lease calculator
retail installment sales contract (RISC) vs. lease contract
How does your RISC compare to a lease... using all the same averages? input your averages below and see what monthly payment you could give your customer on the same deal, but in a lease.
Now see what that lease would look like if you shortened the term by 6,12, or 18 months!
RISC
| Sales Price |
$
|
| Sales Tax (6%) | - |
| Service Contract |
$
|
| GAP |
$
|
| Title & License |
$
|
| Down Payment |
$
|
| Amount Financed | - |
| Term |
|
| APR |
%
|
Monthly Payment
0.00Lease
| Agreed Upon Value | - |
| Service Contract | - |
| GAP | - |
| Title & License | - |
| Gross Cap Cost | - |
| Cap Cost Reduction | - |
| Net Cap Cost | - |
| Money Factor | - |
| Residual (40%) | - |
| Term | Term -6 | Term -12 | Term -18 | |
| Term (equal) | - | - | - | - |
| Base Monthly Payment | - | - | - | - |
| Monthly Sales Tax | - | - | - | - |
| Total Monthly Payment | - | - | - | - |
| Payment Comparison | RISC | Lease | Lease -6 | Lease -12 | Lease -18 |
| Monthly Payment | - | - | - | - | - |
| Customer Savings | - | - | - | - | - |
