Car Lease Calculator

Estimate a vehicle lease payment from negotiated price, residual value, money factor or APR, fees, tax and expected excess mileage.

Vehicle MSRP ($)

Negotiated price ($)

Lease term (months)

Residual value (% of MSRP)

Rate input

Money factorApproximate APR = money factor × 2,400.

Cash down payment / cap reduction ($)

Net trade-in credit ($)Enter only positive equity applied to the lease.

Rebates and incentives ($)

Financed acquisition fee ($)

Other financed fees ($)

Registration and other upfront fees ($)

Refundable security deposit ($)

Sales/use tax on monthly payment (%)Tax timing and taxable items vary by jurisdiction.

Allowed miles per year

Expected miles per year

Excess-mile charge ($ per mile)

Estimated lease results

Monthly payment with entered tax—

Base monthly payment—

Estimated due at signing—

Adjusted capitalized cost—

Residual value—

Monthly depreciation charge—

Monthly finance charge—

APR equivalent—

Projected excess-mile charge—

Total cash outlay—

Effective monthly cost—

Total monthly-payment tax—

Car lease formulas

Adjusted capitalized cost: negotiated price + financed fees − down payment − trade credit − rebates.
Residual value: MSRP × residual percentage.
Monthly depreciation: (adjusted cap cost − residual value) ÷ lease months.
Monthly finance charge: (adjusted cap cost + residual value) × money factor.
Approximate APR equivalent: money factor × 2,400.
Monthly payment: depreciation + finance charge + entered monthly-payment tax.

Example

For a $42,000 MSRP, $39,000 negotiated price, 58% residual, 36 months and a 0.002 money factor, the calculator first adjusts the cap cost for fees, rebates, trade credit and cash down. It then separates depreciation, finance and tax so the assumptions are visible.

Important limits

Lease contracts and taxes vary by lender and jurisdiction. This calculator assumes the entered tax rate applies to each base monthly payment. It does not model taxes collected upfront, taxes on incentives or cap reductions, disposition or purchase-option fees, wear charges, insurance, registration renewals, negative trade equity, refundable deposits returned later or dealer-specific rounding. Verify every figure against the lease worksheet before signing.

Related calculators

Compare financing with the Auto Loan Calculator, estimate driving expense with the Fuel Cost Calculator, or plan monthly affordability with the Budget Calculator. Considering the purchase option? Estimate taxes, fees, financing and equity with the Lease Buyout Calculator.

Already financing a vehicle? Use the Car Refinance Calculator to compare a current auto loan with a proposed refinance after fees and remaining balances.