Auto Lease Calculator
Estimate your car lease payment and total cost from MSRP, negotiated price, residual, and money factor.
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What is an Auto Lease Calculator?
An auto lease calculator breaks down your lease payment into depreciation and finance charges. It helps you understand the real cost of leasing and compare dealer offers using the money factor and residual value.
How to Use This Calculator
- Enter the vehicle's MSRP and your negotiated selling price.
- Input any down payment and trade-in value.
- Enter the residual percentage and money factor from the dealer.
- Specify the lease term and your local sales tax rate.
- Click Calculate to see depreciation, finance charge, and monthly payment.
Frequently Asked Questions
What is a money factor?
The money factor is a small decimal used to calculate the lease finance charge. Multiply it by 2400 to estimate the approximate APR.
Should I put money down on a lease?
A down payment reduces your monthly payment, but if the vehicle is totaled you may lose that money. Some experts recommend $0 down leases.
What is the residual value?
The residual value is the estimated worth of the vehicle at the end of the lease. A higher residual means lower depreciation and lower payments.
Can I negotiate the money factor?
Yes. Dealers may mark up the money factor above the rate set by the leasing company. Knowing the buy rate helps you negotiate a fair deal.