Car Lease Calculator

Calculate monthly payments, compare lease vs buy, estimate early termination costs, and analyze mileage tiers.

Classic green car parked at a gas station in Istanbul, Tรผrkiye, under overcast weather.

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Vehicle & Pricing

Customers shaking hands with dealer in showroom, sealing car purchase deal.

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Lease Terms

Loan Terms (for comparison)

Early Termination Estimator

Leave market value empty to use straight-line depreciation estimate.

Close-up image of a car dashboard highlighting speedometer, odometer, and temperature gauge.

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Mileage Tier Comparison

Compares how different annual mileage allowances affect your monthly payment via residual value changes. Higher mileage = lower residual = higher payment.

How Car Lease Payments Work

A lease payment consists of three components:

Depreciation: The difference between the negotiated price (capitalized cost) and the residual value, divided by the lease term. This is the largest portion of your payment.

Finance Charge: Calculated by adding the capitalized cost and residual value, then multiplying by the money factor. The money factor is roughly APR / 2400.

Sales Tax: Applied to the sum of depreciation and finance charge at your local rate.

Further reading

Monthly lease payment by vehicle price and term

Zero down, 55% residual, money factor 0.00250 (about 6% APR), calculated by the tool on this page. Read across your row and the trade-off leasing hides comes into view: a longer term lowers the monthly payment, but you pay it for longer and end up with nothing at the end either way. Residual value is the single biggest lever here, and it is set by the leasing company rather than negotiated — check yours before comparing offers.

Negotiated price24 months36 months48 months
$20,000$526$379$306
$25,000$647$467$376
$30,000$768$554$447
$35,000$889$642$518
$40,000$1,010$730$589
$45,000$1,131$817$660
$50,000$1,252$905$731
$55,000$1,374$992$802
$60,000$1,495$1,080$873
$65,000$1,616$1,168$944
$70,000$1,737$1,255$1,014
$75,000$1,858$1,343$1,085
$80,000$1,979$1,430$1,156

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Free car lease calculator: compute monthly payments with depreciation, finance charge & tax breakdown. Compare lease vs buy, estimate early termination costs, and compare mileage tiers.

Related tools

What this page assumes, and where it stops

Jurisdiction

United States consumer lending practice. Terms vary by lender and state.

Assumptions

Where you should not rely on this

This does not preapprove you for anything and does not predict the rate you will be offered. Lenders price on credit history, loan-to-value, and fees this page does not see, and closing costs can change the real cost substantially. Get a written offer before deciding.

Official sources

Page reviewed 2026-09-04 ยท rules current as of that review were not independently verified against every jurisdiction ยท next review scheduled annually

Frequently asked questions

How is a lease payment actually built?

It is two pieces added together. Depreciation is the capitalized cost minus the residual value, spread over the term. The finance charge is the capitalized cost plus the residual, multiplied by the money factor. Sales tax is then applied on top of that combined figure.

What does the money factor mean in plain interest terms?

Multiply it by 2,400 to get the approximate annual percentage rate. A money factor of 0.00125 is roughly 3% APR. This calculator shows that conversion so you can compare a lease against a loan quote.

Does a bigger down payment make leasing cheaper?

It lowers the monthly payment because it reduces the capitalized cost, but it does not reduce the total cost by more than what you put in. The calculator adds the amount due at signing back into the total so the comparison stays honest.

Why is the residual value based on MSRP, not the price I negotiated?

Leasing companies set the residual as a percentage of MSRP, not of your negotiated price. That is why negotiating the price down helps a lease: it shrinks the depreciation half without touching the residual.