Car Lease Calculator
Compute a car lease payment the way dealers do — depreciation plus finance charge from the money factor — so you can check the quote before signing.
Monthly lease payment
—
Depreciation part —
Finance part —
Equivalent APR —
Excludes sales tax and fees, which vary by state; some states tax the payment, others the full price.
✉ Email me this result
</> Embed this calculator
Paste this into any website or blog post. It is free — the small "powered by" link must stay visible.
How it works
Payment = (cap cost − residual)/term + (cap cost + residual) × money factorFrequently 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.