Car Lease Calculator
Estimate a monthly car lease payment from price, residual, and money factor.
Estimate a car lease payment
This car lease calculator estimates a monthly payment from the vehicle price, its residual value at lease end, your down payment, an annual finance rate and the term. It splits the payment into the depreciation part, which pays for the value the car loses, and the finance part, so you can see where the money goes.
How to calculate a lease payment
Enter the price and the residual value, which is often quoted as a percentage of price, then add your down payment, rate and term. The estimated monthly payment and breakdown appear.
This is a planning estimate only and not financial advice. Real leases involve taxes, fees and dealer-specific money factors.
Frequently asked questions
What is residual value?
The car's estimated worth at the end of the lease. A higher residual means less depreciation to pay for and a lower monthly payment.
What is a money factor?
It is the lease version of an interest rate. This tool lets you enter an annual percentage rate and converts it for you.