Lease Calculator
Calculate your monthly car lease payment. Enter the vehicle details, lease terms, and down payment to see your estimated monthly cost and total lease expense.
Sticker price of the vehicle
Price after negotiation, before incentives
Upfront payment to reduce monthly cost
Expected value at lease end (typically 50-65%)
Lease interest rate (divide APR by 2400)
Acquisition fee, doc fees, registration
What is a money factor in a lease?
Money factor is the interest rate on a lease expressed as a decimal. To convert to APR, multiply by 2400. For example, a money factor of 0.00125 equals 3% APR. Lower money factors mean lower lease costs.
What is residual value?
Residual value is the estimated worth of the vehicle at the end of the lease term, expressed as a percentage of MSRP. Higher residual values result in lower monthly payments because you're paying for less depreciation.
Is it better to lease or buy a car?
Leasing typically costs less monthly and lets you drive newer cars more often, but you build no equity. Buying costs more upfront but you own the vehicle. Lease if you want lower payments and drive under 12-15k miles/year.
Can I negotiate a lease?
Yes! You can negotiate the selling price (cap cost), money factor, and fees. The residual value is usually set by the manufacturer. Negotiating the selling price has the biggest impact on your payment.