Finance Calculators

Car Lease Calculator

Estimate your monthly car lease payment from the vehicle price, residual value, money factor and lease term.

Negotiated vehicle price

Residual value at lease end

Down payment (cap cost reduction)

Money factor

Lease term

months

Monthly lease payment —

Total cost of lease —

About the Car Lease Calculator

A car lease payment has two parts: a depreciation fee that covers the value the car is expected to lose, and a finance fee (based on the "money factor") that's essentially interest on the lease.

Formula: Monthly Payment = [(Cap Cost − Residual Value) ÷ Term] + [(Cap Cost + Residual Value) × Money Factor]

To compare a money factor to a familiar interest rate, multiply it by 2400, for example, a money factor of 0.0025 is roughly equivalent to a 6% APR.