Read This Before Leasing 
Sample Completed Lease Payment Calculation Work Sheet
This is an example only.

By: Roosevelt Gist



 
Lessee
Name:    _John J. Doe  Date:  _3/1/xx  Year:  _2xxx___     Make: _Mazda______
Address: _123 Any St.  Phone: 9876543  Model: _RX7____     VIN#: _AB1CD224E0_
         ____________         _______  Estimated Annual Mileage: _15,000_____
City/State/Zip:  _Washington D.C.____

Notes:













                  
1) Compute MSRP: ________19,885____
(Manufacturers Sug. Rtl. Prc.)
 A. Vehicle Purchase Price _18,610_
 B. Dealer Fee             __1,861_
 C. Title/Tax/License Fee  _____90_
 D. Luxury Tax             ____250_
 E. Other                  _20,811_
 F. Capitalized Cost       ________
3) Lease Payment Calculations
 A. Lease Term in Months   _____60_
 B. Initial Value (1F$  _20,811_
 C. Credit to Initial 
    Value (Trade and/or 
    downpayment
)       (-) __1,272_
 D. Service Contract    +  ____448_
 E. Adjusted Capitalized
    Cost (B minus 
    C plus D
)           =  _19,987_
 F. Residual Value     (-) __5,965_
 G. Depreciation
    (E minus F)         =  _14,021_
 H. Average Monthly Lease  
    Depreciation 
    (G divided by A)       ____233_
 I. Average Monthly Lease
    Charge (Interest rate 
    or money factor times 
    E+F
)                  +  ____149_
 J. Base Monthly Lease
    Payment (H plus I=  ____383_
 K. Use Tax (If payable
    monthly
)            +  _____30_
       _____8_ % of J
 L. TOTAL Monthly Lease
    Payment (J plus K=  ____414_
2) Residual Value Computation
 A. Base Residual 
    (% of MSRP)         30%__5,965_
    (MSRP % taken from Residual 
    Value Guide Book
)

    Dealer Adds: (Equipment that 
    was not included in MSRP
)

    Air Conditioning       ______0_
    Cruise Control         ______0_
    Stereo                 ______0_
    Sun/Moon Roof          ______0_
    Wheels                 ______0_
    Other                  ______0_

 B. Total                  ______0_
    Excess Mileage
    Adjustment             ________
    (___ cents x ___ miles over 
     ___ miles annually x term in 
    years
)

 C. TOTAL MAXIMUM RESIDUAL __5,965_
4) Amounts Due Upon Lease Signing *
 A. Credit to Initial
    Value                  ______0_
 B. Tax on Credit to 
    Initial Value          ______0_
 C. Refundable Security
    Deposit                ______0_
 D. Initial Monthly Lease
    Payment (Include sale/
    use tax payable 
    monthly
)               ______0_
 E. First Years License/
    Registration Fees      
    (If not capitalized)   ______0_
 F. Service Contract
    (If not capitalized)   ______0_
 G. Lixury Tax
    (If not capitalized)   ______0_
 H. Other                  ______0_
 I. TOTAL (A through H)    ______0_
* Some of the Amounts may be capitalized
and/or may not be required by your lessor.



 
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