Estimate a monthly car lease payment from price, residual value and money factor.
Understanding the auto lease calculation
Enter the negotiated price, residual, money factor and term to estimate the monthly lease payment with tax.
How to fill it in
- Enter your figures in the fields provided.
- The result updates as you type.
- Review the breakdown below the main number.
The maths behind it
payment = depreciation + finance charge (+ tax)
Worked example
Take the starting scenario, a negotiated price of 35,000. That gives a monthly lease of $584.84. Underneath, Residual value comes out at $20,300 and Depreciation / mo at $408.33. Change any field and every figure updates as you type.
Common questions
What is the money factor?
The lease equivalent of an interest rate; multiply by 2,400 for an approximate APR.
What is residual value?
The car’s predicted worth at lease end. Higher residuals mean lower payments.