Car Lease Payment Calculator
Calculate your monthly car lease payment from price, down payment, residual value and money factor. Free auto lease calculator.
Frequently asked questions
- How is a lease payment calculated?
- Monthly depreciation (price minus residual, divided by term) plus a finance charge on the average of price and residual.
- What is a money factor?
- The lease equivalent of an interest rate. APR equals money factor times 2400, so 0.002 equals 4.8% APR.
- What residual value should I use?
- The lease residual percentage, typically 50-65% for a 36-month lease. The dealer or manufacturer sets it.
- Is a bigger down payment smart?
- Generally no. A large down payment only lowers the payment, and you lose it if the car is totalled or stolen.
This tool runs entirely in your browser. No data is uploaded anywhere.