Car Lease Payment Calculator
Calculate your monthly car lease payment. Understand depreciation and money factor.
Understanding Auto Leases
Lease payment = Depreciation fee + Finance fee + Tax
Key Terms
- Cap Cost: Negotiated price
- Residual: End-of-lease value
- Money Factor: Interest rate / 2400
Frequently Asked Questions
How is lease payment calculated?
(Cap cost - Residual) / Term + (Cap cost + Residual) × Money Factor
What is money factor?
Interest rate as decimal. Multiply by 2400 to get APR (0.0025 × 2400 = 6%).