Lease Costs?
MBWorld Fanatic!
Joined: Apr 2005
Posts: 3,784
Likes: 84
From: SCV SoCal
2002 CLK430
If you know the cost of the vehicle, the residual, the money factor, and how long you want to lease the vehicle, you can determine the monthly note. This is the formula many lenders use to calculate a lease payment:
The (capitalized cost minus the residual value) divided by the number of months equals the Monthly Depreciation
The (capitalized cost plus the residual value) times the money factor equals the Monthly Interest
The monthly depreciation plus the monthly interest equals the monthly payment. The other option is to go to MBUSA.com, build a car, and click on financing options. That will tell you the lease price as well.
The (capitalized cost minus the residual value) divided by the number of months equals the Monthly Depreciation
The (capitalized cost plus the residual value) times the money factor equals the Monthly Interest
The monthly depreciation plus the monthly interest equals the monthly payment. The other option is to go to MBUSA.com, build a car, and click on financing options. That will tell you the lease price as well.
Newbie
Joined: Oct 2004
Posts: 15
Likes: 0
From: Cincinnati
CLS55 AMG
15,000 miles per year
3 years
Including Sales Tax, Guzzler Tax, Gap, etc.
$90760 sticker
$1448/mo
Check out www.leasecompare.com - a very user-friendly site - they are great to do business with!
3 years
Including Sales Tax, Guzzler Tax, Gap, etc.
$90760 sticker
$1448/mo
Check out www.leasecompare.com - a very user-friendly site - they are great to do business with!
