What is a money factor?

The interest rate of a lease written as a small decimal. Money factor × 2,400 ≈ APR, so 0.00208 is about 5%.

Is a big down payment on a lease a good idea?

Usually not. If the car is stolen or totaled early, the down payment is typically lost. Many people keep it small.

Can I negotiate a lease?

Yes. The price, money factor and fees are negotiable; the residual value is normally set by the lender.

Are these calculators free?

Yes. Every calculator is free with no sign-up. Clearly labeled ads keep it that way.

Calculations run in your browser. Share links put inputs in the URL, which can be read by anyone you send it to and is sent to the hosting server when opened. Avoid sharing sensitive numbers. Currency conversion requests public exchange rates.

How accurate are the results?

Results follow the formulas and assumptions shown, with normal rounding and numerical limits. Taxes, rates and health guidance can change, so treat these as estimates and confirm important decisions with a qualified professional.

Auto Lease Calculator

Your monthly lease payment, split into depreciation, finance charge and tax.

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Auto Lease Calculator

Monthly car lease payment and total cost

Auto price (negotiated)

Lease term

months

Rate given as

Interest rate

Residual value in

Residual value

% of price

Down payment

Cash incentives

Trade-in value

Amount owed on trade-in

Sales tax

Acquisition and other fees

Added to the capitalized cost.

Monthly lease payment

$609.31

For 36 months, tax included

Depreciation(Capitalized cost - residual) / term: $444.44
Finance charge (rent)(Capitalized cost + residual) × money factor: $125.00
Sales tax: $39.86
Capitalized cost: $38,000.00
Residual value55% of the price: $22,000.00
Money factor / APR: 0.00208 / 5%
Total of 36 payments: $21,935.00
Total lease costPayments plus down payment and trade-in equity: $24,935.00
Total finance charge: $4,500.00

Sales tax is charged on each monthly payment, as in most states. Some states tax the whole price upfront or tax the down payment too.

Monthly payment

Depreciation$444.44
Finance charge$125.00
Sales tax$39.86

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How the auto lease calculator works

A lease payment pays for the part of the car you use plus a finance charge. Depreciation = (capitalized cost - residual value) / months. The finance charge = (capitalized cost + residual value) × money factor. Sales tax is usually added to each payment.

The capitalized cost is the negotiated price plus fees, minus your down payment, incentives and trade-in equity. The money factor is the lease rate: multiply it by 2,400 to get an approximate APR.

The residual value is what the leasing company expects the car to be worth at the end, set as a percent of MSRP. A higher residual means a lower payment.

Using and checking your result

Published by JustYourCalculator. Check the units and assumptions above, and compare a known example before relying on the output. Calculations use browser arithmetic and may round displayed values.

This is an educational estimate, not a lender quote, tax filing calculation or investment recommendation. Actual costs depend on current rules, fees and your circumstances. Verify important decisions with official sources and a qualified adviser.

Share links may contain your input values. Anyone with the URL can read them; avoid sharing sensitive personal or financial information.