Estimate your monthly lease payment with a depreciation, finance, and tax breakdown.
Estimates only — not financial advice. Residual is % of vehicle price; excludes fees and acquisition charges. Verify with your dealer/lender.
A car lease calculator estimates your monthly payment as the sum of three pieces — a depreciation fee for the value you use up, a finance fee based on the money factor, and sales tax — so you can see what drives the cost before you sign.
A lease payment has three parts. The depreciation fee is the capitalized cost minus down payment minus residual value, divided by the term in months. The finance fee is the capitalized cost minus down payment plus residual value, times the money factor. Sales tax is then applied to that monthly subtotal. Results are estimates, not financial advice.
The money factor is the leasing version of an interest rate. To convert it to an approximate APR, multiply the money factor by 2400. For example, a money factor of 0.00125 is roughly a 3% APR. A lower money factor means a lower finance fee.
Residual value is the vehicle's estimated worth at the end of the lease, set by the leasing company. You only pay for the depreciation between the price and the residual, which is why a higher residual usually means a lower monthly payment.