Auto Lease Calculator
Calculate your monthly car lease payment. Understand depreciation, money factor, and total lease cost before you sign.
Lease Details
$
$
Equivalent APR
6.00%
Lease Payment Breakdown
Monthly Payment
$512.57
Total Lease Cost
$20,453
Residual Value
$19,250
Understanding Car Lease Payments
A car lease payment consists of two parts: the depreciation fee (the vehicle's value loss during your lease) and the finance charge (interest on the lease). The money factor is the lease equivalent of an interest rate — multiply it by 2,400 to get the approximate APR.
Lease vs Buy: Which is Better?
Leasing makes sense if you prefer driving new cars every 2-3 years, drive fewer than 12,000-15,000 miles annually, and want lower monthly payments. Buying is better for long-term ownership, high-mileage drivers, and those who want to build equity in their vehicle.