About Auto Lease Calculator
Understand exactly what you are paying for when leasing a car. Our calculator breaks down the monthly payment into depreciation and finance charges, so you can evaluate lease deals with confidence.
How Leases Work
A lease payment has two components: depreciation (the car's loss in value during the lease) and a finance charge (interest on the lease). The formula is: Monthly = (Negotiated Price - Residual) / Term + (Negotiated Price + Residual) × Money Factor.
Features
- Calculate monthly lease payment from key parameters
- Money factor to APR conversion
- Breakdown of depreciation cost vs. finance charge
- Total lease cost including drive-off fees
Free Auto Lease Calculator FAQ
What is a car lease money factor?
The money factor is the interest rate on a lease, expressed as a decimal. To convert to APR, multiply by 2400. For example, a money factor of 0.00125 equals an APR of 3%.
What is residual value in a lease?
Residual value is the estimated worth of the car at the end of the lease, expressed as a percentage of MSRP. Higher residual values mean lower monthly payments.
What is a good residual value percentage?
For a 36-month lease, a residual value of 50-60% is typical. Luxury cars tend to have higher residuals. Electric vehicles vary widely.
What fees should I expect in a lease?
Common fees include acquisition fee ($300-$900), disposition fee ($300-$500 at lease end), security deposit, and first month payment. Some are negotiable.