1) Compute MSRP: __________________ (Manufacturers Sug. Rtl. Prc.) A. Vehicle Purchase Price ________ B. Dealer Fee ________ C. Title/Tax/License Fee ________ D. Luxury Tax ________ E. Other ________ F. Capitalized Cost ________
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3) Lease Payment Calculations A. Lease Term in Months ________ B. Initial Value (1F) $ ________ C. Credit to Initial Value (Trade and/or downpayment) (-) ________ D. Service Contract + ________ E. Adjusted Capitalized Cost (B minus C plus D) = ________ F. Residual Value (-) ________ G. Depreciation (E minus F) = ________ H. Average Monthly Lease Depreciation (G divided by A) ________ I. Average Monthly Lease Charge (Interest rate or money factor times E+F) + ________ J. Base Monthly Lease Payment (H plus I) = ________ K. Use Tax (If payable monthly) + ________ _______ % of J L. TOTAL Monthly Lease Payment (J plus K) = ________
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2) Residual Value Computation A. Base Residual (% of MSRP) ________ (MSRP % taken from Residual Value Guide Book)
Dealer Adds: (Equipment that was not included in MSRP)
Air Conditioning ________ Cruise Control ________ Stereo ________ Sun/Moon Roof ________ Wheels ________ Other ________
B. Total ________ Excess Mileage Adjustment ________ (___ cents x ___ miles over ___ miles annually x term in years)
C. TOTAL MAXIMUM RESIDUAL ________
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4) Amounts Due Upon Lease Signing * A. Credit to Initial Value ________ B. Tax on Credit to Initial Value ________ C. Refundable Security Deposit ________ D. Initial Monthly Lease Payment (Include sale/ use tax payable monthly) ________ E. First Years License/ Registration Fees (If not capitalized) ________ F. Service Contract (If not capitalized) ________ G. Lixury Tax (If not capitalized) ________ H. Other ________ I. TOTAL (A through H) ________
* Some of the Amounts may be capitalized
and/or may not be required by your lessor.
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