Auto Lease Calculator

Vehicle MSRP ($):

Down Payment ($):

Residual Value (%):

Money Factor:

Lease Term (months):

How to Use the Auto Lease Calculator

An Auto Lease Calculator is a digital tool that helps users estimate the monthly payments and total cost of leasing a vehicle based on the car’s price, lease terms, residual value, and interest rate (money factor).

If you’re planning to lease a car, understanding your financial commitment is essential. This calculator simplifies the process, allowing you to plug in a few key numbers and get instant results.

How to Use the Calculator

Step 1: Enter the Vehicle MSRP

This is the Manufacturer’s Suggested Retail Price — the sticker price of the car. You can usually find this on the dealer’s site or the car’s information sheet.

Step 2: Enter the Down Payment

Input how much money you will put down at the start of the lease. This reduces the total amount financed.

Step 3: Enter the Residual Value (%)

The residual value is the estimated value of the car at the end of the lease term, expressed as a percentage of the MSRP. Your dealer typically provides this value (e.g. 55%).

Step 4: Enter the Money Factor

The money factor is the leasing equivalent of an interest rate. You can convert an interest rate to money factor by dividing it by 2400. For example:

6% APR = 0.06 / 2400 = 0.0025

Step 5: Enter the Lease Term

Choose how long you want to lease the vehicle — typically 24, 36, or 48 months.

Step 6: Click “Calculate Lease”

The calculator will instantly show:

Monthly Payment – how much you’ll pay per month
Total Lease Cost – total of all payments, including the down payment

Example Scenario

Let’s say you’re leasing a $30,000 car with:

$3,000 down payment
55% residual
0.0025 money factor
36-month lease term

Your monthly payment would be around $325–$375, and the total cost would be approximately $15,000–$16,000, depending on exact figures.