Use this lease estimator tool to calculate your monthly lease payments accurately.
Lease Estimator Calculator
This calculator provides an estimate of your monthly lease payments. Fill in all the fields with the corresponding values to get the most accurate result.
How to Use the Calculator
- MSRP ($): Enter the manufacturer’s suggested retail price of the vehicle.
- Down Payment ($): Enter the amount you will pay upfront for the lease.
- Residual Value (%): Enter the estimated value of the vehicle at the end of the lease term, expressed as a percentage of the MSRP.
- Lease Term (months): Enter the duration of the lease in months.
- Money Factor: Enter the lease money factor, often provided by the dealership. Note that this is typically a small decimal value (e.g., 0.0025).
- Sales Tax Rate (%): Enter the local sales tax rate applied to the lease.
How it Calculates
The calculation takes into account the MSRP, down payment, residual value, lease term, money factor, and sales tax rate to estimate your monthly lease payment. It calculates the depreciation cost, finance charges, and applies the sales tax to give you the total monthly payment including taxes and down payment spread over the lease period.
Limitations
- The results are an estimate and actual lease payments may vary based on additional fees, incentives, and other terms offered by dealerships.
- Ensure all values are entered accurately to get the most precise estimate.
- Sales tax rates can vary, so confirm the current rate in your area.
Use Cases for This Calculator
Estimate Monthly Lease Payments
Calculate the monthly lease payments based on the vehicle’s price, down payment, lease term, interest rate, and residual value. Adjust the sliders or input fields to see how different figures impact your monthly payments.
Compare Lease vs. Buy Options
Compare the total cost of leasing a vehicle versus buying it outright. Input the necessary financial details for both scenarios to see which option best fits your budget and lifestyle.
Factor in Additional Fees
Include additional fees such as taxes, registration, and any upfront costs into your lease estimate. This comprehensive calculation gives you a more accurate representation of your total expenses.
Adjust for Mileage Limits
Factor in your estimated annual mileage to see how it affects your lease terms. Understand the charges for exceeding the mileage limit and adjust your calculations accordingly.
Explore Lease Specials
Find out how lease specials and promotions impact your monthly payments. Input the special terms and conditions to see if you qualify and how it alters your overall lease costs.
Understand Depreciation and Residual Value
Learn how depreciation and residual value influence your lease payments. Get a breakdown of these concepts and see how they impact your finances over the lease term.
Consider Multiple Vehicle Options
Compare lease estimates for different vehicle models to make an informed decision. Input the details of each vehicle to see which one offers the most affordable lease terms for you.
Account for Lease Term Length
Adjust the lease term length to see how it affects your monthly payments. Understand the trade-offs between shorter and longer lease terms in terms of overall costs and flexibility.
Get a Comprehensive Cost Breakdown
Receive a detailed breakdown of all costs associated with leasing a vehicle. Understand the upfront fees, monthly payments, and additional expenses to make a well-informed financial decision.
Save and Print Lease Estimates
Save your lease estimates for future reference or print them out for comparison. This feature allows you to revisit your calculations and make adjustments before finalizing your vehicle lease.