Auto Lease Calculator
Calculate your monthly car lease payment based on vehicle price, down payment, residual value, money factor, and lease term.
Published by:
isCalculator Editorial Team
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How to use this tool?
How to Use the Auto Lease Calculator
Follow these steps to calculate your monthly lease payment:
- Enter Vehicle Price ($) – The total price of the car (e.g., 35000).
- Enter Down Payment ($) – Any upfront cash you pay (e.g., 3000). Use 0 if none.
- Enter Residual Value (%) – The car's expected value at lease end as a percentage (e.g., 55 for 55%). Must be between 0 and 100.
- Enter Money Factor – The interest rate in decimal form (e.g., 0.00125). This is not a percentage.
- Enter Lease Term (months) – How long the lease lasts (e.g., 36). Must be between 1 and 120.
- Click "Calculate Lease" – Your monthly payment will appear. The breakdown shows the depreciation fee and finance fee used in the calculation.
Note: All monetary inputs must be positive numbers. The calculator uses standard lease formulas: Depreciation = (Net Cost – Residual) / Term, Finance = (Net Cost + Residual) × Money Factor.
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Frequently Asked Questions
A money factor is the interest rate on a lease, expressed as a decimal. To convert to an APR, multiply by 2400.
Residual value is the estimated value of the car at the end of the lease, usually expressed as a percentage of the MSRP.
This calculator does not include taxes, fees, or incentives. Consult your dealer for a complete quote.