Auto Lease Calculator
Estimate a car lease monthly payment from the negotiated price, residual value, money factor, term, and sales tax, with the depreciation and finance split.
Independently verified for accuracy
Calculator by Toolsloft ↗- Monthly payment
- $455.26
- Depreciation portion
- $297.22
- Finance portion
- $128.25
- Residual value
- $20,300.00
- Total lease cost
- $18,389.19
This calculator estimates a car lease payment from the price you negotiate, the residual value, and the money factor. Use it to check a dealer quote and to see how the depreciation and finance portions add up before tax.
How this is calculated
The monthly payment is the depreciation fee plus the finance fee, then taxed. Depreciation is the capitalized cost minus the residual, spread over the term. The finance fee is the capitalized cost plus the residual, times the money factor, which is the lease equivalent of an interest rate.
How to use
- Enter the MSRP and the price you negotiated.
- Enter the down payment, residual percentage, money factor, term, and sales tax.
- Read the monthly payment along with the depreciation and finance fees.
Examples
- $33k price, 58% residual, .0025 MF:
$455.26/mo - $48k price, 55% residual, 24 mo:
$716.33/mo
FAQ
- What is a money factor?
- The money factor is the lease version of an interest rate. Multiply it by 2,400 to get the approximate annual percentage rate. A money factor of 0.0025 is roughly a 6% APR.
- What is the residual value?
- The residual is the car projected worth at lease end, set as a percentage of MSRP. A higher residual means less depreciation to pay for, which lowers the monthly payment.
- Does the down payment lower the payment?
- Yes. A down payment (a capitalized cost reduction) lowers the amount financed and the monthly payment, but it is generally not refunded if the car is totaled early.