Lease Calculator
Estimate car lease payments, depreciation, finance charges, and total cost.
What is a Lease Calculator?
A lease calculator helps you estimate the monthly payment and total cost of leasing a vehicle. It breaks down depreciation, finance charges, and taxes so you can evaluate whether leasing fits your budget.
How to Use This Calculator
- Enter the vehicle MSRP and negotiated price.
- Add down payment and trade-in value.
- Input the residual value percentage.
- Provide either the money factor or APR.
- Set lease term and tax rate, then click Calculate.
FAQ
What is the money factor?
The money factor is a decimal representation of the lease finance rate. Multiply it by 2400 to get the approximate APR.
How is monthly depreciation calculated?
Depreciation is the difference between the net capitalized cost and the residual value, divided by the number of months in the lease.
Should I put money down on a lease?
A down payment lowers monthly payments but is often not recommended because you lose that money if the vehicle is totaled early in the lease.
What is a good residual value?
A higher residual value means lower depreciation and lower monthly payments. Residuals vary by make, model, and lease term.