🚙 Car Lease Calculator
A lease payment pays for the car's expected loss in value plus a finance charge. Enter the numbers from a dealer quote to check it.
How the Car Lease Calculator works
Depreciation is the adjusted price minus the residual value, spread over the term. The finance charge uses the money factor. Sales tax is added to the monthly payment, as in most US states.
Step-by-step calculation
- 1Enter price, down payment, MSRP and residual %.
- 2Enter the money factor, term and tax rate.
- 3Add the depreciation fee and the finance fee.
- 4Add sales tax to get the monthly payment.
Worked example
A $35,000 price with $2,000 down, MSRP $36,000, 58% residual, money factor 0.0025, 36 months and 6% tax: about $336.67 depreciation + $134.70 finance = $471.37, or $499.65 with tax.
Car Lease Calculator examples
| Negotiated price ($) | Monthly lease payment |
|---|---|
| 26,250 | $218.82 / month |
| 35,000 | $499.65 / month |
| 43,750 | $780.48 / month |
| 52,500 | $1,061.30 / month |
Other inputs kept at the calculator's default values. Results calculated by this calculator.
Why use a Car Lease Calculator?
Check a dealer's lease quote and spot hidden costs.
Important factors that can affect your results
- Mileage limits and over-mileage fees.
- Acquisition and disposition fees.
- How your state taxes leases.
Frequently asked questions
What is a money factor?
It is the lease interest rate written differently. Multiply by 2,400 to get an approximate APR — 0.0025 is about 6%.
What is the residual?
The value the leasing company expects the car to have at the end, usually a percentage of MSRP.
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Last reviewed November 2026 · How we build and check our tools · Report a problem