How to Calculate your Audi Lease Payment
Now that you understand how Audi Leasing Works, let us take a look at how your monthly payment is calculated. A monthly Audi lease payment is actually pretty easy to understand. The problem with Audi leasing today is that so few consumers understand how to be certain their payment is calculated correctly. It is not unusual for customers to overlook certain charges and factors because they do not understand the mechanics of a Audi lease.What makes up a Audi monthly lease payment?
A monthly Audi car lease payment is a combination of three factors:- Depreciation
- Interest Payment(Money Factor)
- Taxes
| For a FREE detailed explanation and tips on how to calculate your lease payment, download our informational lease guide |
In order to understand the role all three of these factors play in determining your payment, please download our FREE informational lease guide that provides more detail. In the meantime, here is a quick explanation.
The Depreciation of your lease is the amount of value that is lost in the vehicle during the time that you own the vehicle. So if you lease a Audi for 36 months, the car will lose value during that time. You must pay for that loss of value as part of your lease payment.
Your interest payment is (also known as the "money factor") is the amount of interest that is charged on the money you are borrowing. Remember that the leasing company is purchasing the ENTIRE vehicle on your behalf, so you owe them for the entire purchase amount during the time interest is accruing, not just the depreciation amount!
Taxes are simply what your state charges for you to use your vehicle. They are typically built into the monthly payment.
Once you add these three factors into your lease, you will know exactly what your monthly payment will be.
| Have we mentioned that we explain all of this in our FREE guide? Download the guide here |
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