Lease Calculator
Estimate your monthly lease payment and see the full breakdown of how it is built — depreciation fee, finance charge, residual value, and total cost over the entire lease term.
Your Result
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| Result | What it means? |
|---|---|
| < $200 / mo | BudgetA low monthly lease payment — typical of entry-level vehicles or short terms with a large residual. |
| $200 – $500 / mo | ModerateA typical mid-range lease payment — common for compact and midsize vehicles on a 36-month term. |
| $500 – $900 / mo | PremiumAn elevated lease payment — common for luxury trim levels or shorter residuals. |
| > $900 / mo | LuxuryA high monthly lease payment — typical of luxury or performance vehicles, low residuals, or aggressive financing. |
| — | Out of rangeEnter values above to see your monthly lease payment and its interpretation. |
Lease Payment Formula
M=(N − R) ⁄ n + (N + R) · MF
Monthly payment M is the sum of the depreciation fee and the finance charge. N = net capitalised cost, R = residual value, n = term in months, MF = money factor (annual rate ÷ 2400).
- The lease industry's 'money factor' equals APR ÷ 2400. Many lenders quote it directly; this calculator takes the more familiar APR and converts internally.
- Net capitalised cost is the asset price minus any upfront capital cost reductions (down payment, trade-in equity, rebates).
- The residual value is the projected worth of the asset at lease end, set by the lessor. It is not what the vehicle will actually be worth when you return it.