Auto Lease Calculator
Monthly car lease payment breakdown.
Enter your values
Results update instantly as you type — no submit needed.
Results
- 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
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).
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.