Car Lease Calculator
Calculate your exact monthly car lease payment and understand the true cost of any lease before you sign.
Vehicle
Lease Terms
Finance
Additional Fees
Your Lease Payment
Fill in the vehicle and lease details on the left, then press Calculate to see your monthly payment.
About the Car Lease Calculator
A car lease is effectively a long-term rental agreement - you pay for the portion of the vehicle's value you use during the lease term, plus a finance charge on the remaining value. Understanding how your monthly payment is calculated puts you in a much stronger negotiating position.
This car lease calculator uses the same formula dealerships apply: it calculates the adjusted cap cost (agreed price minus reductions, plus fees), applies the residual value to determine depreciation, and computes the money factor finance charge - then adds sales tax for your final monthly figure.
Use it to compare different lease scenarios before you visit the dealership. Adjusting the residual percentage, term, or down payment shows you exactly how each factor affects your monthly payment and total lease cost, so you can identify which variables have the most impact.
How to Use This Calculator
- 1
Enter the vehicle details
Input the MSRP (the sticker price), your planned down payment or cap cost reduction, and the value of any trade-in vehicle. A higher down payment or trade-in lowers your cap cost and reduces the monthly payment.
- 2
Set your lease terms
Choose the lease term in months (24, 36, 48, or 60) and enter the residual value percentage. Residual values are provided by the manufacturer - you can find them on deal-tracking websites. A higher residual value means a lower payment.
- 3
Enter finance and tax details
Input the APR (annual percentage rate) offered by the dealer and your local sales tax rate. The calculator converts APR to a money factor automatically. A lower APR results in lower finance charges.
- 4
Review your monthly payment breakdown
The results panel shows your exact monthly payment including tax, plus the total cost of the lease, due-at-signing amount, residual value, and a full breakdown of depreciation and finance charge components.