Car lease calculator
Educational estimate of a monthly lease payment. Manufacturer money factors and residuals are proprietary; use this to learn the math, then confirm real programs with a dealer.
Default residual bands are educational estimates (not OEM residuals). Higher residual lowers payment.
Prefills from suggested new-car APR ≈ 6.70% → money factor 0.002792(APR ÷ 2400). Implied APR from your money factor: 6.70%. Mileage is informational only and does not change this estimate.
Estimated monthly lease payment
$551/mo
- Residual value
- $22,000
- Net capitalized cost
- $36,000
- Monthly depreciation
- $389
- Monthly rent charge
- $162
- Est. total lease cost
- $21,830
Educational lease estimate only. Manufacturer money factors and residual values are proprietary and change monthly; this is not an OEM lease program rate. Excludes tax, fees, acquisition fees, and disposition fees. Contact a dealer for current manufacturer lease programs.
Lease questions
How is a lease payment calculated?
A lease payment is roughly monthly depreciation (cap cost minus residual, divided by term) plus a rent charge ((cap cost + residual) × money factor). Taxes and fees are usually extra.
What is a money factor?
The money factor is the lease finance charge, similar to an interest rate. Multiply by 2400 for an approximate APR. Manufacturer money factors are proprietary and change monthly.
Are these manufacturer lease rates?
No. OEM money factors and residuals are not publicly available via a free API. This calculator uses educational residual defaults and a money factor derived from national average purchase APRs. Always confirm current lease programs with a dealer.
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