Documenting the Deal Worksheet for Purchase or Lease |
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Purchase Agreement
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Amount to Be Paid |
Lease Agreement |
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| Purchase Price | $ | $ | Capitalized-cost |
| Less: • Trade-in Allowance |
Less: • Trade-in Allowance |
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| • Rebate or other cash incentive | • Rebate or other cash incentive | ||
| • Down Payment (due on delivery) | • Down Payment (due on delivery) | ||
| • Deposit | • Deposit | ||
| $ | Equals: Capitalized-Cost Reduction | ||
| Less: Residual Value | |||
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| Equals: Amount to be financed by loan | $ | $ | Equals: Amount to be financed by lease |
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| Interest Rate (Enter Annual Percentage Rate) |
% | 0. | Money Factor (Enter four-digit decimal figure) |
_________ mm/dd/year _________ mm/dd/year |
Lease start date Lease termination date |
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| Loan Term (in months) | Lease Term (in months) | ||
| Compute: Monthly Purchase Payment | $ | $ | Compute: Monthly Lease Payment |
| Total Value of Payments (over duration of the loan) |
$ | $ | Total Value of Payments (over duration of the lease) |
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| Odometer reading (at time of purchase) |
Odometer reading (at time lease begins) |
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| Mileage allowance (over duration of the lease) |
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| $ | Disposition fee (amount due when lease ends) |
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| Delivery date | _________ mm/dd/year |
_________ mm/dd/year |
Delivery date |