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Lease Calculator

Calculate monthly auto lease payments.

Introduction

Lease Calculator — Calculate monthly auto lease payments. Enter Capitalized cost, Residual value, Term (months), Money factor to get an instant, accurate result.

Formula

Depreciation charge = (capitalized cost − residual value) / lease term. Finance charge = (capitalized cost + residual value) × money factor. Monthly payment = depreciation charge + finance charge.

Step-by-step

  1. Enter the Capitalized cost.
  2. Enter the Residual value.
  3. Enter the Term (months).
  4. Enter the Money factor.
  5. Click Calculate to see your result instantly.

Real-world example

Example: With Capitalized cost = 30000, Residual value = 18000, Term (months) = 36, Money factor = 0.002, the Lease Calculator gives Depreciation Charge: 333.3333, Finance Charge: 96, Monthly Payment: 429.3333.

Frequently Asked Questions

What is a "money factor"?
A lease-specific interest rate expression; multiplying it by 2400 approximates the equivalent annual percentage rate.
Why does the finance charge use capitalized cost plus residual value?
This follows the standard auto-lease formula, which bases the finance charge on the combined value of what you're financing and what the car is expected to be worth at lease-end.
What inputs does the Lease Calculator need?
You'll need to provide: Capitalized cost, Residual value, Term (months), Money factor. All fields use sensible defaults, so you can see a working example immediately and then adjust the values to match your own numbers.
How accurate is the Lease Calculator?
The Lease Calculator applies the formula exactly as calculated — Depreciation charge = (capitalized cost − residual value) / lease term. Finance charge = (capitalized cost + residual value) × money factor. Monthly payment = depreciation charge + finance charge. — so results are precise for the inputs you provide. Accuracy depends on entering correct, realistic input values.
Are these results guaranteed?
No. The Lease Calculator gives an estimate based on the numbers you enter and standard financial formulas — actual rates, fees, taxes, and terms vary by lender, institution, and jurisdiction, and can change over time. This is not financial advice; consult a qualified financial professional for decisions specific to your situation.
Is the Lease Calculator free to use?
Yes, the Lease Calculator is completely free, requires no signup, and runs instantly in your browser.

About the Lease Calculator

The Lease Calculator uses a real, verifiable formula — Depreciation charge = (capitalized cost − residual value) / lease term. Finance charge = (capitalized cost + residual value) × money factor. Monthly payment = depreciation charge + finance charge. — so results are accurate every time, not an approximation.