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Calculating Lease Payment on Prius II in NY

Discussion in 'Dealers & Pricing' started by woodman944, Aug 12, 2010.

  1. woodman944

    woodman944 New Member

    Joined:
    May 27, 2010
    4
    0
    0
    Location:
    Westchester County, NY
    Vehicle:
    Other Non-Hybrid
    Model:
    N/A
    I got the following quote from a NY dealer:

    $245/month for 3 year/12k lease or $259.20 for 15K lease on Prius II, with cargo mats and nothing else.

    Money factor is .00001 and residual percentage is 65% or $15,496. Selling price is $21,008 and MSRP is $23,840. I tried to calculate the monthly payment but I come up with $164.75 (not sure if I am including everything). My tax rate is $7.35%. What information as I missing.
     
    #1 woodman944, Aug 12, 2010
  2. stream

    stream Senior Member

    Joined:
    May 12, 2008
    2,977
    452
    14
    Location:
    Long Island, NY
    Vehicle:
    2010 Prius
    Model:
    V
    I've posted (several times) an excel spreadsheet that calculates lease rate. The input section shows all the important variables. Try a search if your interested.
     
    #2 stream, Aug 12, 2010
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