Calculate your monthly car lease payment including depreciation, finance charges, and sales tax. Compare lease vs buy and understand residual values.
Car Lease Calculator helps you make informed financial decisions using current rates and proven formulas. Adjust the inputs below to match your situation and see your personalized results update in real time.
Results are estimates only. Not financial advice.
🔒 Financial Disclaimer: These calculations are estimates for informational purposes only. Results are not financial advice. Consult a qualified financial advisor before making major financial decisions.
Calculations based on publicly available data from government agencies. Actual results may vary based on individual circumstances.
60-month new car loans — updated April 2026
| Lender | Rate | APR | Est. Payment | Action |
|---|---|---|---|---|
Credit Union AutoBest Rate | 4.990% | 5.150% | $377/mo | Check Rate |
Online Auto Loans | 5.490% | 5.650% | $382/mo | Check Rate |
Auto Finance Direct | 5.990% | 6.250% | $387/mo | Check Rate |
National Bank Auto | 6.490% | 6.750% | $392/mo | Check Rate |
Dealer Finance | 6.990% | 7.250% | $397/mo | Check Rate |
Rates shown are for illustrative purposes. Actual rates may vary based on credit score, loan amount, down payment, and market conditions. Contact lenders directly for personalized rate quotes.
Car leasing is essentially paying for the depreciation of a vehicle over a set term rather than its full purchase price. This calculator breaks down the three components of a lease payment: the depreciation fee (the biggest portion, based on how much value the car loses during the lease), the finance fee (interest on the lease, expressed as a money factor), and sales tax. Understanding these components is key to negotiating a better lease deal. The money factor is the lease equivalent of an interest rate — multiply it by 2,400 to get the approximate APR. A lower money factor means lower finance charges. The residual value is what the leasing company estimates the car will be worth at the end of the lease term, expressed as a percentage of MSRP. A higher residual value means lower depreciation and lower payments. Luxury brands and vehicles that hold their value well (Honda, Toyota, Lexus) tend to have higher residual values. Always negotiate the capitalized cost (selling price) of the vehicle, not just the monthly payment, as dealers can manipulate payments by adjusting the term or money factor. This calculator helps you see through the numbers and evaluate whether a lease makes financial sense for your situation.
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