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Automobile Lease Calculator to Calculate Car Lease Payment

Calculator Preferences
Automobile Lease Calculator

This calculator will calculate a car lease payment and total lease-term costs, plus give you a breakdown of how much of each payment will be going to depreciation, leasing fees, and sales taxes. The $ecret tab includes:

  • Why a lease is a loan in sheep's clothing.
  • The most costly aspect of leasing.
  • How to pay cash for a car.
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
MSRP:MSRP:Sticker price or MSRP:Sticker price or MSRP:

Sticker price or MSRP:

Enter the sticker price of the vehicle plus the cost of any additional options, but without the dollar sign or any commas. Note that MSRP stands for Manufacturer Suggested Retail Price and is usually displayed on the sticker attached to the new vehicle.

Final price:Negotiated price:Negotiated price after incentives:Negotiated price after incentives:

Negotiated price after incentives:

Enter the agreed upon price after negotiation and after subtracting dealer incentives, but without the dollar sign or any commas. This figure is what is commonly referred to as the Net Capitalized Cost.

Add'l costs:Add'l lease costs:Additional lease costs not paid upfront:Additional lease costs not paid upfront:

Additional lease costs not paid upfront:

Enter any costs that are added to the lease (base cap cost) but that are not paid upfront, but without the dollar sign or any commas. These would include costs such as acquisition fee, insurance, luxury tax, amount still owed on trade-in, extended warranty, etc..

Down pmt:Down payment:Down payment:Down payment:

Down payment:

Enter the total of any down payment you plan to make, but without the dollar sign or any commas. If none, enter 0 or leave blank. Note that when you make a down payment on a lease you may need to pay sales tax on that amount upfront. This is because what you are really doing is pre-paying depreciation, which in most cases is taxable (varies from state to state).

Trade credit:Trade-in credit:Trade-in credit:Trade-in credit:

Trade-in credit:

Enter any credit you will receive for a vehicle trade-in, but without the dollar sign or any commas. If none, enter 0 or leave blank.

Sales tax:Sales tax:Sales tax:Sales tax:

Sales tax:

Enter the total state and local tax rate that will apply to the lease. Enter as a percentage, but without the percent sign (for .06 or 6%, enter 6).

# months:# of months:Length of lease (months):Length of lease in number of months:

Length of lease (months):

Enter the number of months you will be leasing the car for. Most leases are for 24, 36, or 48 months). Note that lease terms beyond 36 months tend to eliminate any benefits that might be gained from leasing instead of buying.

Lease rate:Lease rate:Lease rate:Lease rate:

Lease rate:

If you know the money factor, click the Money factor option and enter the factor in the adjacent field. If you do not know the money factor, click the APR option and enter the new car lending rate in the adjacent field (enter as a percentage but without the percent sign). In the either case, the calculator will calculate the unknown rate for you and display it in corresponding field.

Residual value:Residual value:Residual value:Residual value:

Residual value:

If you know the percentage the leasing company will use to determine the residual value (typically 50%-58% for a 36-month lease), click the Residual % option and enter the percentage in the adjacent field. If you do not know the residual percentage, click the Residual $ option and enter the anticipated dollar value of the car at the end of the lease in the adjacent field. In either the case the calculator will calculate the unknown value for you and display it in the corresponding field (as long as the MSRP field is filled in).

Cap cost:Capitalized cost:Capitalized cost:Capitalized cost:

Capitalized cost

This is the total MSRP (Manufacturer Suggested Retail Price) as entered in the top portion of the automobile lease calculator.

Lease cost:Lease cost:Lease cost:Lease cost:

Lease cost:

This is the Net Capitalized Cost, which is the Capitalized Cost less any dealer incentives and negotiated price reductions.

Resid value:Residual value:Residual value:Residual value:

Residual value:

This is the projected value of the car at the end of the lease. In other words, if you wish to purchase the car after the leasing term has expired, this is what you might expect to pay for it.

Mon deprec:Monthly deprec:Monthly depreciation fee:Monthly depreciation fee:

Monthly depreciation fee:

This is the total reduction in value divided by the number of months of the leasing term.

Mon lease:Monthly lease:Monthly lease fee:Monthly lease fee:

Monthly lease fee:

This is the portion of your monthly payment that will be paid to the leasing company. This is essentially the same thing as the interest charges you would pay to a finance company (bank) had you purchased the vehicle instead of leasing it.

BT lease pmt:BT lease payment:Before-tax monthly lease payment:Before-tax monthly lease payment:

Before-tax monthly lease payment:

This is the total of your monthly depreciation payment and your monthly leasing fee payment. Think of it as the Principal and Interest payment on an automobile loan.

Mon tax:Monthly tax:Monthly sales tax payment:Monthly sales tax payment:

Monthly sales tax payment:

This is your monthly lease payment multiplied by the total of your state and local sales tax rates. In most states you will need to pay sales tax on the amount of each of your monthly leasing payments (some states require all sales taxes be paid upfront). This basically means that you are paying sales taxes on the leasing fee (finance charges) -- which is not the case when you make a car loan payment.

Mon pmt:Monthly pmt:Monthly lease payment:Monthly lease payment:

Monthly lease payment:

This is the total of your monthly depreciation, leasing fee, and sales tax payments.

If you would like to save the current entries to the secure online database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

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Tip

About

About the Automobile Lease Calculator

This free online calculator will calculate a car lease payment and give you a breakdown of how much of each payment will be going to depreciation, leasing fees, and sales taxes.

Plus, the calculated results also includes a lease cost chart showing you the breakdown of the total lease, depreciation, and sales tax costs for the term of the lease.

Finally, the calculator will also calculate the money factor from a new car lending rate, as well as the depreciation percentage from the residual value.

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Instructions

How to use the Automobile Lease Calculator

Step #1:

Enter the MSRP.

Step #2:

Enter the final negotiated price of the car.

Step #3:

Enter the total of any additional lease fees that are not paid upfront (acquisition fees, extended warranty, etc.).

Step #4:

Enter the down payment amount, if applicable.

Step #5:

If you are trading in a vehicle, enter the trade-in credit you will receive.

Step #6:

Enter the sales tax rate that will apply to the lease.

Step #7:

Enter the term of the lease in number of months.

Step #8:

Enter either the Money Factor or the APR, whichever is known.

Step #9:

Enter either the depreciation percentage or the estimated residual value, whichever is known.

Step #10:

Click the "Calculate Lease Payment" button and scroll down to see the results.

Saving Entries:

If your web browser supports Local Storage, you can save your entries to your web browser so won't have to start over on your next visit. Please note that your saved entries can only be retrieved from the same device and web browser you were using when you stored them. If you would like to access your saved entries from any device I invite you to subscribe to the Ad-Free Member Version.

To save your entries to your web browser, click or tap the Data tab in the Help and Tools section (mobile: top right of the main screen), select "New Data Record" from the drop-down menu, enter a name for the data record, and then tap or click the Save button.

To load previously saved entries, click or tap the Data tab and select the saved data record from the drop-down menu. You can then save any changes to your entries by simply clicking the Save button while the data record is selected.

To clear a named set of saved entries, click or tap the Data tab, select the saved data record from the drop-down menu, and then tap or click the Clear button.

Numbers and Decimals:

Only numeric characters (0-9 and decimal points) may be entered in numeric fields. Non-numeric characters (dollar signs, percent signs, commas, etc.) may cause calculation errors. If the field includes a grid icon, tapping the icon will open a popup keypad which will include only the characters allowed in the field. If your device keypad does not include a decimal point, use this popup keypad to enter decimal numbers where applicable.

Popup Tool Tips:

Tap the info (i) icons for a further explanation of each entry field (you can click [X] or outside of the pop-up tool tips to close them). A summary of these explanations, along with any additional term explanations, can also be found under the Terms tab.

Disclaimer:

Since I can't test for every possible combination of numbers, please be sure to double-check the results of this calculator yourself before considering them to be valid. If you do discover an issue with the calculated results, please report the issue using the feedback form located below the calculator.

Scrolling & Shrinking:

In order to scroll the calculator vertically you will need to swipe just outside of the calculator's dark-blue border, or use the window's far right-hand scroll bar, whichever is applicable to your device.

If the top section of the calculator becomes to tall for your viewport, tapping in the "Enter a problem..." field should reset the top section to its original height.

Disclaimer:

The Algebra Calculator is the only calculator on the site that I did not create myself. And since I did not create it, I don't have access to the code for fixing any issues you may be experiencing. So if you are having issues with the calculator, please visit the support page at Mathway.com for assistance.

Glossary

Fields, Terms, and Definitions.

Reset button:

Clicking the "Reset" button will restore the calculator to its default settings.

Pocket Calculator

Calculate any amounts needed to enter into calculator.

 

Data Management

Save and retrieve entries and notes (requires HTML5 compliant web browser).

Calculator Data

Calculator Data:

If you are using the latest version of your web browser software, this feature will allow you to save your calculator entries to your web browser's local storage in between visits. This means the calculator entries can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save data between devices you will need to subscribe to the Ad-Free Member Version.

Save: To save a new set of calculator entries, select "New Data Record" from the dropdown list, enter a nickname for the data record, then click the "Save" button.

Load: To load a previously saved set of calculator entries, simply select the name of the data record from the dropdown list.

Save Changes: To save changes to a set of previously saved calculator entries, be sure the name of the data record is selected, and then click the "Save" button.

Clear: To clear a saved set of entries, be sure the name of the data record is selected, and then click the "Clear" button.

Backup Data
My Notes:
Subscribe to the Cloud level of the Ad-Free Member Version to save your entries and notes to a secure online database, allowing you to access your saved entries from any device or web browser.

Sorry! The Save functions are bonus features reserved for those who allow ads to display on the page.

If you would like to use the Save features, please disable ad blocking for this website and refresh the page. Or you can choose to subscribe to the Ad-Free Member Version of the site.

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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