Auto Lease Calculator

Monthly lease payment from price, residual value, and money factor. Results update as you type.

Rounding note: monthly figures are shown rounded to cents, while totals are computed from unrounded values, so multiplying the displayed monthly payment by the term can differ by a few cents.

Vehicle price (MSRP or agreed price)

Down payment

Residual value (% of price)

Money factor (optional)

Annual interest rate % (used if money factor is blank)

Lease term (months)

Sales tax rate (%)

Monthly lease payment (with tax)

$0.00

Cost breakdown

How this calculator works

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Results are estimates for education only and are not financial advice.

What is a money factor?

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Lease payment formula

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How the lease payment is calculated, step by step

Work out the residual value from the vehicle price and the residual percentage.
Subtract the down payment and the residual value from the price, then divide by the term for the depreciation fee.
Add the price minus the down payment to the residual value, then multiply by the money factor for the finance fee.
Add the two fees for the pre tax payment, apply sales tax, then multiply by the term and add the down payment for total lease cost.

Worked example

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Is a higher residual value better?

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Does the down payment lower my monthly payment much?

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