Auto Lease or Buy Analyzer

AUTO LEASE/BUY ANALYSIS

LEASE ANSWER SHEET

*LEASE ANALYSIS*
STICKER PRICE PLUS FEES	(Delivered Price before Discounts)				$18,601.00
DEALER DISCOUNTS					500.00
MANUFACTURER'S DISCOUNTS	(Rebates, etc.)				500.00
GROSS SALES PRICE	(Adjusted Delivered Price)				$17,601.00
TRADE-IN	(Cap Cost Reduction)				0.00
DOWN PAYMENT	(Cap Cost Reduction)				2,100.00
NET PRICE	(Lease or Loan before Sales Tax)				$15,501.00
SALES TAX	7.00	%			1,085.07
LEASE PRICE	(Lease or Loan after Sales Tax)				$16,586.07
LESS SALES TAX	(If you don't finance sales tax)				1,085.07
NET LEASE PRICE	(Final Lease or Loan Amount)				$15,501.00
TERM OF LEASE			2	YEARS
QUOTED INTEREST RATE/YR.			9.00	%
CALCULATED INTEREST RATE/YR.			11.23	%
QUOTED PAYMENT/MONTH			$305.00
CALCULATED PAYMENT/MONTH			$279.69

*COMPARISON (Quoted to Actual)*
(Quoted by Dealer) (Actual - Calculated from Dealer Info)					*QUOTED*	*ACTUAL*
GUARANTEED PURCHASE OPTION PRICE					$11,221.00	$11,221.00
* TRADE-IN/DOWN PAYMENT (CAP COST REDUCTION)					2,100.00	2,100.00
* TOTAL MONTHLY LEASE PAYMENTS					7,320.00	6,712.52
TOTAL COST TO LEASE					$20,641.00	$20,033.52
LESS: GROSS SELLING PRICE					$17,601.00	$17,601.00
INTEREST PAID DURING LEASE					$3,040.00	$2,432.52

TOTAL LEASE PAYMENTS					$7,320.00	$6,712.52
TOTAL INTEREST PAID					3,040.00	2,432.52
TOTAL PRINCIPAL PAID DURING LEASE					$4,280.00	$4,280.00

BEGINNING NET LEASE PRICE					$15,501.00	$15,501.00
LESS: PRINCIPAL REDUCTION					$4,280.00	$4,280.00
ESTIMATED RESIDUAL VALUE AT END OF LEASE					$11,221.00	$11,221.00

ESTIMATED VALUE AT END OF LEASE			62.34	%	$11,221.00	$11,221.00
GUARANTEED PURCHASE OPTION PRICE			62.34	%	$11,221.00	$11,221.00
* POSSIBLE EQUITY AT END OF LEASE					0.00	0.00
* LOST INTEREST ON SECURITY DEPOSIT					$36.73	$36.73
COST TO LEASE (Down Payment + Lease Payments + Equity + Lost Interest)					$9,456.73	$8,849.25
COST TO LEASE/MILE	15,000	Miles/Yr.			$0.315	$0.295