Auto Lease Calculator – Monthly Lease Payment
Calculate monthly car lease payment with depreciation and finance charge breakdown.
🚗 Finance📐 Monthly = Depreciation + Finance Charge
Vehicle MSRP ($)
Negotiated cap cost ($)
Residual value ($)
Lease term (months)
Money factor
Down payment ($)
Please enter valid values.
Formula & Reference
| Variable | Formula | Units |
|---|---|---|
| Auto Lease Calculator – Monthly Lease Payment | Monthly = Depreciation + Finance Charge | $/month |
Step-by-Step Examples
Example 1
$35K MSRP, $33K Cap, $21K Residual, .0015 MF, $2K Down, 36mo
Standard lease.
- Monthly: ~$408 | 3yr total: ~$16,688
✓ ~$408/month
Example 2
No Down Payment
Same car, $0 down.
- Monthly: ~$464 | Total: ~$16,704
✓ ~$464/month
Example 3
Lease vs Buy
$35K car: 36mo lease $408/mo (own nothing) vs buy $35K (own car).
- Lease: lower payment. Buy: builds equity.
✓ Depends on goals
Real-World Applications
Car Shoppers
Calculate and compare lease payments.
Budget Planners
Lease vs buy cost analysis.
Dealers
Explain lease terms to customers.
Business Owners
Lease for business tax advantages.
Common Mistakes to Avoid
⚠️
Negotiating monthly payment only
Negotiate cap cost and money factor separately.
⚠️
Not understanding money factor
Money factor x 2400 = APR. .003 MF = 7.2% APR.
Frequently Asked Questions
Leasing vs buying? ▾
Leasing: lower payment, warranty coverage, new car every 3yr. Buying: equity, no mileage limits, cheaper long-term.
What is residual value? ▾
Projected car value at lease end. Higher residual = lower monthly payment. Set by manufacturer.
What is money factor? ▾
Lease equivalent of interest rate. Multiply by 2,400 for approximate APR.