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Car Lease Calculator - Monthly Payment Estimator
Free car lease calculator. Calculate monthly lease payments, total cost, and compare leasing vs buying options.
Car Lease Calculator
Calculate your monthly lease payment
Lease Details
Enter your values to see results
and click the "Calculate" button
Car Lease Calculator
Calculate your car lease payments. Leasing lets you drive a new car for lower monthly payments than buying, but you don't own the vehicle.
Lease Payment Formula
Monthly = Depreciation + Finance Charge
Depreciation = (Cap Cost - Residual) ÷ Term. Finance = (Cap Cost + Residual) × Money Factor. Lower residual = higher payments.
Frequently Asked Questions
Is leasing or buying better?
Lease if: you want new car every 3 years, drive <15k miles/year, want lower payments. Buy if: you keep cars long-term, drive lots, want to own outright.
What's a good money factor?
Under 0.003 is good (7.2% APR). Excellent credit can get 0.001-0.002. Convert APR to money factor: APR ÷ 2400.
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