UNDERSTANDING LEASING
UNDERSTANDING HOW LEASING WORKS AND HOW TO CALCULATE YOUR OWN LEASE PAYMENTS IS REALLY QUITE SIMPLE ONCE YOU LEARN HOW TO DO IT!
THE DIFFERENCE BETWEEN FINANCING AND LEASING IS VERY SIMPLE
WHEN YOU FINANCE A VEHICLE YOU ARE PAYING INTEREST ON THE LOAN
PLUS 100% DEPRECIATION OF THE VEHICLE.
WHEN THE LOAN IS PAID IN FULL THERE IS A ZERO BALANCE
ON THE VEHICLE AND IT IS YOURS FREE AND CLEAR.
WHEN YOU LEASE A VEHICLE YOU ARE PAYING INTEREST ON THE LOAN
PLUS ONLY PART OF THE DEPRECIATION NOT 100%!!!
IF A VEHICLE HAS A 63% RESIDUAL VALUE AT THE END OF 36 MONTHS
THAT MEANS ON A $10,000 VEHICLE THE PURCHASE OPTION WILL BE $6300.
THE AMOUNT OF DEPRECIATION THAT TOOK PLACE IS $3700.
THUS THE LEASE PAYMENT IS SIGNIFICANTLY LOWER THAN A FINANCE PAYMENT BECAUSE YOU ARE ONLY PAYING FOR THE PART OF THE VEHICLE THAT YOU USE,
NOT 100% OF THE VEHICLE!!!!!
GO TO OUR FRIENDLY WEBSITE www.Lease4Less.INFO and use the Six Calculators to Calculate all of your Automotive Financial Payments.
AUTOMATIC CALCULATORS CALCULATE LEASE PAYMENTS, FINANCE PAYMENTS, SPECIAL LOW APR FINANCE PAYMENTS, CASH VERSUS LEASE/FINANCE.
ALL OF THESE CALCULATORS PUT ALL OF THE RESULTS ON ONE PAGE FOR EASY COMPARISON AS TO WHICH METHOD OF PAYING FOR THE VEHICLE IS LEASE EXPENSIVE THUS SAVING YOU HUNDREDS OF DOLLARS, EVEN THOUSANDS OF DOLLARS!
GOOD LUCK AND HAPPY MOTORING!