ganak.appAuto Lease Calculator
Free auto lease calculator. Calculate your auto lease payment with money factor, residual value, and cap cost breakdown. Includes lease vs buy comparison and full payment schedule.
Payment Breakdown
How your monthly payment is split
Lease Summary
Key figures for your 36-month lease
Due at Signing
551
Total Lease Cost
20K
Total Depreciation
16K
Total Finance Charges
4.1K
Lease Details
Underlying rates and residual for your lease
Effective Monthly
$550.52
551
Money Factor
0.00208
5% APR ÷ 2400
Residual Value
$19,250.00
55% of asset price
Lease vs Buy Comparison
Side-by-side cost analysis over 36 months
| Metric | Lease | Buy |
|---|---|---|
| Monthly Payment | $550.52 | $1,048.98 |
| Total Cost | $19,818.75 | $37,763.33 |
| Equity at End | $0.00 | $19,250.00 |
Leasing saves $498.46/mo but you own nothing at the end.
Payment Schedule
Month-by-month breakdown of your lease payments
| # | Payment | Depreciation | Finance | Tax | Balance |
|---|---|---|---|---|---|
| 1 | $550.52 | $437.50 | $113.02 | $0.00 | $34,562.50 |
| 2 | $550.52 | $437.50 | $113.02 | $0.00 | $34,125.00 |
| 3 | $550.52 | $437.50 | $113.02 | $0.00 | $33,687.50 |
| 4 | $550.52 | $437.50 | $113.02 | $0.00 | $33,250.00 |
| 5 | $550.52 | $437.50 | $113.02 | $0.00 | $32,812.50 |
| 6 | $550.52 | $437.50 | $113.02 | $0.00 | $32,375.00 |
| 7 | $550.52 | $437.50 | $113.02 | $0.00 | $31,937.50 |
| 8 | $550.52 | $437.50 | $113.02 | $0.00 | $31,500.00 |
| 9 | $550.52 | $437.50 | $113.02 | $0.00 | $31,062.50 |
| 10 | $550.52 | $437.50 | $113.02 | $0.00 | $30,625.00 |
What Is a Lease Calculator?
Estimate monthly payments for auto and equipment leases
A lease calculator estimates your monthly lease payment based on the asset price, residual value, interest rate (or money factor), lease term, and any upfront costs. Unlike buying, leasing means you pay for the depreciation of the asset during your lease term plus a finance charge — not the full purchase price.
This calculator works for both auto leases and equipment leases, with multi-currency support covering USD, EUR, GBP, INR, AUD, CAD, and more. It also provides a lease-vs-buy comparison to help you make an informed financial decision.
Auto
Lease
Cars, trucks, SUVs
Equipment
Lease
Machinery, tools, tech
Compare
Lease vs Buy
Side-by-side analysis
How Lease Payments Are Calculated
Three components that make up every lease payment
Step 1: Monthly Depreciation
Depreciation = (Adj. Cap Cost − Residual Value) / Lease Term
The portion of the asset's value you “use up” during the lease.
Step 2: Monthly Finance Charge
Finance Charge = (Adj. Cap Cost + Residual) × Money Factor
The interest cost. Money Factor = APR ÷ 2400.
Step 3: Total Monthly Payment
Payment = (Depreciation + Finance Charge) × (1 + Tax Rate)
Add sales tax to get your final monthly amount.
Worked Example
Vehicle: $35,000 | Residual: 55% ($19,250) | APR: 5% | Term: 36 months | No down payment
- Money Factor = 5.0 ÷ 2400 = 0.00208
- Depreciation = ($35,000 − $19,250) / 36 = $437.50/mo
- Finance Charge = ($35,000 + $19,250) × 0.00208 = $113.02/mo
- Monthly Payment = $437.50 + $113.02 = $550.52
Key Lease Terms Explained
Understanding the language of leasing
Money Factor vs APR
The money factor is the lease equivalent of an interest rate. Divide APR by 2400 to get money factor (e.g., 6% APR = 0.0025). Lower money factor = lower finance charges. You can negotiate this like a loan rate.
Residual Value
The estimated worth of the asset at lease end, expressed as a percentage of the original list price. Higher residual = less depreciation = lower monthly payments. Set by the leasing company and typically not negotiable.
Capitalized Cost (Cap Cost)
The negotiated price of the asset minus down payment, trade-in, and rebates, plus any fees rolled into the lease. Negotiating a lower selling price directly reduces your monthly payment.
Lease vs Buy
Leasing typically offers lower monthly payments since you only pay for depreciation. However, buying builds equity. Use the comparison table above to see the trade-off for your specific numbers.
Dealers are not required to disclose the money factor. Always ask for it and convert to APR (money factor × 2400) so you can compare with loan rates.
Common Lease Mistakes to Avoid
Pitfalls that cost lessees thousands
Ignoring the money factor
Dealers may quote money factor instead of APR to make the rate seem lower. Always convert to APR (money factor × 2400) to compare with loan rates.
Large down payment on a lease
Unlike buying, a large down payment on a lease is risky — if the car is totaled or stolen, gap insurance may not refund your upfront money.
Exceeding mileage limits
Most auto leases include a mileage cap (typically 10,000–15,000 miles/year). Excess mileage fees of $0.15–$0.30 per mile can add up fast.
Not negotiating the selling price
The list price is not the final price. Negotiate the selling price (cap cost) down, just like you would when buying. Every dollar saved reduces your monthly payment.
About the Lease Calculator
How this calculator works and what it covers
This calculator computes your monthly lease payment using the standard US auto-lease formula. Enter your asset price, residual value, and APR to get an instant breakdown of depreciation, finance charges, and tax. Toggle between Auto and Equipment lease modes, compare lease vs buy side-by-side, and view a full month-by-month payment schedule — all with multi-currency support.
Frequently Asked Questions
Common questions about lease payments, money factors, and residual values
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