Back to Finance Tools
utensil.pro/finance

Auto Lease Calculator

Calculate your monthly lease payment with detailed cost breakdown

Currency
Vehicle Pricing

Manufacturer's Suggested Retail Price

Your negotiated selling price (before fees)

Down payment / drive-off amount

Lease Terms
30% of MSRP75% of MSRP

Predicted value at lease end

= 3.00% APR

APR = Money Factor x 2400

Fees & Mileage

Bank/lessor fee (not negotiable)

Documentation, etc.

Monthly Payment

$0.00

Due at Signing

$0.00

First month + fees + cap reduction
Effective APR

0.00%

Money Factor: 0
Monthly Payment Breakdown
Depreciation(0.0%)
$0.00
Finance Charge (Rent)(0.0%)
$0.00
Capitalized Cost Analysis
Negotiated Price$0.00
+ Acquisition Fee+$0.00
+ Dealer Fees+$0.00
= Gross Cap Cost$0.00
- Cap Cost Reduction-$0.00
= Net Cap Cost$0.00
Lease Summary
MSRP$0.00
Residual Value$0.00(%)
Total Depreciation$0.00
Total Finance Charge$0.00
Total Mileage Allowance0 miles
Total Cost$0.00

Understanding Lease Terminology

Money Factor

The lease equivalent of an interest rate. To convert to APR, multiply by 2400. For example, 0.00125 = 3% APR. Lower is better. This is negotiable at some dealers.

Residual Value

The predicted value of the vehicle at lease end, typically expressed as a percentage of MSRP. Higher residual = lower payments because you're paying for less depreciation.

Capitalized Cost (Cap Cost)

The total cost being financed, including vehicle price, fees, and any add-ons. Negotiate this down just like you would a purchase price. "Cap cost reduction" is like a down payment.

Lease Tips

  • Negotiate the selling price before discussing the lease
  • Ask for the money factor and residual in writing
  • Compare the money factor to current advertised rates (check Edmunds)
  • Higher residual vehicles (Honda, Toyota, Lexus) lease better
  • Be realistic about mileage - excess mileage charges add up fast