Car Lease Calculator
Estimate monthly depreciation, rent charge and tax for a lease with a money factor.
Formula
Payment = [(C−R)/n + (C+R)×factor] × (1+tax/100)
Monthly depreciation (money) ≈ ((30,000)-(18,000))÷(36) · Monthly rent charge (money) ≈ ((30,000)+(18,000))×(0.002) · Monthly payment (money) ≈ ((333.3333333)+(96))×(1+(0)÷100)
How to use
- Enter adjusted capitalized cost and residual in one currency.
- Set months, money factor and tax on each payment.
- Read the monthly lease payment.
Examples
- Cost 30,000, residual 18,000, 36 months, factor 0.002: about 429.33/month before tax.
Frequently asked questions
What is adjusted cost?
Vehicle cost plus financed fees minus rebates, trade-in and cash reductions.
Is the money factor an APR?
No. Enter the decimal factor quoted in the lease, such as 0.002.
Which tax model is used?
A percentage of each payment; upfront taxes and end-of-lease fees are separate.
Do these payments buy the vehicle?
No. An optional end-of-lease purchase requires a separate buyout amount and any contract fees.
Sources
Updated: