each lease companies, get this value
directly from your dealer or lease company. If you don\'t know your Money Factor, you
can estimate it by finding the current new-car loan interest rate APR.

8. Term What is the Term for the Lease, in months?

The length (Term) of your lease is expressed in months. For example: 36 months. Most
leases are for 24, 30, 36, 39, 42 or 48 months. Leasing for a term longer than the
manufacturer\'s warranty on your vehicle may expose you to paying for repairs after
your warranty expires.

9. Sales Tax What is the Sales Tax rate where you live?

Sales tax rates vary by state, county, and city. It is expressed as a percentage,
such as 6.5%. In most states, sales tax is added to and paid with each monthly lease
payment. If you know that you pay tax with each monthly payment, or aren\'t sure how
you pay, enter your tax rate now. Other states require sales tax payment up front.
If this is your case, leave the tax rate set at 0%.

After calculate, you may go back and change any of your figures, see how it
affects your results. Print your results and compare different lease deals with
different vehicles.

Web Site: http://www.leasetrader.com/car-lease-calculator/

Contact Details: Address: 2999 NE 191 Street Suite 701, Aventura
United States of America

Phone Number: 800-770-0207
Email: leasecalculator@leasetrader.com