Car Lease Calculator

Calculate monthly lease payments, money factor, and total lease cost.

Monthly Payment

$358.91

Pre-Tax Monthly Payment

$332.32

Monthly Tax

$26.59

Depreciation

$269.44

Rent Charge

$62.88

Total Cost

$15,920.58

What Is a Car Lease Calculator?

The Car Lease Calculator helps you estimate monthly lease payments, understand money factors, and compare leasing vs buying. Enter the vehicle's MSRP, negotiated price, down payment, residual value percentage, money factor, lease term, and tax rate to see your total monthly cost breakdown.

How to Use

Using the car lease calculator is simple:

  • Enter your values in the input fields
  • Click the calculate button
  • View your results instantly

Tips

  • Double-check your inputs for accurate results
  • This tool is for estimation - consult a professional for important decisions
  • Save your results for future reference

Frequently Asked Questions

What is a money factor in car leasing?+
The money factor is the lease equivalent of an interest rate, expressed as a decimal (e.g., 0.0025). To convert to APR, multiply by 2,400. A lower money factor means lower financing costs.
How is the monthly lease payment calculated?+
Monthly lease payment = (Depreciation + Rent Charge) × Tax. Depreciation = (Negotiated Price - Residual Value) / Term. Rent Charge = (Negotiated Price + Residual Value) × Money Factor.
What is residual value?+
Residual value is the estimated worth of the vehicle at lease end, set by the leasing company. It's typically 50-60% of MSRP for a 3-year lease. Higher residual means lower monthly payments.
Should I lease or buy?+
Leasing is better if you drive less than 15,000 miles/year, want lower monthly payments, and prefer driving a new car every 2-3 years. Buying is better if you drive a lot, plan to keep the car long-term, or want to build equity.
Can I negotiate the lease price?+
Yes. The negotiated price (cap cost) is negotiable just like a purchase price. Lower negotiated price means lower monthly payments. Research invoice prices and negotiate before discussing lease terms.
What fees are included in a lease?+
Typical lease fees include acquisition fee, disposition fee, excess mileage charges, and wear-and-tear fees. This calculator focuses on monthly payments. Ask the dealer for a complete fee breakdown.

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Car Lease Calculator — free online car lease, lease calculator, monthly lease, lease cost, money factor, residual value, capitalized cost, lease payment, car leasing, lease vs buy. No signup required. Works in your browser.