Rex says
Money math without the spreadsheet headache. Plug in your numbers and I'll show you exactly where the dollars land.
Try a scenario
Click to load — tweak from there.Inputs
Result
Monthly payment with tax
$532.49
Base payment
$499.99
Depreciation portion
$348.89
Rent charge (interest)
$151.10
Equivalent APR
6.00%
Total lease cost
$21,670
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One click, a permanent link with your numbers baked in.
How to use this
- 1Enter msrp ($).
- 2Enter negotiated capitalized cost ($).
- 3Enter cap cost reduction (down) ($).
- 4Enter residual value (% of MSRP).
- 5Enter money factor.
- 6Enter term (months).
- 7Enter sales tax on payment (%).
- 8Read your monthly payment with tax on the right — it updates as you type.
- 9Hit Share to keep the scenario or send it to someone.
About this calculator
A lease payment is depreciation plus rent charge. Money factor × 2,400 gives you the equivalent APR — a 0.00250 money factor is a 6% interest rate.
Worked example
Using the values the calculator loads with:
Inputs
- MSRP: 42000 $
- Negotiated capitalized cost: 39000 $
- Cap cost reduction (down): 2500 $
- Residual value: 57 % of MSRP
- Money factor: 0.0025
- Term (months): 36
- Sales tax on payment: 6.5 %
Results
- Monthly payment with tax: $532.49
- Base payment: $499.99
- Depreciation portion: $348.89
- Rent charge (interest): $151.10
- Equivalent APR: 6.00%
- Total lease cost: $21,669.57
What each field means
Inputs
- MSRP ($)
- The msrp used in the calculation, measured in $. Starts at 42000 $ so you have a working example on load.
- Negotiated capitalized cost ($)
- The negotiated capitalized cost used in the calculation, measured in $. Starts at 39000 $ so you have a working example on load.
- Cap cost reduction (down) ($)
- The cap cost reduction (down) used in the calculation, measured in $. Starts at 2500 $ so you have a working example on load.
- Residual value (% of MSRP)
- The residual value used in the calculation, measured in % of MSRP. Starts at 57 % of MSRP so you have a working example on load. Accepted range: 0–100 % of MSRP.
- Money factor
- The money factor used in the calculation. Starts at 0.0025 so you have a working example on load.
- Term (months)
- The term (months) used in the calculation. Starts at 36 so you have a working example on load. Accepted range: 12–60.
- Sales tax on payment (%)
- The sales tax on payment used in the calculation, measured in %. Starts at 6.5 % so you have a working example on load. Accepted range: 0–15 %.
Results
- Monthly payment with tax
- Returned as a money amount in US dollars and shown as the headline result. It recalculates instantly whenever you change an input, so you can compare scenarios without reloading.
- Base payment
- Returned as a money amount in US dollars. It recalculates instantly whenever you change an input, so you can compare scenarios without reloading.
- Depreciation portion
- Returned as a money amount in US dollars. It recalculates instantly whenever you change an input, so you can compare scenarios without reloading.
- Rent charge (interest)
- Returned as a money amount in US dollars. It recalculates instantly whenever you change an input, so you can compare scenarios without reloading.
- Equivalent APR
- Returned as a percentage. It recalculates instantly whenever you change an input, so you can compare scenarios without reloading.
- Total lease cost
- Returned as a money amount in US dollars. It recalculates instantly whenever you change an input, so you can compare scenarios without reloading.
FAQ
How does the car lease payment calculator work?
A lease payment is depreciation plus rent charge. Money factor × 2,400 gives you the equivalent APR — a 0.00250 money factor is a 6% interest rate. The underlying maths is: Payment = (Cap cost − Residual) ÷ Term + (Cap cost + Residual) × Money factor.
What do I need to enter?
7 values: msrp, negotiated capitalized cost, cap cost reduction (down), residual value, money factor, term (months), and sales tax on payment. Each field starts with a sensible default, so you can change one number at a time and watch the result move.
What does the monthly payment with tax result mean?
It is returned as a money amount in US dollars and updates live as you edit the inputs, so you can compare two or three versions of a scenario in a few seconds.
Is this calculator free, and do I need an account?
Yes, it's free, and no account is required. Nothing you type is stored on our servers — the maths runs entirely in your browser.
How accurate is the result?
It applies the standard formula exactly, so the arithmetic is precise. Results are estimates before tax, fees, and inflation unless an input explicitly covers them.
Who is this tool for?
It's built for anyone comparing money scenarios before committing — budgeting a payment, sanity-checking a quote, or seeing what a change in rate or term actually costs.
Accuracy and limitations
- Results are estimates before tax, fees, and inflation unless an input explicitly covers them.
- Rates are treated as fixed for the whole period — variable-rate products will drift from this projection.
- This is educational maths, not financial advice. Check anything contractual with the lender or your accountant.
Related tools
Cite this calculator
Writing about this topic? Grab a citation — every link helps keep these tools free.
RevenueLab. (2026). Car Lease Payment Calculator. Retrieved from https://www.revenuelab.fyi/toolbox/car-lease-payment
<p>Source: <a href="https://www.revenuelab.fyi/toolbox/car-lease-payment" target="_blank" rel="noopener">Car Lease Payment Calculator — RevenueLab</a> (2026).</p>
Source: [Car Lease Payment Calculator — RevenueLab](https://www.revenuelab.fyi/toolbox/car-lease-payment) (2026).