Title | : | FRM: Auto lease payment math |
Lasting | : | 9.16 |
Date of publication | : | |
Views | : | 87 rb |
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Thank you for your excellent explanation of the lease calculation process Comment from : Susana |
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Can you explain the interest based off the cap cost and the residual, and why the money factor is 24? You stated to ask for further explanation in your video Thank you Comment from : T Full |
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is there a way to figure out the money factor if they don't tell you prior to drawing up any paperworkbr IOW I have a lease payment price on an A or B pencil work up Sales guy is running back and forth to the sales manager and finance How do I figure the money factor being charged, based on the payment, if I don't have that information yet Comment from : IFSO |
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I wonder what I’m doing wrong, but the lower the negotiated price, the higher the monthly payment becomes That can’t be right? Comment from : Nicole M |
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Is the money factor different at each dealership - do they set that on their own or is that set everywhere the same? Comment from : Jonathan Smith |
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Excellent ty’ Comment from : Robin Delgado |
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Mind blownGod bless you sir! This was brilliantly explained for us auto purchasing 'dummies' Comment from : Alvin Express Taxi |
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Why are they adding the residual and the cap cost together to figure interest? To me, that sounds like you are being charged interest on the same money twice because the residue is in the cap cost all ready Comment from : Ricky Morgan |
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Whats the magic behind the # 24 Comment from : looking4vehiclescom looking4vehicles@gmailcom |
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Great tutorial! Thank you I use a lease calculator app, but I like to know the math so I can confirm long-hand The lease apps let you move the acq, doc, and other fees as capitalized items In your spreadsheet, I just added it as part of the cap cost Comment from : diarchangel |
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Just perfect, excellent presentation,great Comment from : IGarret Gru |
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Greatly explained Thanks Comment from : Esam Shakarchi |
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I just used your file and my payment is higher than what the dealer is offering Not sure how this works Comment from : Sadeq Islam |
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Where is the rent cost?Depreciation yes Interest yes What about the cost of the dealer buying the car first so they can lease it to you The rent cost Comment from : Mark Lark |
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That’s what I don’t get tho, how are some cars leased for like $150 Comment from : Problematicss |
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The Tacoma has a residual value of 76 is that good for the lease term?? Comment from : Rickyy2Clean |
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why is the money factor multiplied by 24? Could you help elucidate please? thanks Comment from : MC Mickey米鼠 |
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Bionic Turtle, drive off fees, is this what they call inception fees? Comment from : SuperChicken SuperChicken |
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Bionic Turtle, since you can negotiate cap cost and net cap cost where does rebates and discount coming in on leasing a car, because it certainly comes in when you are buying a car? Comment from : SuperChicken SuperChicken |
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So are most consumer leases capital or operating leases? Comment from : Mopar21 |
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Damn that one expensive lease for a $32,000 car Comment from : Lesver |
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Who Decide Residual Value? Comment from : Dave V |
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Having issues down loading the excel sheet, can you email it to me? Comment from : Mauricio-From-Chi-Town |
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God Bless You ! Comment from : Will N |
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Wow this is so complicated Comment from : frosty l |
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Never lease a vehicle Comment from : James Bond |
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Thanks for the spreadsheet, very helpful Comment from : Armando Dacal |
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It's kinda lame that you would charge for this spreadsheet It's not like there's anything proprietary in that spreadsheet You even show us the formulae in the video, so all you're doing is making us waste time re-creating what's already been done It would be like if YouTube forced you to program the upload page before putting up the video Comment from : Blood Bath and Beyond - Pop Goes Metal Covers |
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I couldn't find the spreadsheet on your website, could you please give me a direct link thanks in advance Comment from : Mr Gill |
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Is there any difference between the terms of lease and loan interms of homes,cars ,etcbrMy thought is the price is not distinct from those terms just that lease normally stands for paying to rent and loan usually stands for paying to eventually own or by But a lease eventually re-evaluated to include lease to own as well so some leases are almost equivalent to a loan in the meaning Comment from : sam111880 |
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David how did you get to multiplying by 24? I think my underlying question is does that work on any term? Thanks Comment from : A1ldante |
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Thank-you very much for taking the time to share your knowledgebrLeasing a car is a very confusing process for the average personbrIt could be made much easier if they wanted it to be,brbut likely they make lots of money keeping it so mysterious Comment from : makemontanamyhome |
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Is this still available for download? Comment from : Vince Nappo |
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Excellent!!! I have been In the business for nearly 20 years and have a complete understanding of leasing I am amazed at how few auto professionals understand or can even explain the basics of leasing Some States calculate taxes based on the Cap Cost not on the use payment (Illinois) for example Other than that small omission your explanation is dead on
I am amazed on how much mis information there is on this subject on the internet Comment from : Harlow Mills |
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Great analysis Could you explain why the MF is 24? We would appreciate it Keep up the good work Thanks Comment from : Henry Urbano |
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David, enjoy your series
Comment from : ad2181 |
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