Car Lease Calculator

Calculate monthly lease payments, total costs, and analyze the details of your vehicle lease agreement.

Vehicle MSRP ($) Enter the Manufacturer's Suggested Retail Price.

Negotiated Price ($) Enter the negotiated/selling price of the vehicle.

Residual Value ($) Enter the residual value (if known), or leave zero and enter percentage below.

Residual Value (%) Enter the residual percentage of MSRP (typically 45-60% for a 3-year lease).

Lease Term (months) Select the length of your lease term.

Money Factor Money factor (e.g., 0.0023). Divide APR by 2400 to convert rate to money factor.

Down Payment ($) Enter any down payment or cap cost reduction.

Acquisition Fee ($) Typically $595-895 depending on the leasing company.

Disposition Fee ($) Fee charged when returning the lease, typically $350-500.

Document Fee ($) Documentation and processing fees.

Sales Tax Rate (%) Enter your local sales tax rate.

Annual Mileage The allowed annual mileage (typically 10,000-15,000).

Money Factor is a way of expressing the interest rate on a lease. To convert to APR, multiply by 2400.
Residual value is typically higher for luxury vehicles and lower for economy cars.
Most leases include a mileage allowance. Going over this limit will incur excess mileage fees (typically $0.15-0.30 per mile).
You can typically negotiate the selling price of the vehicle, but not the residual value or money factor.
Consider "lease swaps" or takeover options if you need to exit a lease early.
Watch out for hidden fees at the end of the lease, such as wear and tear charges.