Lease Calculator

Calculate monthly lease payments for cars and equipment. Compare lease vs buy costs, understand money factor and residual value, and see total cost breakdowns for informed leasing decisions.

Vehicle Price (MSRP)

Residual Value (%)

Money Factor

Equivalent APR: 3.00%

Lease Term (months)

Down Payment

Trade-In Value

Sales Tax Rate (%)

Monthly Payment

$508.37

Total Lease Cost

$20,301

Equivalent APR

3.00%

Monthly Payment Breakdown

Depreciation$411.11

Rent Charge (Interest)$64.00

Pre-Tax Payment$475.11

Sales Tax (7%)$33.26

Monthly Payment$508.37

Depreciation

Rent Charge

Tax

Total Lease Cost Summary

Net Cap Cost

$33,000

Residual Value

$18,200

Total Depreciation

$14,800

Total Interest

$2,304

Money Factor to APR Reference

APR = Money Factor x 2400 | Money Factor = APR / 2400

Money Factor	APR	Rating
0.00050	1.20%	Excellent
0.00100	2.40%	Good
0.00150	3.60%	Average
0.00200	4.80%	Fair
0.00300	7.20%	Poor
0.00400	9.60%	Very Poor

Lease vs Buy Comparison

Lease Term Comparison

Term	Monthly	Total Cost	Total Interest
24 months	$728.31	$19,480	$1,536
30 months	$596.35	$19,890	$1,920
36 monthsSelected	$508.37	$20,301	$2,304
39 months	$474.53	$20,507	$2,496
42 months	$445.53	$20,712	$2,688
48 months	$398.40	$21,123	$3,072

How to Use Lease Calculator

1Enter vehicle MSRP and residual value
2Set money factor and lease term
3Add down payment and trade-in
4Compare lease vs buy costs

Frequently Asked Questions

How is a lease payment calculated?▾

Monthly lease = (Depreciation + Finance Charge) / Term + Tax. Depreciation = (Net Cap Cost - Residual) / Term. Finance Charge = (Net Cap Cost + Residual) × Money Factor.

What is a money factor?▾

Money factor is the lease equivalent of interest rate. Multiply by 2400 to get approximate APR. A money factor of 0.00125 = 3% APR.

Is leasing or buying better?▾

Leasing has lower monthly payments but you don't build equity. Buying costs more monthly but you own the vehicle. Leasing is better if you want a new car every 3 years; buying is better long-term.

About Lease Calculator

Calculate monthly lease payments for cars and equipment. Compare lease vs buy costs, understand money factor and residual value, and see total cost breakdowns for informed leasing decisions.

NexTool's Lease Calculator is completely free to use with no sign-up required. Your data is processed directly in your browser and never sent to our servers, ensuring complete privacy and instant results.