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About the Lease Calculator
This lease calculator estimates monthly lease payments, the total cost of the lease, and how leasing compares with buying the same vehicle or equipment. You get a clear payment breakdown you can check against dealer quotes.
The calculation follows the standard lease formula. It subtracts the residual value from the capitalized cost to find depreciation, spreads that over the term, and adds a rent charge based on the money factor applied to the average of the capitalized cost and residual value. Inputs include vehicle price, down payment, fees, residual value, money factor, lease term, and sales tax. Ask the dealer for the money factor and residual value before you negotiate, since these numbers drive most of the cost.
- Enter the vehicle price, down payment, and any fees.
- Add the residual value, money factor, lease term, and tax rate.
- Review the monthly payment and totals, then compare with the buy option.