Auto Lease Calculator - Calculate Monthly Car Lease Payment

The Auto Lease Calculator
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Take the fear out of financing your next vehicle by getting into an auto lease with confidence!
The Auto Lease Calculator There is no reason to pay more for an auto lease than what you really should. Nor is there any reason to pay for leasing software or services to show you how to calculate your Monthly Car Lease Payment when you can do that right here, for FREE!

Using the form below, you can determine the following:
  • Exactly what you should be paying on any auto lease.
  • Determine how much your Down Payment affects your Monthly Payments.
  • Find out why a vehicle's Residual and the Money Factor play important roles in your Auto Lease.
This calculator has been used many times over the years to provide real-world car leases for people all over the United States. It has also been compared to several different leasing applications used at actual dealerships, as well as Leasing Worksheets provided by various financial sources.
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Indicates minimum fields that MUST be provided to calculate your Monthly Car Lease Payment.
MSRP: Manufacturer suggested retail price (Sticker Price).
Destination Charge: Delivery fee. NOTE: May be included in MSRP.
Optional Equipment: Additional equipment cost if not included in MSRP.
Total MSRP: Total value of the vehicle.
Selling Price (CAP): Negotiated sell price1 (also known as CAP Cost).
Acquisition Fee: Increases CAP Dealer's administrative fees for the lease.
GAP Ins. Fee: Increases CAP Optional insurance covering gap between payoff and value.
Down Payment: Decreases CAP
Reductions: Decreases CAP Any rebates (factory, dealer, cash back, etc.) on the vehicle.
Trade-In: Value (positive or negative) of trade-in vehicle (if any).
CAP Adjustment: Amount increasing or decreasing the CAP Cost.
Net CAP Cost: Used to determine the Monthly Payments.
Lease Term (months): 36 months is usually the optimal term level.
State Tax: % State Tax.
Residual: The value of the vehicle after the term of the lease.
Money Factor: The rate it will cost you to lease the vehicle.
Interest Rate: % Money Factor * 2400
Monthly Base: (Net CAP - Residual) / Lease Term
Finance Charges: (Net CAP + Residual) * Money Factor
Base + Finance: Monthly Base + Finance Charges
Taxes: (Monthly Base + Finance Charges) * State Tax
Monthly Payments: Monthly Base + Finance Charges + Taxes
Security Deposit: Typically the same as one Monthly Payment but not required.
Document Fees: Fees (administrative) to process lease documents.
License Fee: Official State and Local fee.
Title Fee: Official State and Local fee.
Registration Fee: Official State and Local fee.
Additional Fees: Any additional dealer fees.
Taxes: Taxes calculated against Down Payment.
Due at Signing: Amount you pay to drive the vehicle off the lot.
(Includes Down Payment, First Month, Security, Taxes, and Fees.)
1 Items in Yellow (Selling Price, Residual, and Money Factor) are considered to be the most important elements of any Auto Lease. By negotiating the Selling Price, and making certain that the Residual and Money Factor are correct, they can have a huge impact on lowering your Monthly Car Lease Payments.
2 Overall Savings is based on how much money you will save over the course of the lease by putting money down (at closing). The savings comes from not paying taxes and finance charges on your down payment amount for the term of the lease.
Overall Savings example:
On a 36 month lease @ .0025 money factor with 8.25% state tax, a $1,000.00 Down Payment will save you an extra $32.78 in monthly payments, totaling $1,180.08 for 36 months. Your total savings on the lease will be $180.08 ($1,180.08 Total Monthly Savings - $1,000.00 Down Payment), which is a net savings of $5 per month ($180.08 / 36 months).
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This calculator should be used only as a reference for auto leasing. It should not be used as an independent tool for investment advice and we do not guarantee its accuracy to your individual circumstances. Actual monthly payments are based on data provided by the dealership and are negotiated solely through them. Deviations from the calculator may cause inaccurate results.
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