Auto Lease Calculator
Compute your monthly lease payment using the money-factor method — depreciation + rent charge + tax.
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How it works
Monthly = (cap cost − residual) ÷ term + (cap cost + residual) × money factor. The first term is depreciation; the second is interest ('rent charge').
Frequently asked questions
What is the money factor?
It's how leases express interest. Multiply by 2400 to get the APR equivalent. MF = 0.0025 ≈ 6% APR.
What is residual?
The vehicle's projected value at lease end. Higher residual = lower depreciation portion = lower monthly payment.
Do I pay tax on the whole car?
Most US states tax each monthly payment (not the whole price) on a lease. Some tax the cap cost up front.
Is a bigger down payment good?
Not really — if the car is totaled, insurance pays residual to the lessor and you lose your down payment. Keep it small.
What's an acquisition fee?
A bank fee (typically $500–$1,000) charged at lease start. It's baked into total lease cost above.