| A. Residual Value |
|
| $ |
_________________________________ |
MSRP (including dealer installed factory equipment) |
| X |
_________________________________ |
Bank residual value % |
| - |
_________________________________ |
Mileage adjustment |
| $ |
_________________________________ |
Residual Value |
| B. Capital Cost |
|
| $ |
_________________________________ |
Base capitalized cost |
| + |
_________________________________ |
Dealer installed non-valued options |
| = |
_________________________________ |
Initial value |
| + |
_________________________________ |
INS: LA&H/Ext. Warranty/Luxury Tax |
| - |
_________________________________ |
Cap Cost Reduction (Cash or Trade Equity) |
| + |
_________________________________ |
Documentation/Assignment Fee |
| $ |
_________________________________ |
Net Capital Cost |
| C. Monthly Depreciation Charge |
|
| $ |
_________________________________ |
Depreciation (B-A) |
| ÷ |
_________________________________ |
Term |
| $ |
_________________________________ |
Monthly Depreciation Charge |
| D. Base Monthly Lease Charge |
|
| $ |
_________________________________ |
B + A |
| X |
_________________________________ |
Bank Factor |
| $ |
_________________________________ |
Base Monthly Lease Charge |
| E. Monthly Rent Payment |
|
| $ |
_________________________________ |
C ÷ D |
|
|
County:___________________ |
| + |
_________________________________ |
Sales/use tax _____________% |
| $ |
_________________________________ |
Monthly Rent Payment |
