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 ________
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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_
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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_
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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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