Auto Lease Calculator
Auto Lease Calculator
Lease Results
Vehicle Details
Lease Terms
Monthly Payment Breakdown
Lease Formulas Used:
Money Factor: Interest Rate ÷ 2400
Depreciation Cost: (Negotiated Price - Residual Value) ÷ Lease Term
Finance Cost: (Negotiated Price + Residual Value) × Money Factor
Monthly Payment: Depreciation Cost + Finance Cost - (Down Payment ÷ Lease Term)
Important Notes
- Residual value is typically 50-60% of MSRP for 36-month leases
- Money factor of 0.00125 equals 3% interest rate
- Monthly payment doesn't include taxes, registration, or other fees
- Actual lease terms may vary by dealer and credit score
Overview
Comprehensive auto lease calculator for analyzing car leasing options and comparing with buying. Calculate monthly lease payments based on vehicle price, residual value, money factor, and lease terms. Perfect for understanding the true cost of leasing versus buying a vehicle.
About
Auto Lease Calculator
Comprehensive auto lease calculator for analyzing car leasing options and comparing with buying. Calculate monthly lease payments based on vehicle price, residual value, money factor, and lease terms.
Features:
- Calculate monthly lease payments
- Residual value calculations
- Money factor to APR conversion
- Lease vs buy comparison
- Copy results functionality
- Reset and clear options
FAQ
What is money factor in auto leasing?
Money factor is the lease equivalent of an interest rate. To convert to APR, multiply by 2400. For example, a money factor of 0.00125 equals 3% APR.
What is residual value?
Residual value is the estimated value of the vehicle at the end of the lease term, typically expressed as a percentage of MSRP. Higher residual values mean lower lease payments.
How are lease payments calculated?
Lease payment = (Depreciation Cost + Finance Cost) - (Down Payment ÷ Lease Term). Depreciation is the loss in value, finance cost is interest on the vehicle's value.
What's included in my lease payment?
Our calculator shows the base lease payment. Actual payments may also include taxes, registration, and other fees not included here.
Should I lease or buy?
Leasing typically offers lower monthly payments and no ownership risk, while buying builds equity. Consider your driving habits, budget, and how long you keep vehicles.