Calculate your monthly car lease payment from vehicle price, residual value, and money factor. Compare leasing costs accurately before signing.
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Free car lease calculator using standard leasing industry formulas. Actual lease terms vary by dealer and may include taxes/fees not shown here. No sign-up needed.
Money factor is the lease equivalent of an interest rate, usually expressed as a small decimal (e.g., 0.002). Convert to approximate APR by multiplying by 2400. A money factor of 0.002 × 2400 = 4.8% APR equivalent.
What is residual value in a lease?▼
Residual value is the predicted worth of the vehicle at the end of the lease term, set by the leasing company. Higher residual value means lower monthly payments (less depreciation to pay for). This is usually 40-60% of original price for a 3-year lease.
Money factor is the lease equivalent of an interest rate, usually expressed as a small decimal (e.g., 0.002). Convert to approximate APR by multiplying by 2400. A money factor of 0.002 × 2400 = 4.8% APR equivalent.
What is residual value in a lease?▼
Residual value is the predicted worth of the vehicle at the end of the lease term, set by the leasing company. Higher residual value means lower monthly payments (less depreciation to pay for). This is usually 40-60% of original price for a 3-year lease.