1. What is Walmart Lease To Own?

Walmart's lease to own program allows customers to lease a car with the option to purchase it at the end of the lease term. This calculator helps estimate your monthly payments based on key lease factors.

2. How Does the Calculator Work?

The calculator uses these lease to own formulas:

Where:

• \( Dep \) — Depreciation ($/month)
• \( Fin \) — Finance fee ($/month)
• \( MP \) — Monthly payment ($)
• \( CC \) — Capitalized cost ($)
• \( RV \) — Residual value ($)
• \( T \) — Term (months)
• \( MF \) — Money factor (decimal)

Explanation: The formula calculates the monthly cost of depreciation plus the finance charge to determine your total monthly payment.

3. Importance of Lease Calculation

Details: Understanding your lease terms helps you budget effectively and compare different lease offers to find the best deal for your situation.

4. Using the Calculator

Tips: Enter the capitalized cost (vehicle price), residual value (estimated value at lease end), lease term in months, and money factor (provided by dealer). All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is capitalized cost?
A: This is the negotiated price of the vehicle plus any additional fees or items you're financing.

Q2: How is residual value determined?
A: The leasing company estimates the vehicle's value at lease end based on make, model, and mileage.

Q3: What is money factor?
A: This is the lease's interest rate expressed as a decimal. Multiply by 2400 to convert to approximate APR.

Q4: Are there other fees not included?
A: Yes, this doesn't include taxes, registration, or acquisition fees which may be due at signing.

Q5: Can I negotiate lease terms?
A: Yes, you can negotiate capitalized cost, money factor, and sometimes residual value.