Car Lease Calculator

Your details

The manufacturer's suggested retail price, used to set the residual value. You negotiate the selling price separately.
The agreed purchase price before cap cost reductions. Negotiate this below MSRP to lower your payment.
Cash you pay upfront to reduce the amount financed. Note: money paid upfront is not refunded if the car is totalled.
Net equity you get from trading in your current vehicle. This reduces the adjusted cap cost.
Manufacturer or dealer rebates applied to reduce the cap cost.
The estimated value of the car at lease end, set by the lender as a percentage of MSRP. Higher residual = lower monthly payment. Typical range: 45-65 % for 36-month leases.
% of MSRP
24, 36, 39 and 48 months are the most common. Shorter terms usually have higher residuals.
months
The lease APR. Divide by 2400 to get the money factor. Manufacturer lease programs often advertise the money factor directly (e.g. 0.00246 = 5.9 % APR).
%
Local sales tax on the lease payment. Most US states tax each monthly payment rather than the full vehicle price.
%
Lender fee charged to set up the lease. Often $395-$895. Can sometimes be rolled into the cap cost.
When on, the acquisition fee is added to the cap cost and spreads across monthly payments. When off, it is paid upfront.
Fee charged at lease end if you return the car and do not lease or buy another from the same brand. Typically $300-$500.
Currency
Monthly Payment
$503.22

Total monthly lease payment including tax

Monthly (pre-tax)$463.79
Depreciation Fee$335.97
Rent Charge$127.82
Monthly Tax$39.42
Total of Payments$18,115.76
Total Lease Cost$20,465.76
Adjusted Cap Cost$32,045.00
Residual Value$19,950.00
Money Factor0.00246
Effective APR5.9%

Your estimated monthly lease payment is $503.22.

  • 72% of your pre-tax payment is depreciation, 28% is the rent (financing) charge.
  • Your residual value is $19950 (57.0% of MSRP). This is the buyout price if you purchase the car at lease end.
  • Over 36 months you will pay $20466 in total, including all fees. You own nothing at the end unless you exercise the purchase option.
  • Your money factor is 0.00246 (APR 5.9%). Dealer markups on the money factor are a common profit source - compare with the manufacturer's published rate.

Next stepTo reduce your payment, negotiate the selling price below MSRP, ask for a higher residual value, and compare manufacturer incentive rates before accepting the dealer money factor.

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