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Finance And Lease Calculator
 
These free "what-if" finance and lease calculators will help you establish the cost parameters necessary to best fit your budget. As well, before finalizing the deal, compare the dealer's figures with these results to ensure no hidden fees have been included without your knowledge.
 

Finance
Vehicle Price
Additional Fees
Trade-In Value -
Before Tax Rebates/Credits These are incentives that apply to financed deals only. Cash deals may have different incentives. -
Sub-Total
Taxes: Sales Tax Rate %
Total
After Tax Credits/Charges -
Total Vehicle Price
Down Payment -
Balance Owing

Interest Rate (%)
Term (in months)
Frequency

Recalculate payments after changing any parameters above.
   

 

Lease
Vehicle Price This is the fully negotiated price of the vehicle and all options, not the MSRP.
Additional Fees This includes an additional charges like freight, pdi, rustproofing, extended warranty, etc.
Trade-In Value -
Before Tax Rebates/Credits These are incentives that apply to financed deals only. Cash deals may have different incentives. -
Sub-Total
Net After Tax Credits/Charges These are incentives that are typically provided after tax, like cash back. You must deduct the tax portion of the incentive first to calculate the payment, then add taxes back in after. For example, if the manufacturer is offering a cash back after purchase of $500, you can keep the whole $500 on an after tax basis. Or, if you want to apply this to the lease and your local tax rate is 5%, then only deduct the base amount first (eg: $500*(1-.05)=$475) to determine the base payment. Then add the tax at the end of the calculation. -
Net Down Payment For leases, when you put money down, it is considered to be after tax dollars. You must deduct the tax portion of the down payment first to calculate the payment, then add taxes back in after. For example, if you want to put a down payment of $500 and your local tax rate is 5%, then you must deduct the base amount first (eg: $500*(1-.05)=$475) to determine the base payment. Then add the tax at the end of the calculation. -
Balance Owing/Capitalize Cost

Lease Rate (%) Your dealer may use the term "money factor" when calculating payments. Ask them for the corresponding lease rate. Lease rate = (money factor*2400)
Term (in months)
Residual Also known as the buyback value. This information is not typically shared when negotiating the deal however payments can be manipulated to seem better if a higher residual is utilized. Ask what residual is being used to calculate payments.

Local Sales Tax Rate: %
Payments may vary slightly from manufacturer to manufacturer.
   
Tax Amount:
Monthly Payments:

 


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