Auto Lease Calculator

Calculate monthly auto lease payments, lease depreciation, finance rent charge, and sales tax from MSRP and residual values.

Calculator Inputs

$
Manufacturer sticker price.
$
Negotiated vehicle selling price.
$
Cash down plus trade-in equity.
%
Contractual residual value at lease end.
Lease interest rate (APR = MF x 2400).
Lease duration.

Calculated Results

Total Monthly Lease Payment
$438.50 / month
Monthly Depreciation Fee $333.33 / mo
Monthly Rent Charge (Interest) $75.17 / mo
Monthly Sales Tax (7%) $30.00 / mo
Values calculate live as you adjust inputs.

About Auto Lease Calculator

Computes motor vehicle lease installments based on net capitalized cost, contractual residual value, money factor, and sales tax.

What is Auto Lease Calculator?

Computes motor vehicle lease installments based on net capitalized cost, contractual residual value, money factor, and sales tax.

How to Use This Calculator

  1. Enter vehicle MSRP and negotiated capitalized cost.
  2. Enter down payment and residual percentage.
  3. Enter dealer money factor.
  4. View monthly depreciation, rent charge, and total lease payment.

The Mathematical Formula & Variables

Payment = Monthly Depreciation + Monthly Rent Charge + Taxes

Step-by-Step Worked Example

Scenario: $35,000 cap cost with $3,000 down (Net Cap: $32,000), 58% residual ($22,040), 0.00208 MF over 36 months.

  1. Depreciation = ($32,000 - $22,040) / 36 = $276.67/mo.
  2. Rent Charge = ($32,000 + $22,040) * 0.00208 = $112.40/mo.
  3. Base lease = $389.07 + taxes.

Result: $416.30 / month (with 7% tax)

Frequently Asked Questions

How do you convert Money Factor to APR?

Multiply the Money Factor by 2,400. For example, a money factor of 0.0025 equals 6.0% APR (0.0025 * 2400 = 6.0).