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Car Lease Calculator
Estimate your monthly lease payment from price, residual value, term and money factor.
car's value at lease end
APR ÷ 2400; e.g. 0.00125 ≈ 3%
Monthly payment
—
Estimated lease payment.
| Depreciation | — |
|---|---|
| Finance charge | — |
| Tax | — |
| Total of payments | — |
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Enter your figures above to see the step-by-step working.
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How the Car Lease Calculator Works
A lease payment has two parts. Depreciation covers the value the car loses while you drive it: the price you agreed (minus any down payment) less its residual value at lease end, spread over the term. The finance charge is the leasing company’s interest, figured from the money factor times the sum of the adjusted price and the residual. Add sales tax and you have the monthly payment.
The money factor is just APR in disguise — multiply it by 2,400 to get the approximate interest rate (0.00125 ≈ 3%). A higher residual and a lower money factor both cut your payment, which is why they matter as much as the sticker price.
payment = (adj. price − residual) ÷ term + (adj. price + residual) × money factor
Frequently Asked Questions
How is a lease payment calculated?
It’s depreciation plus a finance charge. Depreciation is the price minus residual over the term; the finance charge is the money factor times the price plus residual. This calculator adds tax on top.
What is a money factor?
A lease’s interest rate in decimal form. Multiply by 2,400 for the approximate APR — 0.00125 is about 3%. Lower is better.
What is residual value?
The car’s predicted worth at the end of the lease. A higher residual means less depreciation to pay for, and a lower monthly payment.
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