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LEMON LAW ATTORNEY

LEMON LAW BACKED UP BY 15 YEARS EXPERIENCE IN AUTO REPAIR INDUSTRY

LEMON LAW PRACTICE IN SAN JOSE, SANTA CLARA COUNTY, AND S.F. BAY AREA

THE LAW OFFICES OF MILFORD REYNOLDS
495 SOUTH PASTORIA AVE., SUNNYVALE, CALIFORNIA 94086
(408) 523-1430   FAX: (408) 523-1465

LEASE CALCULATOR

To determine what it will cost you for terminating your lease early you first need to determine your
depreciation rate. Enter the number of payments in your your adjusted capitalized cost, the number
of payments in your lease contract, and your monthly   payment.   Then enter "10.00000" for your first
calculation to determine your depreciation rate. When you press the CALCULATE button, numbers
for TOTAL DEPRECIATION and TOTAL DEPRECIATION will be displayed. MAKE the DEPRECIATION
RATE higher or lower until your contract's Depreciation and Total Rent are correct. You then can
accurately determine what it will cost you to terminate your lease early.

REMEMBER: You will have to use at least 5 decimal places in your DEPRECIATION RATE in order to
obtain your correct TOTAL DEPRECIATION and TOTAL RENT because the "Leasing Software" your
dealer used to determine your TOTAL RENT does the same thing.

ALL FIGURES ARE IN US DOLLARS ($$$$)

                                      DEPRECIATION RATE:  %

                     ADJUSTED CAPITALIZED COST:  (DO NOT USE ANY COMMAS)

                                  NUMBER OF PAYMENTS:

             ENTER YOUR MONTHLY PAYMENT:  (REMEMBER TO USE THE BEFORE TAXES FIGURE!)

                   YOUR TOTAL DEPRECIATION IS:

                                      YOUR TOTAL RENT IS:

You will need to have some idea as what your vehicle's current resale or market value is in order to
determine what it will cost to terminate your lease early. Look at Kelly Blue Book and your local auto
sales publications to get an ideal of what this figure will be. You might even want to pay a visit to the
dealership where you leased and see what their used car lot is selling vehicles similiar to yours for.
Your vehicle's "REALIZED VALUE" will determine what it will cost you to terminate the lease early
compared to what it would cost you to pay off the remainder of the lease.

                                                      LOAN MONTH:

                                                REALIZED VALUE:

                               ACCRUED DEPRECIATION:

                           REMAINING DEPRECIATION:

                                                          YOU PREPAY: IF YOU WANT TO TERMINATE YOUR LEASE EARLY

                                       YOU CURRENTLY OWE: ON THE REMAINER OF YOUR LEASE

                         IT WILL COST YOU AN EXTRA: TO TERMINATE YOUR LEASE EARLY


IF THIS IS A NEGATIVE NUMBER EARLY LEASE TERMINATION IS CHEAPER


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