ONLINE CALCULATOR

Negotiated Purchase Price: Sometimes Dealerships are definitely willing to listen to you and negotiate on price.You can negotiate your interest rate, trade-in, and e.t.c.

Money Factor: Is a metric that determines the lease rate based on your credit history. The worse your credit history, the higher the money factor, making the lease more expensive. This factor is expressed as a decimal. For example, a money factor of 0.001, when multiplied by 2400, is equivalent to an annual interest rate of 2.4%.

Trade-In Value is the price a dealer would offer for a yours preowned vehicle to apply toward the purchase of new car. A lower price also means a cheaper car payment when you finance the deal. Your trade in value is determined by your car’s mileage, condition, and demand for that particular make or model.

Sales Tax: Florida collects a six percent sales tax on the purchase of all new or used vehicles.

Residual value of the car - This is an estimate of the value of the car at the end of the lease term, is necessary for calculating depreciation and amortization. The amortization of a leased car refers to the total amount you pay to finance it, minus its residual value.
The residual value of vehicles is determined by the financial institutions that negotiate the leases, not the dealers. Residual value is determined by multiplying MSRP by estimated depreciation value. For example, if your car has an original cost of $20,000 and depreciation is 50%, the residual value will be $10,000. At the end of the lease, the residual value of the car will be $10,000. Car leases tend to be more affordable for slow-depreciating vehicles because they hold their residual value well.