Numerical Methods at work

Disclaimer:
Permission to use, copy, and distribute this software, and It’s documentation for any non-commercial purpose is hereby granted without fee, provided: THE SOFTWARE IS PROVIDED "AS-IS" AND WITHOUT WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR OTHERWISE, INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. IN NO EVENT SHALL Henrik Vestermark, BE LIABLE FOR ANY SPECIAL, INCIDENTAL, INDIRECT OR CONSEQUENTIAL DAMAGES OF ANY KIND, OR ANY DAMAGES WHATSOEVER RESULTING FROM LOSS OF USE, DATA OR PROFITS, WHETHER ADVISED OF THE POSSIBILITY OF DAMAGE, AND ON ANY THEORY OF LIABILITY, ARISING OUT OF OR IN CONNECTION WITH THE USE OR PERFORMANCE OF THIS SOFTWARE.

Car lease Calculator

This Car lease calculator allows you to estimate the financial result of a car lease agreement. Particularly what kind of interest rate they are charging. The car dealership often only talks about the money factor (or multiplier) that you multiply with the car price - capital reduction to get your monthly lease over the agreed period. However, using the money factor obfuscates the actual interest they are charging. This calculator finds the interest based on the 5 other parameters so you can better judge how expensive the car lease is.

Notice the correct use of signs. The car price is positive meaning the car dealership is giving you the car at this value. Capital reduction is therefore negative meaning you are paying them e.g. 10000 to reduce the lease amount. The monthly payment amount is also negative since you are paying them the monthly lease amount. The Residual Value is usually positive and represents the value of the car at the end of the lease term.

Car Lease Finance Calculator vs. 1.5
Parameters





Email: hve@hvks.com if you have any questions.
Capital Reduction is the amount that you typically paid down to reduce the principal upfront. Since you paid it should be a negative amount e.g. -$3000

Rate this page

Click on the stars below to rate this page

Low
a star
a star
a star
a star
a star
High

Corrections:
18-Nov-2019vs 1.5Redesign GUI