I’m currently exploring car leases in Pennsylvania and I have some additional questions related to using the sales tax, MSRP, residual value, and interest to estimate monthly lease payments. Could someone guide me on how to calculate or use these figures to get a general idea of what my monthly payments should be? Specifically:
How does the sales tax affect the overall monthly payment? Is it added to the entire amount, including interest, or is it applied to specific components like depreciation only?
Are there any specific formulas or methods to incorporate MSRP, residual value, and interest into the calculation of monthly lease payments?
I’m hoping to better understand the factors that contribute to monthly payments so that I can make informed decisions and avoid overpaying on my car lease. Any advice or resources you can share would be greatly appreciated!