🚗 Car Lease Payment Calculator

Calculate your exact monthly lease payment breakdown into depreciation, rent charge (finance fee), and sales tax based on MSRP, negotiated selling price, and money factor.

Vehicle MSRP ($)

Negotiated Selling Price ($)

Residual Value (%)

Percentage of original MSRP

Lease Term (Months)

Money Factor (or APR % / 2400) 0.0025 = ~6.0% APR

Down Payment / Cap Reduction ($)

Estimated Monthly Lease

$478/mo

36-month term with $3,000 down

📉 Monthly Depreciation$337/mo

🏦 Monthly Rent Charge (Interest)$152/mo

🏷️ Residual Value at Lease End$24,360

🧾 Total Out-of-Pocket Lease Cost$20,208

The Mechanics of Leasing a Car

When you lease, you are only paying for the depreciation of the vehicle during the term plus a finance fee called the money factor. To convert a money factor into an equivalent Annual Percentage Rate (APR), simply multiply the money factor by 2,400 (e.g., 0.0025 × 2400 = 6.0% APR).