🚙 Auto Lease Calculator
Leasing a car means paying for the slice of value you use, plus a finance charge on the capital involved. Dealers quote a monthly figure, but you should always verify it from the raw inputs.
Enter the vehicle price, lease term, residual percentage, money factor and down payment. The calculator builds the payment from depreciation and finance charge, then totals the full cost of the lease.
How to use this calculator
Enter the vehicle price, lease term, residual percentage, money factor and down payment to get the monthly auto lease payment and total lease cost.
- Type the Vehicle price.
- Set the Lease term in months.
- Enter the Residual value percentage and the Money factor.
- Add the Down payment and press Calculate.
Frequently asked questions
What does this lease calculator return?
The monthly lease payment split into depreciation and finance charge portions, plus the total cost of the lease including your down payment.
Can you work an example?
A $35,000 car leased for 36 months with a 58% residual, 0.0018 money factor and $3,000 down costs about $419.14 a month, or $18,089 in total.
How does leasing compare with buying?
Leasing usually gives a lower monthly payment but no ownership at the end, while buying costs more monthly but builds equity, so compare total cost over the same horizon.
What is the money factor again?
The lease's interest rate in disguise. Multiply it by 2400 to approximate the equivalent APR and sanity-check the deal.