Car Lease Calculator

See your car lease payment — and the total cost of the lease — before you visit a dealership: the car's price drop, the finance charge and the tax, each shown on its own line.

1Car prices and money down.

2Residual, term, money factor and tax.

3See your monthly lease payment.

Live — updates instantly

Manufacturer suggested retail price — MSRP ($)

The sticker price on the car — the residual value below is a percentage of this price.

Negotiated price ($)

The price you actually agree with the dealer — you can negotiate this on a lease, just like a purchase.

Down payment ($)

Trade-in value ($)

Fees added to the lease ($)

Fees the dealer rolls into the lease, such as the lease acquisition fee.

Residual percentage (% of MSRP)

The residual value is what the car is expected to be worth when the lease ends — you pay for the drop in value, not the whole car.

Lease term

Money factor

The money factor is the lease's finance charge, written as a small decimal instead of a percentage.

Same charge as an annual percentage rate — APR (%)

Money factor and APR are the same charge in two forms: money factor = APR ÷ 2400. Change either one and the other follows.

Sales tax rate (% — applied to the monthly payment)

YOUR MONTHLY LEASE PAYMENT

$—

Residual value (MSRP × residual %)—

Adjusted capitalized cost—

Monthly depreciation (the value drop you pay for)—

Monthly finance charge—

Monthly tax—

Estimated amount due at signing (down payment + first payment)—

Estimated total lease cost (money down + all payments)—

How it is worked out: the adjusted capitalized cost is the negotiated price plus fees, minus your down payment and trade-in — it is the amount the lease is based on. Each month you pay one share of the drop from that amount down to the residual value, plus the finance charge, plus tax. How lease tax is handled varies by state — some states tax each monthly payment, others tax the full price up front — so check your state's rule. Estimate only — the leasing company's quote is the final word.

Buying instead of leasing? Try the Car Loan Calculator. Buying a home? See the Mortgage Calculator.