Auto Lease Calculator
Calculate your monthly lease payment instantly. Enter negotiated price, residual value, money factor, and lease term to see your estimated lease cost.
Lease Payment Calculator
Frequently Asked Questions
What is a good money factor for a car lease?
A good money factor is 0.0025 or lower (equivalent to 6% APR or less). Divide the money factor by 2400 to get the equivalent APR. For excellent credit (750+), you may qualify for 0.0010–0.0020 (2.4%–4.8% APR equivalent).
How is residual value determined?
Residual value is set by the leasing company (usually the bank or captive finance company) based on the vehicle's predicted worth at the end of the lease. It's expressed as a percentage of MSRP. Luxury brands (Lexus, BMW) tend to have higher residual values (55–65%), while mainstream brands average 50–58%.
Is it better to lease or buy a car?
Leasing is better if you prefer driving a new car every 2–3 years, want lower monthly payments, and drive under 12,000–15,000 miles per year. Buying is better if you drive a lot, want to build equity, or plan to keep the car for 5+ years. Use our Car Affordability Calculator to compare both options.
Can I negotiate the residual value?
No, residual value is set by the leasing company and cannot be negotiated. However, you CAN negotiate the capitalized cost (the price of the car), which directly lowers your monthly payment. Always negotiate the price as if you were buying, then apply those terms to the lease.