Free Auto Lease Calculator - Calculate Your Lease Payment
Calculate car lease payments including depreciation, money factor, taxes, and fees. Compare leasing vs buying to make the best decision.
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 about Auto Lease Calculator:
- 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
Why Use Our Auto Lease Calculator?
Complete lease analysis:
Lease Payment Calculator
Calculate exact monthly lease payments.
Lease vs Buy Comparison
Compare leasing to financing purchase.
Total Cost Analysis
See the full cost of leasing over the term.
Money Factor Converter
Convert money factor to APR equivalent.
Instant Results
Get calculations immediately.
Private
Your data stays on your device.
How to Auto Lease Calculator in 3 Easy Steps
Calculate your lease:
Enter Vehicle Details
Input MSRP, negotiated price, and down payment.
Add Lease Terms
Enter residual value, money factor, and lease length.
View Results
See monthly payment and total lease cost.
Why Use Our Lease Calculator?
Understand lease costs
Negotiate better deals
Compare lease options
Make informed decisions
Common Use Cases for Auto Lease Calculator
Perfect for:
Frequently Asked Questions
Everything you need to know about our auto lease calculator
How is a lease payment calculated?
Depreciation + finance charge + tax, based on cap cost, residual, and money factor.
Lease payment = (Depreciation + Finance Charge) + Tax. Depreciation is the difference between cap cost and residual value divided by term. Finance charge uses the money factor.
What is money factor in leasing?
Lease interest rate - multiply by 2400 to convert to APR.
Money factor is the leasing equivalent of interest rate. Multiply by 2400 to get approximate APR. Lower money factor means lower financing costs.
Is leasing better than buying?
Depends on your needs - leasing for lower payments, buying to build equity.
Leasing offers lower payments and new cars every few years but you never own the car. Buying costs more monthly but builds equity. Our calculator helps compare both options.
Still have questions? Try the tool yourself!
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