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About the Auto Lease Calculator
This auto lease calculator estimates your monthly lease payment and the total cost of the lease. It also shows a lease versus buy comparison so you can see which option costs less over the same period.
The tool uses the standard lease formula: (capitalized cost minus residual value) divided by the term, plus (capitalized cost plus residual value) multiplied by the money factor. You enter the vehicle price, down payment, trade-in value, residual value, lease term, money factor or APR, and sales tax rate. A practical tip: convert an annual percentage rate to a money factor by dividing it by 2400. For major decisions, consider speaking with a financial professional.
- Enter the vehicle price, down payment, and trade-in value.
- Add the residual value, lease term in months, money factor, and tax rate.
- Click calculate to view your monthly payment, totals, and the lease versus buy result.