How much should a lease be on a 50000 car?

How much should a lease be on a 50000 car?

In fact, getting a low vehicle price on your lease can save you a lot of money. Take the example from above, where you lease a car that has a price of $50,000 and will be worth $30,000 at the end of the lease. That lease costs you roughly $20,000 before fees and interest.

Why are lease payments so high?

McShane's payments. … Leasing tends to be more affordable than financing a car, where loan payments are often hundreds of dollars a month higher. Car shoppers opt to lease because it allows them to drive a more expensive car than they would otherwise have considered, dealers and analysts say.

What is a good lease rate?

Different lenders (leasing companies) will offer different interest rates. Use a rate between 2% and 5% if you have strong credit, between 6% and 9% for average credit and between 10% to 15% for poor credit. Length of the lease: Car leases usually last 36 months, which is how long most extended warranties last.

How much does 1000 lower a lease payment?

Keeping in mind that every $1,000 equals $30 a month in payment, you should be able to negotiate at least $1,000 off of the MSRP (at least for cars over $20,000) which should automatically reduce your monthly payment or reduce the amount of money you have to put down.

Did I get a good lease calculator?

To figure out the cost per $10,000 worth of vehicle, you simply divide the "real" monthly payment by MSRP, then multiply that by 10,000. … This lease deal comes out to $121.57/month per $10,000 worth of vehicle. Since it's under $125, it's considered a good lease deal.