FINANCIAL · CAR LEASE

Car Lease Calculator

Calculate your estimated monthly car lease payment from MSRP, selling price, residual value, money factor, and lease term.

Vehicle Pricing

The price you negotiate with the dealer.

Acquisition fee, doc fee, etc. added to cap cost.

Lease Terms

Percentage of MSRP the car is worth at lease end. Shown in the lease offer.

Financing rate (e.g. 0.00156 ≈ 3.74% APR). Multiply by 2,400 to get APR.

Typical terms: 24, 36, or 48 months.

02 Monthly Payment
Estimated monthly lease payment
$403.53
for 36 months
Depreciation fee / mo$333.33
Finance fee / mo$70.20
Total payments over 36 mo$14,527.08
03 Lease Structure
Net cap cost$28,500.00
Residual value (55% of MSRP)$16,500.00
Equivalent APR3.74%

This estimate does not include sales tax, registration fees, or mandatory insurance. Actual payment may vary — confirm all terms with your dealer before signing.

About This Calculator

Estimate your monthly car lease payment by entering the vehicle's MSRP, negotiated selling price, residual value percentage, money factor, and lease term. Instantly see the depreciation fee, finance fee, and total payments over the lease — plus the equivalent APR.

How It Works

A lease payment has two components: a depreciation fee (the cost of using the vehicle over the term) and a finance fee (the cost of financing that depreciation). The depreciation fee is calculated by subtracting the residual value from the net cap cost and dividing by the lease term in months. The finance fee multiplies the money factor by the sum of the net cap cost and residual value. Your monthly payment is the sum of both fees (before tax).

The Formula

Monthly = (NetCap − Residual) / Term + (NetCap + Residual) × MF

NetCap
Net capitalized cost = selling price − down payment − trade-in + fees
Residual
Residual value = MSRP × (residual % / 100)
Term
Lease term in months (e.g. 36)
MF
Money factor (e.g. 0.00156 ≈ 3.74% APR)

Frequently Asked Questions

What is a money factor?
The money factor is the financing rate for a lease, similar to an interest rate for a loan. Multiply it by 2,400 to convert to an approximate APR. A money factor of 0.00156 equals roughly 3.74% APR.
What is residual value?
The residual value is the estimated worth of the vehicle at lease end, expressed as a percentage of MSRP. A higher residual means lower monthly payments because you're financing less depreciation.
Does this include taxes and fees?
No. This calculator provides a pre-tax estimate of the base monthly payment. Sales tax, registration, and mandatory insurance are not included. Confirm all terms with your dealer.
What does "net cap cost" mean?
The net capitalized cost is the adjusted price of the vehicle for leasing purposes. It equals the negotiated selling price plus any fees rolled into the lease, minus your down payment and trade-in allowance.