Auto Lease Calculator
Estimate your monthly lease payment using money factor, residual value, taxes, and fees. Calculate due at signing, mileage overage, total lease cost, and compare leasing vs buying.
Lease Payment, Due-at-Signing & Comparison Tool
Calculate lease payments, mileage overage, effective cost, and a monthly schedule with export.
Lease payments depend on residual value as well as price
An auto lease commonly combines depreciation over the lease term with a financing charge and applicable taxes or fees. The capitalized cost is related to the vehicle’s negotiated price and financed charges; the residual value is the assumed vehicle value at the end of the contract. All else equal, a higher residual lowers the portion of value being paid down during the lease period.
Many lease calculations use a money factor rather than a conventional annual interest rate. Money-factor and APR approximations are not interchangeable in every contract, so check how the lessor states the financing charge. Down payments can lower scheduled monthly amounts but may expose more cash to loss if the leased vehicle is stolen or totaled early.
The monthly estimate is only one part of the lease cost. Include acquisition fees, sales or use tax, expected mileage, excess wear, disposition charges, insurance requirements, and possible early-termination costs. Use the lessor’s written terms for a binding comparison between lease and purchase.