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Car Lease Price Calculator for Monthly Payments

Car's value at end of lease.

e.g., 0.0025

Estimated Monthly Payment

N/A

This is an estimate. It does not include fees, registration, or other dealer charges.

Demystify Your Car Lease Payments

Leasing a car can be a great option, but understanding the monthly payment can be tricky. This calculator helps you estimate your monthly lease payment based on the key factors of a lease agreement.

How It Works:

A monthly lease payment is made up of three main parts: the depreciation charge, the finance charge, and the sales tax. Our calculator breaks this down for you.

  • Depreciation Charge: This is the cost of the vehicle's expected depreciation over the lease term, minus any down payment. It's the difference between the negotiated price (capitalized cost) and the car's predicted value at the end of the lease (residual value), divided by the number of months.
  • Finance Charge: This is the interest you pay. It's calculated using a "money factor." The formula is (Capitalized Cost + Residual Value) x Money Factor.
  • Sales Tax: Tax is applied to the sum of the depreciation and finance charges.

    • Enter the vehicle's price, down payment, residual value, lease term, money factor, and sales tax rate to get a clear estimate of your monthly payment. This empowers you to compare offers and negotiate a better deal.

    Frequently Asked Questions