Car Lease Calculator

Work out a monthly lease payment the way dealers do: depreciation plus rent charge, plus tax.

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Enter a money factor like 0.00125, or an APR like 3 (it’s converted: APR ÷ 2,400).
Amounts in dollars.
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Monthly payment
Depreciation charge
Rent (finance) charge
Tax
Equivalent APR
Residual value
Total lease cost
Work

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How a Lease Payment Is Calculated

Depreciation = (net cap cost − residual) ÷ months
Rent charge = (net cap cost + residual) × money factor   APR ≈ money factor × 2,400
Payment = (depreciation + rent charge) × (1 + tax rate)

Net cap cost = negotiated price + fees rolled in − down payment − trade-in.

Worked Example

Tips

Many states tax the monthly payment (as here), but some tax the full price or the down payment; check your state. Mileage limits and excess-mileage charges (often 15–25¢ a mile) aren’t included.