Auto Lease Calculator

Calculate your car lease payment with money factor, residual value, and all fees. Compare lease costs and understand the true cost of leasing.

Lease Payment Summary

Monthly Payment

$594

Including tax

Total Lease Cost

$22,287

Over 36 months

Depreciation$467/mo
Rent Charge$86/mo
Equivalent APR3.00%
Buyout Price$28,058

Vehicle Price

$45,000
15,000150,000
$42,000
15,00045,000

You saved $3,000 (6.7% off MSRP)

Lease Terms

58% ($26,100)
3575

= 3.00% APR

Fees & Credits

7.5%
012

Monthly Payment Breakdown

Lease Calculation Details

MSRP$45,000
Negotiated Price (Gross Cap Cost)$42,000
+ Acquisition Fee$895
- Down Payment / Trade-In-$0
= Adjusted Cap Cost$42,895
- Residual Value (58%)$26,100
= Total Depreciation$16,795
Depreciation ÷ 36 months$467/mo
+ Rent Charge (interest)$86/mo
= Base Payment$553/mo
+ Sales Tax (7.5%)$41/mo
Total Monthly Payment$594

Total Cost Summary

Cost ComponentAmount
Monthly Payments (36 × $594)$21,392
Upfront Costs$895
Total Lease Cost$22,287
Cost Per Mile$0.62/mi

End of Lease Options

Return Vehicle

Return the car, pay any excess mileage/wear fees, walk away

Purchase Vehicle

Buy at residual value: $28,058 (+ tax)

Lease New Vehicle

Start a new lease, possibly with loyalty incentives

Excess mileage: $0 per mile over 36,000 total miles

Lease Payment Summary

Monthly Payment

$594

Including tax

Total Lease Cost

$22,287

Over 36 months

Depreciation$467/mo
Rent Charge$86/mo
Equivalent APR3.00%
Buyout Price$28,058

Quick Answer

To calculate a car lease payment, you need the vehicle price, residual value, money factor, and lease term. Our free calculator at practicalwebtools.com computes monthly payments by adding depreciation cost and finance charge, helping you understand the true cost of leasing.

Key Facts

  • Lease payment = Depreciation + Finance Charge + Tax
  • Depreciation = (Cap Cost - Residual Value) / Lease Term
  • Money factor × 2400 = approximate APR equivalent
  • Typical lease terms: 24, 36, or 48 months
  • Residual value typically 50-60% for 36-month lease
  • Lower money factor means lower financing cost

Frequently Asked Questions

Lease payments have two components: depreciation (the value the car loses during the lease) and rent charge (interest). Depreciation = (Cap Cost - Residual Value) / Months. Rent Charge = (Cap Cost + Residual) × Money Factor. Add sales tax to get your total monthly payment.
The money factor is the lease equivalent of an interest rate. To convert to APR, multiply by 2,400. For example, a money factor of 0.00125 = 3% APR (0.00125 × 2,400). Lower money factors mean less interest cost. Good credit typically gets money factors under 0.002 (4.8% APR).
Residual value is the car's predicted worth at lease end, expressed as a percentage of MSRP. Higher residual = lower payments because you're paying for less depreciation. Honda and Toyota typically have 55-65% residuals, while luxury brands may be 50-58%. This is set by the leasing company.
Generally, putting money down on a lease isn't recommended because if the car is totaled, you lose that down payment. However, drive-off fees (first month, DMV, etc.) must be paid. Some prefer zero-down leases and invest the savings instead.
Excess mileage charges apply at lease-end, typically $0.15-$0.30 per mile over your allowance. If you drive 15,000 miles/year but lease for 12,000, you'll pay for 9,000 excess miles over 3 years. It's often cheaper to buy extra miles upfront than pay at lease end.