Car Lease Calculator

Lease payments are based on the vehicle's depreciation during the lease term plus a finance charge. You pay for the portion of the car's value you use, not the whole vehicle. The money factor (similar to interest) and residual value (predicted end value) determine your payment.

1. 1

   Enter Vehicle Price

   Input MSRP and negotiated cap cost (selling price)

2. 2

   Set Lease Terms

   Enter lease duration (typically 24, 36, or 48 months)

3. 3

   Enter Money Factor

   Input the money factor (multiply by 2400 to get approximate APR)

4. 4

   Set Residual Value

   Enter residual percentage (typically 50-60% for 3 years)

• 1

  Negotiate the cap cost (selling price) just like you would when buying

• 2

  Higher residual values mean lower monthly payments

• 3

  Money factor times 2400 equals approximate APR for comparison

• 4

  Consider total cost over lease term, not just monthly payment

• 5

  Watch for excess mileage and wear charges at lease end

• Not negotiating the selling price (cap cost) before discussing payments

• Choosing lease terms longer than the warranty period

• Underestimating mileage needs and facing excess mileage fees

• Ignoring wear and tear guidelines that can result in end-of-lease charges