WOLFRAM|DEMONSTRATIONS PROJECT

Auto Lease Calculator

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MSRP (Manufacturer Suggested Retail Price) ($)
25000
base cap cost ($)
25000
down payment ($)
0
cost reductions (trade-ins, etc.) ($)
0
other costs (acquisition fee, etc.) ($)
0
residual factor
0.6
lease term (months)
36
money factor
0.002
sales tax (%)
9.25
down payment (inc. tax)
$0.00
monthly payment (inc. tax)
$390.87
number of months
36
total lease cost (inc. tax)
$14,071.40
Calculate the monthly payments and total cost of an auto lease. Note that all inputs should exclude sales tax, as this will be computed by the Demonstration.