Auto Lease Calculator
Monthly car lease payment breakdown.
Enter your values
Enter the negotiated price in $.
Enter the down payment in $.
Enter the residual value in %.
Enter the money factor you are working with.
Enter the lease term in months.
Enter the sales tax in %.
Results update instantly as you type — no submit needed. Your values are remembered on this device, and the shareable link reopens the calculator with exactly these numbers.
- Monthly payment (with tax)
- $467.37
- Depreciation portion
- $341.11
- Rent charge portion
- $95.68
- Equivalent APR
- 4.44%
- Total lease cost
- $18,825.27
Quick answer
A lease payment is depreciation plus a rent charge; both depend on the negotiated price and the residual value at lease end.
Payment = (Cap cost − Residual)/months + (Cap cost + Residual) × MF
At a glance
| What it does | Monthly car lease payment breakdown. |
|---|---|
| Category | Finance |
| Inputs needed | Negotiated price, Down payment, Residual value, Money factor, Lease term, Sales tax |
| Main output | Monthly payment (with tax) |
| Formula | Payment = (Cap cost − Residual)/months + (Cap cost + Residual) × MF |
| Cost | Free — no sign-up, no download |
How to use the Auto Lease Calculator
- 1Enter the price you negotiated, not MSRP.
- 2Enter the residual percentage from the lease sheet.
- 3Enter the money factor (multiply by 2400 for APR).
Inputs explained
- Negotiated price($)
- Enter the negotiated price in $.
- Down payment($)
- Enter the down payment in $.
- Residual value(%)
- Enter the residual value in %.
- Money factor
- Enter the money factor you are working with.
- Lease term(months)
- Enter the lease term in months.
- Sales tax(%)
- Enter the sales tax in %.
Worked example
Using the values the calculator loads with:
Inputs
- Negotiated price34000 $
- Down payment2000 $
- Residual value58 %
- Money factor0.00185
- Lease term36 months
- Sales tax7 %
Results
- Monthly payment (with tax)$467.37
- Depreciation portion$341.11
- Rent charge portion$95.68
- Equivalent APR4.44%
- Total lease cost$18,825.27
Frequently asked questions
What is a good money factor?
Divide by 2400 to get APR — under 0.0021 (about 5%) is competitive for strong credit.
Should I put money down on a lease?
Usually no: a down payment is lost if the car is totalled early.
What do I need to enter into the Auto Lease Calculator?
Just 6 values: negotiated price, down payment, residual value, money factor, lease term, sales tax. Every field starts with a realistic example, so you can change one number at a time and watch the result update instantly.
How does the Auto Lease Calculator work out the answer?
A lease payment is depreciation plus a rent charge; both depend on the negotiated price and the residual value at lease end. It applies the formula Payment = (Cap cost − Residual)/months + (Cap cost + Residual) × MF and shows the working so you can check each step by hand.
Is the Auto Lease Calculator free, and do I need an account?
It is completely free with no sign-up, no download and no usage limit. Everything is calculated in your browser, so the numbers you type never leave your device.
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.