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author photo by Autotrader October 2007

Are you thinking about leasing a car? Read Leasing Basics for a high-level look at this payment method. If you're trying to decide between a lease and a loan, use the Lease vs. Loan Quiz.

But if you already know you want a lease, this worksheet can help you compare different options. Fill it out to avoid any of the surprises that can arise from the complex nature of leasing and use it to make an informed decision about which lease works best for you.

Lease Information  Lease 1  Lease 2  Lease 3
1. Vehicle - Make
- Model
- Trim Level Package
- Other
How much will you have to pay?
2. Vehicle price $ $ $
3. Amount due at signing $ $ $
4. Capitalized cost reduction (down payment) $ $ $
5. Additional up-front costs $ $ $
6. Acquisition fee $ $ $
7. Security deposit $ $ $
8. Trade-in and rebate amount $ $ $
9. Capitalized cost (amount financed) $ $ $
10. Residual value (worth of vehicle at end of lease) $ $ $
11. Monthly payment including taxes $ $ $
12. Interest rate (APR) $ $ $
13. Total finance charge $ $ $
14. Regular maintenance included ___Yes 

___ No
___Yes 

___ No
___Yes 

___ No
15. End of lease costs, including disposition fee $ $ $
What type of commitment is required?
16. Length of lease ____ months ____ months ____ months
17. End-of-lease purchase option ___Yes 

___ No
___Yes 

___ No
___Yes 

___ No
18. How is early termination payoff calculated (e.g., balance remaining minus the amount credited for the vehicle)?
19. Additional early termination fees ___Yes 

___ No
___Yes 

___ No
___Yes 

___ No
20. Total cost of early termination $ $ $
How many miles a year can you drive?
21. Mileage limit per year ____ miles ____ miles ____ miles
22. Cost of purchasing additional miles upfront $ $ $
23. Per mile fee if over limit $ $ $
How will your insurance be impacted
24. Insurance requirement for bodily injury to 1 person $ $ $
25. Requirement for injury to 2 persons per accident $ $ $
26. Requirement for property damage $ $ $
27. Max deductables allowed $ $ $
28. Gap protection provided ___Yes 

___ No
___Yes 

___ No
___Yes 

___ No
29. If no, cost of gap protection $ $ $
Lease summary
30. Reasons this lease may work for you
31. Reason this lease does not work for you

Leasing is ultimately a personal decision that must be based on your individual vehicle and financial needs. We encourage you to print this worksheet as one of many sources of information you use to arrive at the best leasing option.

Some information in this worksheet was derived from www.federalreserve.gov.


© 2007 AutoTrader.com, Inc. All Rights Reserved.
"AutoTrader.com" is a registered trademark of TPI Holdings, Inc. used under exclusive license.

This image is a stock photo and is not an exact representation of any vehicle offered for sale. Advertised vehicles of this model may have styling, trim levels, colors and optional equipment that differ from the stock photo.
Lease Worksheet - Autotrader