Car lease calculator

Work out a lease payment the way the leasing company does, so you know what a fair quote looks like before you visit the dealer.

Currency

The car

MSRP (list price)

The sticker price; the residual is based on it.

Selling price

The negotiated price, also called the cap cost.

Dealer add-ons in the price

Paint protection, nitrogen, etching.

Rebates and incentives

Lease terms

Length

months

Residual

% of MSRP

Money factor

For example 0.00210. Multiply by 2400 for an APR.

Acquisition fee

Acquisition fee is

Disposition fee at the end

Money down, fees and tax

Cash down

Trade-in equity

Documentation fee

Registration and government fees

Sales tax

Tax is charged

Monthly payment$583.74

Due at signing$1,334

Total cost$22,160

True monthly cost$6161.47% of MSRP

APR equivalent5.04%

Adjusted cap cost	$39,195
Residual value	$24,360
Depreciation per month	$412.08
Rent charge per month	$133.47
Tax per month	$38.19
Payment	$583.74

The lease payment formula

Depreciation = (adjusted cap cost − residual) ÷ months
Rent charge = (adjusted cap cost + residual) × money factor
Payment = (depreciation + rent charge) × (1 + tax rate)

The adjusted cap cost is the selling price plus fees rolled in, minus cash down, trade-in and rebates. The residual is the car's expected value at the end, set by the leasing company as a percentage of MSRP.

Already have a quote? Check it to see the interest rate hidden in the payment.