Car Lease or Buy Analyzer

 

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AUTO LEASE/BUY ANALYSIS

BUY ANSWER SHEET


DEALER AND VEHICLE DATA

DEALER XYZ DEALER SALESMAN Any Salesman DATE 01/01/2001
MAKE Car MODEL Buggy YEAR 2000
SERIAL/VIN #

ABC 123456789Z

DEALER #

ZX13456

BUY 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  
LOAN AMOUNT (Lease or Loan after Sales Tax) $16,586.07  
LESS SALES TAX (If you don't finance sales tax) 1,085.07  
NET LOAN AMOUNT (Final Lease or Loan Amount) $15,501.00  
TERM OF LOAN

4

YEARS    
QUOTED INTEREST RATE/YR.

9.00

(-) Overchg.    
CALCULATED INTEREST RATE/YR.

9.03

-2.23%    
QUOTED PAYMENT/MONTH

$386.00

     
CALCULATED PAYMENT/MONTH

$385.74

-$25.31    

LOAN PRINCIPAL & INTEREST FOR LEASE TERM AND BUY TERM

 

LEASE TERM

QTD. INT.

BUY TERM

QTD. INT

PAID PRINCIPAL 24 MONTHS $7,057.41 48 MONTHS $15,501.00
PAID INTEREST 24 MONTHS 2,200.42 48 MONTHS 3,014.67
TOTAL PRINCIPAL & INTEREST 24 MONTHS $9,257.83 48 MONTHS $18,515.67

COST TO OWN FOR LEASE TERM AND BUY TERM

PRINCIPAL BALANCE OWED 24 MONTHS $8,443.59 48 MONTHS $0.00
TRADE-IN & DOWN PAYMENT     2,100.00     2,100.00
PAYMENTS DURING TERM 2 YEARS 9,257.83 4 YEARS 18,515.67
COST TO OWN 24 MONTHS $19,801.42 48 MONTHS $20,615.67
LESS: VALUE OF VEHICLE 62.34 % 11,221.00 45.33 % 8,160.00
ADJUSTED COST TO OWN 24 MONTHS $8,580.42 48 MONTHS $12,455.67
 
COST TO OWN PER MILE 15,000 PER YR. $0.286 15,000 PER YR. $0.208

Conclusion