Finance
Lease Payment Estimate Calculator
Roughly estimate a monthly lease payment from price, residual, and money factor.
Formula
Monthly lease payment is depreciation (price minus residual over term) plus finance charge (price plus residual times money factor).
How it works
Money factor is the lease's interest expression — multiply by 2,400 for a rough APR. Taxes, fees, and mileage charges are not included.
FAQs
What is residual value?
The expected value at lease end, set by the leasing company.
How do I get APR from money factor?
Multiply money factor by 2,400 for an approximate APR.
Why lease instead of buy?
Lower monthly payments and a newer car, but no ownership at the end.
Are these figures financial advice?
No — they are estimates for planning only, not financial advice. Check with a qualified adviser for decisions involving large sums.
Estimates only, not financial advice. Figures are approximate and do not include all fees, taxes, or changing rates unless stated.