Car Leasing Made Easy with Cartelligent

At Cartelligent, we simplify the car leasing process for drivers across California. Whether you’re a first-time lessee or a seasoned shopper, our team is here to guide you every step of the way. On this page, we’ll break down the ins and outs of car leasing, how to calculate a lease, and the pros and cons of leasing versus buying. Our goal is to help you make an informed decision and secure a great deal, without the hassle of negotiating with dealerships.

2019 Honda Odyssey Safety

What is a Lease?

A car lease is a contract that allows you to drive a new vehicle for a specified period, typically between 2 to 4 years, while making monthly payments. Unlike buying a car, you don’t own the vehicle at the end of the lease term. Instead, you return the car to the dealership, with the option to lease another new vehicle, purchase the one you’ve been driving, or walk away. Leasing is ideal for those who like to drive the latest models, prefer lower monthly payments, and don’t drive extensive distances. When you lease, you’re essentially paying for the vehicle’s depreciation—the difference between its value when new and its estimated value at the end of the lease term—plus taxes, fees, and interest.

Key Elements of a Lease:

  • Lease Term: The duration of the lease, typically ranging from 24 to 48 months.
  • Mileage Allowance: The maximum number of miles you’re allowed to drive during the lease term, usually between 10,000 to 15,000 miles per year. Exceeding this limit can result in additional fees.
  • Residual Value: The estimated value of the vehicle at the end of the lease term.
  • Money Factor: The interest rate on a lease, represented as a decimal.
  • Down Payment: An upfront payment that reduces your monthly payments.
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How to Calculate a Lease

Understanding how a lease is calculated can help you determine whether leasing is the best option for you. Here’s a breakdown of the key factors that go into calculating your monthly lease payment:

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Vehicle Price (Capitalized Cost)

This is the agreed-upon selling price of the vehicle. At Cartelligent, we negotiate with dealerships on your behalf to secure the a great price, ensuring your lease is based on a competitive starting point.

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Residual Value

This is the vehicle’s projected value at the end of the lease. The higher the residual value, the lower your monthly payment will be, since you’re only paying for the depreciation. For example, a vehicle with a high residual value will lose less value during the lease, meaning you pay less overall.

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Depreciation

Depreciation is the difference between the vehicle’s starting price and its residual value. This amount is divided over the lease term to calculate the portion of the vehicle’s value that you’ll be paying for each month.

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Money Factor (Lease Interest Rate)

This is the interest rate applied to the lease, expressed as a decimal. The lower the money factor, the lower your interest charges will be. Cartelligent can help you negotiate a favorable money factor.

Pros and Cons of Leasing vs. Buying

Both leasing and buying have distinct advantages and disadvantages. Understanding the trade-offs will help you determine which option is best for your situation.

How Cartelligent Can Help?

At Cartelligent, we understand that deciding between leasing and buying can be difficult. Our team of experts is here to guide you through the process, whether you’re looking for a lease with a low monthly payments or a purchase that fits your long-term plans. We handle all the negotiations with dealerships across California, ensuring you get competitive terms, whether leasing or buying. Our service saves you time, money, and the frustration of dealing with multiple dealerships.
When you choose Cartelligent, you’ll receive personalized advice tailored to your needs. We’ll break down the costs, explain your options, and ensure you’re comfortable with your decision. Let us take the stress out of car shopping, so you can enjoy the excitement of driving your new vehicle.
Ready to get started? Contact us today to explore leasing options and find the perfect car for your lifestyle!


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