Calculate monthly car lease payments from cap cost, residual value, money factor, and tax.
Total Monthly Lease Payment
$549.56
Base Monthly Payment
$513.61
Total Out-of-Pocket Lease Cost
$22,784.30
Lease payment consists of monthly depreciation charge [(Adjusted Cap Cost - Residual) / Term] plus monthly finance charge [(Adjusted Cap Cost + Residual) * Money Factor] plus tax.
1. Enter vehicle price, down payment, trade-in, and residual value. 2. Input money factor, term in months, and sales tax rate. 3. View total monthly lease payment.
Depreciation Charge covers value loss during lease. Finance Charge represents interest paid to the leasing company.
FAQ
Divide annual interest rate by 2400 to convert to money factor (e.g., 6% / 2400 = 0.0025).
Minimizing down payment on a lease is often recommended because capitalized cost reductions are not recoverable if vehicle is totaled early.
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