Your expected monthly payment if you were to lease the same vehicle, on your own, at the dealer today.
This is how much you would actually pay each month to lease the car.
Amount you would expect to pay in total to lease the car if you got it from a dealer today.
This is how much you would actually pay for the lease takeover.
This is the difference between the reasonable total cost and the actual total cost. If the number is negative, the actual cost is higher than the reasonable cost and it isn’t a great deal. If the number is positive, it’s a good deal.
If the “bottom line” number was positive, and all your input numbers are right, congratulations! This particular lease takeover may be a good deal. You could contact the current leasee and initiate taking over the lease.
If the numbers are negative, you could use the results to negotiate a better deal with the current person trying to get out of their lease. For example, if the “bottom line” number is negative by $2,000, you could ask the person to give a cash incentive of $2,000 toward the lease.
If the numbers were negative by a significant amount or the seller didn’t want to negotiate, you could look for another lease takeover that is a better deal.
This calculator is designed to be an informational and educational tool only, and when used...Read More alone should not be relied upon as an accurate indication of your financial needs. The results provided by this calculator are limited by the accuracy of the assumptions you make in providing the information used in the calculation. This model is provided as an approximation of future monthly payments and any results presented by this calculator are hypothetical and may not reflect your unique financial needs. We do not guarantee that this calculator is reliable, accurate or complete. Read Less