Lease Calculator

Estimate a monthly lease payment from MSRP, residual, and money factor.

Interactive calculator
$
$
%

× 2400 ≈ APR

mo
$
Result
Monthly payment
Before tax
$480
Residual value
$23,200
Equivalent APR
5.04%
What it is

A car lease has two parts: depreciation (you pay for the value the car loses) and a finance charge (the dealer's profit on the money you're effectively borrowing).

The formula

Depreciation = (cap cost − residual) ÷ months Rent charge = (cap + residual) × MF Monthly = depreciation + rent charge

Why it matters

Understanding lease calculator helps you make a better-informed decision before you commit money or time.

Worked examples

Try the example

Use the defaults above as a starting point — then adjust the inputs to match your situation.

Common pitfalls
  • Double-check the units on every input — most errors come from mixing units.
  • Round at the end, not in the middle of the formula.

Frequently asked questions

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