Auto Lease Calculator
Estimate a car lease payment from capitalized cost, residual value, money factor and term.
Runs 100% in your browser — nothing is uploaded.
Result
Formula
Payment = (cap cost − residual) ÷ term + (cap cost + residual) × money factor
About this calculator
The money factor is the APR ÷ 2400. Residual is the estimated value at lease end, usually a percentage of MSRP.
How to use
- 1
Enter the capitalized cost (price) and residual value as a percentage of that price.
- 2
Set the lease term in months, then enter either the money factor or APR (if you enter APR, it overrides the money factor).
- 3
Optionally add a down payment/fees and sales tax, then view your monthly payment and total lease cost.
Frequently asked questions
What is a money factor?
A money factor is the interest rate used in a lease, expressed as a decimal. To convert it to an approximate annual percentage rate (APR), multiply by 2400. For example, a money factor of 0.0025 is equivalent to an APR of 6%.
What is residual value?
Residual value is the estimated worth of the vehicle at the end of the lease. It is often set as a percentage of the manufacturer's suggested retail price (MSRP). A higher residual value lowers the depreciation portion of your monthly payment.
Can I negotiate the capitalized cost?
Yes, the capitalized cost is the price you pay for the vehicle, and it is negotiable. Lowering the capitalized cost reduces your monthly payment and total lease cost.
Please note: Results are estimates for general information only and are not professional or medical/financial advice.