Auto Lease Calculator
Find a car lease's monthly payment from the price, residual value, money factor or APR, down payment and tax.
Change the values and press Calculate to work out your own figures.
Enter the price, term, rate, residual and down payment.
Show the working
- payment = ((cap cost − residual) ÷ months + (cap cost + residual) × money factor) × (1 + tax)
How to use it
Enter the price, term, rate, residual and down payment.
Enter amounts without commas or with them; rates are percentages (5 for 5%). Negative amounts are allowed where a sign means money paid out.
Key facts
payment = ((cap cost − residual) ÷ months + (cap cost + residual) × money factor) × (1 + tax); money factor = APR ÷ 2,400
Questions
What is the lease payment in CN's worked example?
$517.63 a month.
Formulas
payment = ((cap cost − residual) ÷ months + (cap cost + residual) × money factor) × (1 + tax); money factor = APR ÷ 2,400
Sources
Limitations
- Results are estimates for planning, not offers or financial advice; lenders and banks may round, count days or time payments differently.
- Rates are nominal annual rates compounded as you choose; payments at a different frequency use the equivalent periodic rate.