Copyright: Copyright Steven Hodorov 1995
Citation: Copyright Steven Hodorov 1995


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Lease Consultant - Help   UNREGISTERED

 This is an UNREGISTERED copy of  Lease Consultant.  For registeration information pick REGISTER from the contants manu.

•REGISTER
•Incentives To Register

The easiest way to understand this program is with an example.

Example: Lexus ES300

The MSRP was posted on the car window in the delaership.

The Price was obtained this way:
Invoice for the car with all options desired:  $28,700 + Dealer profit for a high line luxury sedan: $1000 to $1500 = Price reached after some haggling: $30,050.

This particular person decided he did not want to pay a Down Payment.

The Residual is 56% of M.S.R.P. for a 36 month lease with 15,000 miles a year (this figure is supplied by dealer or the leasing bank).

The Money Factor was also supplied by dealer (or the leasing bank).

The Term is 36 months (3 years).

Again, in this particular case the person decided to have the Tax on the car included in the lease payment, rather then pay it all upfront.


MSRP
M.S.R.P.

The M.S.R.P. is the Manufacturers Suggested Reatail Price.
  Remember that M.S.R.P.  is only a SUGGESTED price, and you should never be expected to pay M.S.R.P. for a car, or to base a lease on that figure.  When leasing it is important to know the Price of the car and base the lease on that. When you lease a car, the dealer sells the car to the bank which then leases it to you. Thus, a lease sale-price should not be any greater than an outright sale-price.

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Down
Down Payment.

The down payment is also known as a Capital Cost Reduction, or  Cap Cost. It is a fancy term for the money put down toward the lease to lower the monthly payments.

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Price
Sale Price

Price should not be confused with the M.S.R.P. The "price", as it is in the program, is the price of the car if the dealer was to sell it. The price can be obtained by negotiating with the dealer (read: haggling), or from any dealer invoice publication. When using a dealer invoice publication, remember that you must acount for dealer profit. A good rule of thumb is a minumum of  $100 over invoice to $1500 over invoice.  If the dealer tries to avoid negotiations by stating that the car will be leased and not purchase, remind him that he  is really selling the car to the bank! You should not be expected to pay more for a lease than for a purhase.

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Residual

The residual is what your car will be worth at the end of the lease. It is usually represented as a percent of M.S.R.P.
By leasing you only pay for the depriciation of the car (plus interst). Thus, the higher the residual the lower your lease payment will be.

Lease Consultant gives you the option of entering the Residual either a percent or or a dollar amount.

  Click on the % sign to enter a percent value, or click on the $ sign to enter a dollar amount. When changing from the percent option (%) to the dollar amount option ($) Lease Consultant will automatically calculate the dollar amount represented by the percent (M.S.R.P. * percent = Dollar amount), but not vice-versa (read note).

NOTE:  Once you enter the percent value it remains constant. Thus, changing from the dollar amount ($) option to the percent (%) option will cause Lease Consultant to bring up the last percent value that was manully entered. It does not calculate what percent of the M.S.R.P. that dollar amount represents.  This is done because the residual given by the bank is a constant, and never changes with fluctuations in the M.S.R.P. or sale price.

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Money Factor
Money Factor/Interest

  Click on Money Factor to enter the interest rate as a Money Factor. The Money Factor is a fraction in the form of .00### (e.g. .00410, .00256) that represents the banks interest rate in the lease formula. Click on Interest to enter the interest rate in a percent form.

Lease Consulatant will automaticaly convert from percent form to Money Factor form and vice-versa, when you click the respective option buttons.

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Term
Lease Term

The term is the leangth of the lease in months.

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Tax

Your state's tax applicable to car leases.

When this option is enabled, tax on the lease is included in the monthly lease paymnet. Doing this will reduce your upfront fees but will increase your monthly payment.  Remember that if you decide to include the tax in the monthly lease payment you will incure interest charges on the tax sum.

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Register
Registering Lease Consultant

To Register Lease Consultant send :

• Your name

• Your address

• Any suggestions you may have

• Prefered disk type (3.5 or 5.25)

• Cheque or money order for $24.95 payable to Steven Hodorov

• The version number of Lease Consultant you are currently using

to the following address :

Steven Hodorov

1689 East 54th Street

Brooklyn, NY  11234

USA

Copyright Steven Hodorov 1995

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Incentives To Register

Top five reasons why you should register the Shareware:

5   This shareware is not cripled in any way (it has no annoying beeps, delays or random keys to press) The evaluation copy is fully useful.

4   Registering is just the right thing to do. Your registration will encourage me to release other programs as shareware.  This will also encourage me to release a new edition of this program with more features.

3   Your registration does make a difference.  Each individual registration is personally appreciated.

2  Once this software is registered you will be notified of new revisions and you will be able to download new versions and register the upgrades at no additional cost for the life of the product.

1   Upon registering Lease Consultant, you will recieve a copy of Lease Consuatnat Pro.
Lease Consultant Pro can calculate the real price being charged, from the lease payment offered by the dealer. This way you can easily tell if the lease is really a great deal (if the price represents minimum profit over dealer invoice), or a real rip off (if its close to M.S.R.P.).

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