Auto Lease Calculator
Lease Payment
Lease vs Buy Comparison
Formula
Monthly Lease = Depreciation + Finance Charge; Depreciation = (Net Cap Cost - Residual) / Term; Finance = (Net Cap Cost + Residual) × Money Factor
Frequently Asked Questions
What is a money factor?
A money factor is the lease equivalent of an interest rate. Multiply by 2,400 to get the approximate APR. For example, a money factor of 0.0025 equals about 6% APR.
What is residual value?
Residual value is the estimated value 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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