Car Lease Calculator

Car Lease Payment Calculator

Capitalized Cost (Vehicle Price) Residual Value (At Lease End) Lease Term (Months) Money Factor (Lease Interest Rate) Sales Tax (%) Down Payment

How to Use the Car Lease Payment Calculator

Leasing a car can be a great way to drive a new vehicle with lower monthly payments compared to buying. But understanding your lease costs is essential before you sign any agreement. Our Car Lease Payment Calculator helps you estimate your monthly lease payments quickly and easily — right here on Auto Finance Experts.

What You Need to Know Before Using the Calculator:

• Capitalized Cost: This is basically the negotiated price of the vehicle.

• Residual Value: The estimated value of the car at the end of the lease term.

• Lease Term: Duration of the lease in months (typically 24-48 months).

• Money Factor: The lease interest rate expressed as a decimal (for example, 0.0025 equals about 6% APR).

• Sales Tax: The sales tax rate applicable to your lease payments.

• Down Payment: Any upfront payment to reduce your monthly costs.

How to Use:

1. Enter the Vehicle Price you plan to lease.

2. Input the Residual Value — usually provided by the dealer.

3. Specify the Lease Term in months.

4. Fill in the Money Factor; if you’re unsure, ask your dealer or check your lease agreement.

5. Add the applicable Sales Tax %.

6. Include any Down Payment you intend to pay upfront.

7. Click Calculate Lease Payment to see your estimated monthly lease cost.

Understanding Your Results:

The calculator will show your estimated monthly payment and provide tailored advice based on how affordable your lease payment is compared to the car price.

• Low payments: Great lease deal — enjoy your new ride!

• Moderate payments: Review the terms and look for any hidden fees.

• High payments: Consider negotiating better terms or evaluating if buying is a better option.