What this calculator does
Car lease payment (money factor) works out monthly lease payment from depreciation and finance charges. Enter your own figures above and the answer updates as you type: nothing is fixed in the code, so the result reflects exactly the numbers you supply.
The formula this calculator evaluates is printed under the tool and explained below, so you can check the working by hand or reuse it in a spreadsheet.
The formula
FormulaMoney factor = APR / 2400; Depreciation fee = (Net cap cost − Residual) / Term; Finance fee = (Net cap cost + Residual) × Money factor; Payment = Depreciation fee + Finance fee
The inputs explained
| Field | What to enter |
|---|---|
| Negotiated price (capitalised cost) ($) | A number, measured in your currency. Starts at 32000. |
| Down payment / cap cost reduction ($) | A number, measured in your currency. Starts at 2000. |
| Residual value at lease end ($) | A number, measured in your currency. Starts at 18000. |
| Lease APR (equivalent interest rate) (%) | A number, measured in %. Starts at 6. |
| Lease term (months) | A number, measured in months. Starts at 36. |
| Sales tax on the payment (%) | A number, measured in %. Starts at 0. |
Worked examples
Every figure in the tables below is produced by this page’s own calculator at build time, so the numbers and the tool always agree. Select any row to load that scenario.
How the answer changes with negotiated price (capitalised cost)
Every other input is held at the calculator’s starting values while negotiated price (capitalised cost) varies. Select any row to load that scenario into the calculator.
How the answer changes with negotiated price (capitalised cost)