Auto Lease Calculator
Lease math is three lines: depreciation you consume, rent charge on money used, plus tax. Enter deal terms to see the payment and effective rate.
Monthly lease payment
$587.67
- Depreciation portion
- $406.67
- Rent charge (interest)
- $142.56
- Effective APR
- 5.4%
- Total of all payments
- $21,156.21
Residual $24,360.00 — what the car must be worth at turn-in.
How the Auto Lease Calculator works
The calculation follows the standard method used across the US — no shortcuts, no hidden assumptions. Here is exactly what happens behind the scenes:
Formula
Monthly = (CapCost − Residual)/term + (CapCost + Residual)×MF, then × tax
Frequently Asked Questions
Money factor → APR?
Multiply MF by 2400. A 0.00250 MF equals 6% APR. Dealers sometimes quote only MF — convert before comparing.
What's due at signing?
First payment, acquisition fee, DMV/doc costs, plus any capitalized-cost reduction you choose. Cap reductions lower payments but expose cash to loss if the car is totaled early.
Related Calculators
Lease Calculator
Compute operating or finance lease payments on equipment and property, comparing lease vs buy economics.
Financial
Auto Loan Calculator
Estimate your monthly car payment including sales tax, fees, trade-in value, and down payment.
Financial
Cash Back or Low Interest Calculator
Compare manufacturer cash-back rebates against subsidized low-APR financing and see which saves more over the loan.
Financial