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Auto Lease Payment Calculator

A $35,000 lease with $2,000 down, a $21,000 residual value, a 0.0025 money factor (about 6% APR-equivalent), and 6.5% tax over 36 months runs about $499 a month. Enter your own lease terms below.

Details

Negotiated price ($)

Down payment ($)

Residual value ($)

Money factor (e.g. 0.0025)

Term (months)

Sales tax (%)

Results

Monthly lease payment -

Depreciation portion -

Finance (rent) portion -

Equivalent APR -

Estimates only. Confirm exact terms with your lender or dealer.

By Jessica Martinez, Contributing Writer, Business & Finance · Updated 2026-07-02

How is a car lease payment calculated?

A lease payment is depreciation ((cap cost − residual) ÷ term) plus a finance charge ((cap cost + residual) × money factor), then sales tax. Money factor × 2400 ≈ the APR.

Money factor × 2400 = APR. Use it to sanity-check the lease rate.

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Good to know

FAQs

What's the money factor?

The lease's interest rate in a special form (× 2400 ≈ APR).

What's cap cost?

Negotiated price minus your down payment.

What's residual?

The car's value at lease end, set by the leasing company.

Financial advice?

No - an estimate.