In order to make an accurate
lease payment quote it is important to know the full MSRP (Manufacturer's
Suggested Retail Price) including all the options that you want
on the vehicle that you want to lease. Given a fixed amount being
financed, the higher the MSRP, the lower the payment. The lower
the MSRP, the higher the payment. Why is this? Because of the way
lease payments are calculated.
Each lease payment consists of
two parts, amortization and rent charge. The amortization part is
calculated by subtracting the residual value from the amount being
financed. Since the residual value is determined by taking a percentage
of the MSRP, the higher the MSRP, the lower the amortization part
of the lease payment.
Please take the time to check out
the full MSRP of the vehicle that you want to lease. You can do
this by going to the Kelly
Blue Book. Once you have
determined the information that you need, please go to the Lease
Application. We also lease used vehicles back to 2005. For
those, we just need the purchase price and the odometer mileage.
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