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Leasing Tips
10 Steps to Leasing a New Car
Step 4: Estimating your lease payments.
From Edmunds.com
Video highlights of this article
A lease payment is calculated from many different numbers and can be difficult
to understand. However, you should attempt to estimate your own lease payment
before you go shopping to avoid paying too much. In the old days (like, five years
ago), this meant an hour or two with a calculator. Now, the process has been streamlined
by the Internet.
On the Edmunds.com homepage look for the link to "Calculators"
in the directory. This suite of calculators allows you to generate your own lease
payments based on purchase price, lease length, interest rate and more. You can
even use the same figures to create a side-by-side comparison to see what it would
cost to buy the car. When you are done, print out the results and keep them with
you in your car-buying folder as you continue shopping.
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