Car Lease Calculator
Enter the capitalized cost, residual value, term and money factor to estimate the monthly payment.
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Enter the lease terms to see the monthly payment.
Worked example
With these example inputs:
- Capitalized cost$35,000
- Residual value$21,000
- Lease term (months)36
- Money factor0.0025
Monthly lease payment: $528.89
- Depreciation$388.89
- Finance charge$140.00
Frequently asked questions
How is a lease payment calculated?
It combines depreciation, the cost minus residual spread over the term, with a finance charge from the money factor. A $35,000 car with a $21,000 residual over 36 months at a 0.0025 factor is about $529 a month.
What is the money factor?
It is the lease equivalent of an interest rate, usually a small decimal. Multiply it by 2,400 to see the rough annual percentage rate it represents.