Car Lease Calculator
Enter the information you have for car Lease in the Car Lease. The explanation below the tool helps you check the method and its limits.
Monthly lease payment
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Depreciation part —
Finance part —
Equivalent APR —
Excludes sales tax and fees, which vary by state; some states tax the payment, others the full price.
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How it works
Payment = (cap cost − residual)/term + (cap cost + residual) × money factorHow to use the Car Lease
Enter the requested values and start with one realistic example. Read the result together with its unit or label, then change one input at a time if you want to compare options.
Use the result as a planning estimate. Rates, fees, rules and personal circumstances can change the final figure.
Frequently Asked Questions
How is a lease payment calculated?
Two parts: depreciation, (capitalized cost − residual value) ÷ months; and the finance charge, (cap cost + residual) × money factor. A $35,000 car with a $21,000 residual over 36 months at 0.0025 money factor runs about $529/month before tax.
What is a money factor?
The lease world's interest rate: multiply by 2,400 to get the approximate APR (0.0025 ≈ 6%). Dealers rarely volunteer it — always ask.
What is residual value?
The car's predicted worth at lease end, set by the leasing company as a percentage of MSRP. Higher residuals mean less depreciation to pay and lower payments — a key reason some brands lease cheaply.