Auto Lease Calculator
Estimate auto lease payment, residual value, tax, and total lease cost from lease assumptions.
Residual Value
Enter valid inputs
Base Lease Payment
Enter valid inputs
Payment With Tax
Enter valid inputs
Total Lease Cost
Enter valid inputs
Guide
How it works
Use this calculator to estimate an auto lease payment from MSRP, negotiated price, residual value, money factor, term, down payment, and tax.
What this calculator does
The auto lease calculator estimates base payment, payment with tax, residual value, and total lease cost.
Formula
Depreciation fee = (capitalized cost - residual value) / term
Finance fee = (capitalized cost + residual value) x money factor
Lease payment = depreciation fee + finance fee
How to use it
Enter the vehicle MSRP, negotiated price, residual percentage, money factor, lease term, down payment, and sales tax rate.
Common mistakes
- confusing APR with money factor
- comparing lease payment without down payment
- ignoring mileage and end-of-lease fees
FAQs
What is money factor?
Money factor is the lease financing charge. A rough APR estimate is money factor x 2400.
Explore more
More calculators in this topic
Continue exploring
Related calculators
Explore the next calculations most relevant to this topic.
auto-vehicle
Lease vs Buy Car Calculator
Compare the estimated cost of leasing a car with buying one over the same period.
auto-vehicle
Cost of Ownership Calculator (car)
Estimate total car ownership cost from payment, insurance, fuel, maintenance, registration, and depreciation.
auto-vehicle
Car Affordability Calculator
Estimate an affordable vehicle price from income, debts, down payment, rate, and loan term.