Auto Lease Calculator
Calculate monthly lease payment from the capitalized cost, residual value, money factor, and term.
Inputs
Multiply by 2400 to approximate APR
Monthly lease payment
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Depreciation portion
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Finance (rent) charge
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Approximate APR
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Total lease cost
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About Auto Lease Calculator
Money factor to APR
Money factor × 2400 ≈ APR. 0.00250 ≈ 6% APR. Captive lenders (Toyota, Honda) often have published "tier 1" money factors; ask for them.
Residual value
The leasing company\u2019s estimate of value at end of lease. Higher residual = lower depreciation = lower monthly. Toyota / Honda / Lexus typically have the highest residuals.
Lease vs buy
Lease if you want a new car every 3 years and drive under 12-15k miles. Buy if you keep cars 7+ years, drive heavy miles, or want to avoid wear-and-tear charges.