Leasing a vehivle is an primary declaration that needs to be carefully deliberate and assessed. The lease rate is foremost for it determines what your charter remuneration Testament be. The lease rate can be decided provided the worth magnitude, agreement proportions, residual amount, let expression, and numeral of advance payments are accepted. Be taught easily calculate the sublet rate with a lease rate calculator and even print an amortization schedule after simply entering a few numbers by using the Tcalc.com website.
Instructions
1. Go to the following website to access the lease calculator: http://www.tcalc.com/tvwww.dll?CalcLease?Cstm=farmers2&IsAdv=0&SlvFr=2&PmntAmt=370.00&AdvPmnt=1
3. Click on the "Compute" button to find out what the lease rate is. For the example above, the lease rate is 20.030%.
2. Enter the following data in the fields: Lease Start Date, Lease Amount, Number of Advance Payments, Number of Payments, Payment Amount, and Residual Amount.For example, if you are leasing a $17,000 car on May 1, 2009 with a monthly payment of $400 for 3 years, with one advance payment and a residual amount of $11,000, enter the following in the respective fields: 05-01-2009, 17,000.00, 1, 36, 400, 11,000.00.
