Lease Calculator
Calculate monthly lease payments, total cost, and understand lease terms for vehicles or equipment
Vehicle Details
Lease Terms
Cap Cost Reduction
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Understand Your Vehicle Lease Costs
Leasing can be confusing with money factors, residuals, and cap costs. Our calculator breaks down exactly what you'll pay monthly, the total cost of the lease, and how different terms affect your payment. Compare lease vs. buy scenarios and negotiate smarter at the dealership.
How Lease Payments Work
A lease payment has two components: depreciation (the vehicle's value loss during your lease) and a finance charge (interest). The money factor (similar to interest rate) and residual value (predicted end value) are key terms. Lower money factor and higher residual mean lower payments.
Lease Payment Formula
Payment = (Cap Cost - Residual) / Term + (Cap Cost + Residual) × Money FactorHow to Use This Calculator
Lease Analysis Scenarios
New Car Lease
Calculate payments and total cost before visiting the dealership.
Lease vs Buy
Compare total lease cost against purchase financing.
Dealer Offer Verification
Check if the dealer's quoted payment matches the terms they're offering.
Frequently Asked Questions
Money factor is the lease interest rate divided by 2400. A money factor of 0.00125 equals 3% APR. Multiply money factor by 2400 to get the equivalent interest rate.