Car Lease Payment

Car Lease Payment is not always what it appears to be. Every month, Monthly Car Lease ranks the Top-25 Car Lease specials.  These rankings are based on a ratio called, LVR or Lease Value Ratio. The LVR tells us how much car we're getting for our monthly car lease payment. But, Car Lease Payment alone, might not be enough to give us the true picture of how good of a lease deal we got from our dealer. Unfortunately, those advertised monthly car lease payments you read online or in your local newspaper don't always mention added on costs.

Car Lease Payment

What it Really Means

Most car lease payments under $200 most certainly include a down payment and in some cases, an acquisition fee. The down payment reduces the capitalized cost and is therefore usually called, a Cap Reduction. By listing the cap reduction on the bottom of the add, in fine print, any dealer or car maker can make a car lease payment look really attractive. But, the reality is, the money you pay up front needs to be considered as part of your total costs. To get your actual or real car lease payment, you need to figure in all of the upfront costs and divide by the number of months of your Lease Term.

Average Car Lease Payment

Is Your Actual Car Lease Payment

Monthly Car Lease adds the down payment to the total cost of lease payments and divides that result by the term of the lease. So, if a car leases for $200 a month for 36 months with $2,000 down, the total cost of the lease is $9,200 ($200 x 36) + $2,000 = $9,200. From there, we take the total cost divided by the lease term: $9,200 / 36 = $255.55. One important thing to look for and ask: Does the $2,000 include your first month payment of $200?  If so, then you can deduct the $200 from the down payment since you will be making that payment as part of your 24/36/48 month Lease Term.  Other questions to ask: Are there any other fees involved? Security Deposits? Acquisition Fees? Most car leases these days do not require deposits anymore. On some of the more expensive Luxury Car Leases like BMW, Audi and Mercedes you might see an additional acquisition fee.  Though some of these costs are refundable, it's important to realize that you're still out the money you forked over for 2-4 years. To me, down payments and extra fees defeat the purpose of a car lease which is to preserve monthly cash flow and keep as much disposable money in your bank accounts as you possibly can. Average Monthly Car Payment is the most important figure in determining your Lease Deal.

Find Car Leases with No Down Payment

As I've mentioned numerous times, there is never really any reason to make a down payment on a lease. Usually, you can expect the down payment to reduce the cost of your monthly payment by only the total amount divided by the number of months of your term. Interest does not play much of a factor with cap reductions on a lease, so a down payment serves very little purpose other than to perhaps give you a psychological edge in feeling better about your monthly payment commitment. Either way, you're going to pay for it, so why not keep as much of your cash as you can and pay it out slowly over the term of the car lease?  February Car Lease Specials has quite a few reasonable lease deals with no advertised monthly lease specials at all; especially from Honda and Acura. This certainly makes it easy to see the real value of your car lease payment.

altima-couple-lease

What is the Best Coupe for your money? Or for that matter, what is the best coupe you can get for your monthly lease payment? With the exception of this month’s awesome Cadillac Lease Special, it seems like the Best Car Lease deals rarely include coupes. There are a couple of simple reasons for this: One, coupes usually cost a little more than their identical sedan twins. Two, coupes are not as practical as a form of transportation. Another problem is that some car makers are simply no longer making coupes. But, while the choices in our Best Coupe lineup may seem somewhat limited, there are more than enough worthy continues for the best coupe Review on Monthly Car Lease.

While a coupe is generally a sportier, 2-door version of a sedan, their all-purpose use is slightly more limited. Sedans tend to appeal to a wider audience, thus they maintain a slightly higher residual value after they become a few years old. A sedan like say, a BMW 335Xi, is fun, sporty, luxurious and much easier to fit 1 to 3 passengers in the backseat. On the other hand, nothing says, sports car quite as well as a 2-door coupe and if you are single or an empty nester, you will rarely ever need the back seat, right? Read the rest of this entry

Cadillac Coupe Lease

Honda and Acura Enticing Car Lease Specials

Honda and Acura continue to offer their enticing, 36 month Term Leasing Car Lease Specials for only 35 payments. This is an exciting lease offer that gives you a lower average monthly payment than the actual lease payment. For example, you can lease a 2010 Honda Insight CVT LX for $210.00 a month. You get to keep the car for 36 months, but you only have to make 35 payments. Your total cost to lease it is only $7,350 (35 * 210) as opposed to $7,560 (36*210), meaning your actual monthly average payment is only $204.17 as opposed to the $210 you'll be paying for each of the 35 months, thereafter. These are 0-Due at signing lease offers from Honda and Acura and they are good on virtually all of their models. These car lease specials have been around since October, but I'm not sure how much longer you can expect them. I've listed the Honda Insight, Civic, V6 Crosstour and the Acura RL, TXS and ZDX, all which have an LVR (Lease Value Ratio) of 1.15 or less. You can't go wrong leasing a 2010 or 2011 Honda or Acura this February. But the car lease specials don't stop there. Check out what else is out there from Honda, Acura, Nissan and Cadillac. Read the rest of this entry