A car lease calculator estimates your monthly lease payment from the cap cost, residual value, and money factor. Enter your lease terms to see your payment and total cost so you can compare deals and stay within budget.
Get your estimated monthly lease payment in seconds.
See the equivalent APR for the lease money factor.
Understand the predicted value at lease end.
Enter negotiated price and cap cost reduction.
Select lease term and any upfront fees.
See total lease cost over the term.
Equivalent APR: 3.00%
When you lease a car, you pay for depreciation during the term plus interest (money factor) and fees.
Use these steps to get a better lease payment and avoid overpaying.
Common questions about this tool
Lease payment = (cap cost − residual value) ÷ term + (cap cost + residual) × money factor. Cap cost is the negotiated price; residual is the predicted value at lease end; money factor is the interest component.
Money factor is the lease equivalent of interest. Multiply by 2,400 to approximate APR (e.g., 0.00208 ≈ 5% APR). Lower money factor means a lower payment.
Putting more down reduces the monthly payment but doesn’t lower the total cost. If the car is totaled or stolen, you may lose that upfront money. A small amount is fine; avoid large cap cost reductions.
Calculate your monthly payment with amortization schedule and total interest.
Use the 10-15% rule to find your car budget based on income.
Check your estimated auto loan rate and approval likelihood.
Get an instant estimate of your car's trade-in value.