New Design Not working For You?

If the new page layout is not working for you, please Contact Me and let me know what device, operating system, and web browser (with version numbers) you are using so I can attempt to get the layout working for your setup.

About the Redesign

If you visited this site prior to September 15th, 2018, you've no doubt noticed that I've since launched a complete redesign of the website.

If you're not happy with the new design, I sincerely apologize. I would have preferred to keep the old desktop design, but considering the majority of my site's users are now accessing the site from small-screen, touch-enabled, mobile devices, and considering Google is now penalizing websites for not being mobile/thumb friendly, I was left with no choice but to switch to a responsive, mobile-first design.

The good news is that now that I have combined the three separate versions of the site (mobile, desktop, and ad-free member) into a single design, this will free up a ton of my time for working to make the mobile-optimized calculators more desktop/laptop friendly. In fact, some of the redesigned calculators already offer a desktop-optimized form that becomes visible when you increase the width setting of the calculator (within the "Calculator Preferences" expandable panel).

Thank you in advance for your help and patience as I work to improve the redesign.


Calculator Preferences
Automobile Lease Calculator Sign

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 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.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated


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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