Q:

How do you use a lease calculator to determine your Audi A4 payments?

A:

Quick Answer

Use the lease calculator at Edmunds.com by entering a ZIP code to determine local pricing and rates, selecting an Audi A4, entering down payment and trade-in information, and listing lease financing details, says Edmunds.com. The particular information that a lease calculator provides varies according to interest rates and prices.

Continue Reading
How do you use a lease calculator to determine your Audi A4 payments?
Credit: Westend61 Getty Images

Full Answer

Enter a make and model, such as Audi A4, or submit a particular price, along with all fees and incentives, to begin calculating monthly payments, explains Edmunds.com. If applicable, supply the calculator with information about a trade-in, such as its value and any amount still owing on it. Enter the down payment, which applies to any amounts due at lease signing. Fill in the financing details, which normally include the leasing period, the vehicle's residual value, the interest rate, the annual estimated mileage, and the acquisition fee. Although the dealer or lender may require a security deposit, this deposit does not factor into the financed amount or the monthly payment.

The monthly payment figure that an online calculator provides is only an estimate; variable local taxes and dealer fees also affect the payment, notes Edmunds.com. Use a lease calculator to obtain an estimate, and then shop for lease quotes from several dealers. Check for available rebates and incentives from manufacturers.

Learn more about Buying & Selling

Related Questions

Explore