📌 Overview

Estimate a car lease monthly payment from vehicle price, down payment, residual value, term and money factor (or APR).

🚗 Car Lease Payment Calculator

Estimate a car lease monthly payment from vehicle price, down payment, residual value, term and money factor (or APR).

Vehicle price ($)

Down payment ($)

Residual value ($)

Term (months)

APR (%) — converts to money factor

🔒 All processing happens in your browser. No data is uploaded to any server.

📋 How to Use

Enter the vehicle price (MSRP or negotiated price).
Enter down payment and the residual value at lease end.
Enter term in months and the money factor (or APR).
Click Calculate to see the monthly payment.

❓ FAQ

What is residual value?

The estimated worth of the car at the end of the lease, set by the leasing company. A higher residual lowers your monthly payment because you only finance the depreciation.

Money factor vs APR — what is the link?

Money factor × 2400 ≈ equivalent APR. If a dealer quotes APR on a lease, divide by 2400 to get the money factor.

Why is my lease payment split into two parts?

Part 1 covers depreciation (price − residual over the term); part 2 is the finance/rent charge on the average capitalized cost.

❓ More Questions

What is residual value?

The leasing company’s estimate of the car’s worth at the end of the lease. A higher residual means less depreciation to amortise, so your monthly payment is lower.

How do I convert money factor to APR?

Money factor × 2400 ≈ the equivalent APR. If a dealer quotes APR on a lease, divide by 2400 to get the money factor.

💡 Use Cases

🚗

New car shop

Compare lease vs buy.

📊

Budget

Know the monthly hit.

🤝

Negotiate

Spot a bad money factor.

🔗 Related Tools

📖 Deep Dive: Car Lease Payment Calculator

What makes up a lease payment

A lease payment is the sum of two parts: depreciation + rent charge.

Depreciation fee

(Net capitalized cost − residual value) ÷ lease term in months. Net capitalized cost = vehicle price − down payment (and other reductions).

Rent charge

(Net capitalized cost + residual value) × money factor. Money factor = APR ÷ 2400.

Example

Price 30,000, down 3,000, residual 18,000, term 36 months, money factor 0.0025:

depreciation = (27,000 − 18,000)/36 = 250; rent = (27,000 + 18,000) × 0.0025 = 112.5; payment ≈ 362.5.

Notes

Real leases also include tax, fees, mileage limits and over-mileage charges

Taxes vary widely by state/region

For reference only