Advanced Lease Calculator
Calculate your monthly lease payment, total cost, and buyout price for any vehicle lease.
Formulas Used
- Depreciation (per month):
- Depreciation = (Cap Cost − Residual Value) / Term
- Monthly Interest (Finance Charge):
- Interest = (Cap Cost + Residual Value) × Money Factor
- Base Monthly Payment:
- Base = Depreciation + Monthly Interest
- Monthly Payment (with Tax):
- Payment = Base × (1 + Tax Rate)
- Total Lease Cost:
- Total = (Payment × Term) + Down Payment + Fees
Lease Insights
- - Calculates monthly payment and total cost of leasing.
- - Supports custom fees like acquisition or disposition.
- Money Factor:
- - Equivalent to the interest rate of the lease.
- - Multiply by 2400 to get approximate APR.
- Residual Value:
- - Predicted car value at lease end.
- - Higher residual = lower monthly payment.
- Capitalized Cost:
- - Negotiated price minus down payment.
- - Lower cap cost = better deal.
- Buyout Price:
- - Cost to purchase car after lease ends.
- - Includes residual + disposition fee.
- Lease Tips:
- - Negotiate price before discussing lease terms.
- - Lower money factor saves more than lower MSRP.
- - Check mileage limits to avoid overage charges.
- Notes:
- - Down payment reduces cap cost, not monthly rate.
- - Tax rules vary by state — verify locally.
- - Compare total cost vs. buying before deciding.