Car Lease Calculator
Calculate your monthly car lease payment and understand the true cost of leasing.
Vehicle Information
The price you negotiate - always negotiate below MSRP
Lease Terms
Typically 50-60% for 36 months. Check with dealer.
Money Factor x 2400 = APR equivalent. 0.00125 = 3% APR
Fees & Taxes
Bank/lender fee, typically $595-$995
Monthly Payment
$0
Depreciation Fee
$0
Finance Charge
$0
Monthly Tax
$0
Lease Summary
Net Capitalized Cost
$0
Residual Value
$0
Total Depreciation
$0
APR Equivalent
0%
Total Cost
Due at Signing
$0
Total Lease Cost
$0
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Understanding Car Leases
Key Lease Terms:
- Capitalized Cost (Cap Cost): The negotiated vehicle price
- Residual Value: What the car is worth at lease end
- Money Factor: The interest rate in lease terms (multiply by 2400 for APR)
- Acquisition Fee: Lender's administrative fee
Lease Payment Formula:
- Depreciation: (Net Cap Cost - Residual) / Term
- Finance Charge: (Net Cap Cost + Residual) x Money Factor
- Monthly Payment: Depreciation + Finance Charge + Tax
Tips for a Better Lease:
- Negotiate the selling price just like buying
- Look for high residual values (less depreciation)
- Ask about manufacturer lease specials
- Avoid putting too much down (lost if car is totaled)
- Understand mileage limits and overage charges