Car Calc Pro

All of the information mentioned in "doesn't ask for enough info..." is included on the purchase screen. Enter the info there, and the loan amount at the end is the amount of the capitalized lease. This separates all of those fees so you are just left with the amount you need to borrow. Then borrow that amount through a loan or lease. That is what you need to compare.

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Be careful on this app. The Lease versus buy comparison is not correct if you simply rely on the input fields. When you enter your loan info, it asks for your sales tax rate and then calculates this as an additional amount needed for your loan. On the Lease Payment there is NO mention of monthly sales tax amount. Guess what, when you lease you still have to pay sales tax, just on your monthly amount versus the entire purchase. I can foresee someone saying that all you have to do to account for this is include the monthly tax amount as part of your monthly payment, however NOT true. If you do this, it substantially throws off your money factor. I looked for an email to tell the developer about this but could not find it. If the developer simply includes the sales tax as a separate line item in the lease payment so a true apples to apples comparison can be made, I will definitely move this to 4+ stars, until then, beware. If you want to get some sort of apples to apples comparison, do NOT include sales tax in your loan calculation and BE sure to request the dealer gives you your monthly payment quote (without TAX) which is what they normally do to you to make the payment seem lower than it is. PLEASE fix this comparison error. Until this is fixed, the lease will seem better if you correctly input into the lease payment calculator the Money Factor Quoted by the dealer.

This application is really what every buyer needs to have, so that there is no shock about what things cost. I find that if you are in control of the numbers, you have much more of a chance of putting together the proper deal that best represents you. Great Application and an even better contribution to our society.

So far, the only app I found that allows you to factor in negative equity (when your car's trade-in value is worth less than you owe on it). This app really helped me determine what I could afford and what I wanted my deal to look like. I literally held up my iPhone and said, "match this and it's sold" and they did!

This is an excellent app to help make the process of buying a car (or leasing it) less daunting. It lays out the costs of both financing and ongoing in a clear concise way. Every new car buyer should arm themselves with this prior to walking into the car dealer.