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Free Car Lease Payment Calculator
Calculate your estimated monthly car lease payment using the dealer's numbers. Enter the MSRP (cap cost), cap cost reduction (down payment), residual value, money factor, and lease term to see your depreciation charge, finance charge, and total monthly payment.
Frequently asked questions
What is a money factor in a car lease?
The money factor is the financing cost of a lease, similar to an interest rate. To convert to an approximate APR, multiply the money factor by 2,400. For example, a money factor of 0.0025 equals approximately 6% APR.
What is residual value in a lease?
Residual value is the estimated worth of the vehicle at the end of the lease term, expressed as a percentage of MSRP. A higher residual value means lower monthly payments.
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