Car Lease Calculator

Use our free car lease calculator to estimate your monthly lease payment. Enter the car price, residual percentage, money factor or interest rate, lease term, down payment, and fees to get an accurate lease estimate.

Financial

Currency

Car Price (MSRP)

Residual Value (%)

Money Factor (0 to use APR below)

APR / Interest Rate (%)

Lease Term (months)

months

Capitalized Cost Reduction (down payment)

Acquisition Fee

Formula

A car lease payment consists of two parts: depreciation (the car's lost value divided by the lease term) and a finance charge (the money factor applied to the net cap cost plus residual value).

Monthly = Depreciation + Finance Charge = [(C - R) / T] + [(C + R) x MF]

Percentage: The percentage value you want to apply

Number: The original number or value

Result: The calculated result

How It Works

1Enter the car's MSRP (sticker price).
2Enter the residual value percentage (estimated value at lease end).
3Enter the money factor or APR interest rate.
4Enter the lease term in months.
5Add any capitalized cost reduction (down payment) and acquisition fee.

Examples

$35k car, 55% residual, 36 months, $2k down

1.Residual = $35k x 55% = $19,250
2.Net cap = $35k - $2k + $695 = $33,695
3.Depreciation = ($33,695 - $19,250) / 36 = $401.25
4.MF = 6% / 2400 = 0.0025
5.Finance = ($33,695 + $19,250) x 0.0025 = $132.36
6.Payment = $401.25 + $132.36 = $533.61

Result: $533.61

Frequently Asked Questions

The money factor is the interest rate expressed as a decimal. To convert APR to money factor, divide by 2400 (e.g., 6% / 2400 = 0.0025).

The estimated value of the car at the end of the lease, expressed as a percentage of MSRP. Higher residual = lower payment.

A down payment that reduces the amount being financed, lowering the monthly lease payment.

Yes, you can negotiate the MSRP, money factor, and acquisition fee. Shopping around can save you hundreds.

Related Calculators

Lease vs Buy Calculator Auto Loan Calculator Loan Calculator Tip Calculator Discount Calculator Personal Loan Calculator

Car Leasing Guide

CalculateMe Team

Last updated: 2026-07-15

Frequently Asked Questions

The money factor is the interest rate expressed as a decimal. To convert APR to money factor, divide by 2400 (e.g., 6% / 2400 = 0.0025).

The estimated value of the car at the end of the lease, expressed as a percentage of MSRP. Higher residual = lower payment.

A down payment that reduces the amount being financed, lowering the monthly lease payment.

Yes, you can negotiate the MSRP, money factor, and acquisition fee. Shopping around can save you hundreds.

Car Lease Calculator

Formula

How It Works

Examples

$35k car, 55% residual, 36 months, $2k down

Frequently Asked Questions

What is money factor?

What is residual value?

What is capitalized cost reduction?

Can I negotiate lease terms?

Related Calculators

Related Articles

Car Lease Calculator

Formula

How It Works

Examples

$35k car, 55% residual, 36 months, $2k down

Frequently Asked Questions

What is money factor?

What is residual value?

What is capitalized cost reduction?

Can I negotiate lease terms?

Related Calculators

Related Articles