Auto Lease Calculator
Estimate your monthly car lease payments.
Estimated Monthly Payment
Understanding the Auto Lease Formula
Leasing a car can be complex. Here are the key components:
- Capitalized Cost: The customized price of the vehicle after negotiations and down payments.
- Residual Value: The car's estimated worth at the end of the lease. High residual values mean lower monthly payments.
- Money Factor: The interest rate presented as a decimal. Multiply by 2400 to get the approximate APR.