Auto Lease Calculator
Estimate monthly lease payments.
Key Lease Terms
- Capitalized Cost: The negotiated selling price of the vehicle. Always negotiate this just like buying a car!
- Residual Value: The estimated value of the car at the end of the lease. A higher residual value means lower monthly payments.
- Money Factor (MF): The interest rate presented as a decimal. Multiply by 2,400 to get the approximate APR (e.g., 0.0025 × 2400 = 6% APR).
Lease vs. Buy
Leasing offers lower monthly payments and a new car every few years, but you have mileage limits and never build equity. Buying usually costs more monthly but leads to ownership.