Auto Lease Calculator
Estimate monthly lease payments for a vehicle lease.
Calculator
Multiply APR by 2400 to get money factor
Monthly lease payment
$617.36
Depreciation cost
$17,500
Finance charge
$131.25
Total lease cost
$24,225
What is auto lease?
Leasing a car is essentially renting it long-term. This calculator estimates monthly lease payments based on vehicle price, residual value, money factor, and term.
Example
A $35,000 car with a 50% residual, 0.0025 money factor, and 36-month lease costs about $435/month before taxes and fees.
Money-saving tips
- •Negotiate the vehicle price before discussing the lease.
- •A lower money factor means a cheaper lease.
- •Watch out for mileage limits and excess wear charges.
Common mistakes
- •Putting a large down payment on a lease — you lose it if the car is totaled.
Financial definitions
- Residual value
- The car's estimated value at the end of the lease.
- Money factor
- A small decimal representing the lease's financing cost. Multiply by 2400 for APR.
Frequently asked questions
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Estimated reading time: 5 min