Car Lease Calculator

Calculate your lease payment

Vehicle MSRP ($)

Residual Value ($) Usually 50-65% of MSRP

Money Factor Multiply APR by 2400 (e.g., 3% APR = 0.00125)

Lease Term (Months)

Down Payment ($)

Sales Tax Rate (%)

Acquisition/Doc/DMV Fees ($)

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Car Lease Calculator

Estimate your monthly lease payment and total cost with taxes and fees.

How Car Leasing Works

Car leasing allows you to drive a new vehicle for a fixed period (usually 2-4 years) by paying for the vehicle's depreciation, interest, and fees. At the end of the lease, you return the car or have the option to buy it.

Key Lease Terms:

MSRP: The manufacturer's suggested retail price
Residual Value: The car's estimated value at lease end
Money Factor: The interest rate (similar to APR for loans)
Depreciation: The difference between MSRP and residual value

Lease vs Buy Comparison

Leasing Pros

Lower monthly payments
Always drive newer cars
Warranty coverage
No repair costs
Option to buy at lease end

Buying Pros

Build equity/ownership
No mileage restrictions
Freedom to modify
No wear and tear charges
Can sell anytime

Tips for Better Lease Deals

Negotiate the Price: Lower MSRP means lower payments
Check Residual Values: Higher residual = lower payments
Shop Money Factors: Like interest rates, these can vary
Consider Lease Specials: Manufacturers often offer incentives
Understand All Fees: Acquisition, disposition, and excess wear fees
Know Mileage Limits: Typically 10,000-15,000 miles per year

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