Car Lease Calculator
Lease Payment Calculator Guide
Use this easy car lease calculator to find monthly payment amount and sales tax on each payment (in most states) by entering basic lease parameters.
Cap Cost is the negotiated price of the vehicle, plus any other costs that will be financed in the lease.
Cap Cost Reduction is any cash down payment, sales tax credit, or rebate. It serves to reduce monthly payment amount.
Trade-In Credit is the amount offered for a trade-in vehicle. It acts as a down payment.
Residual is the estimated value of a vehicle at the end of a lease.
Lease Term is the number of months in a lease.
Interest Rate is the APR finance rate. If you have Money Factor, multiply by 2400 to get APR rate
Tax Rate should be used here only if your state taxes individual monthly lease payments. Otherwise, leave blank.
Monthly Payment is calculated from the above parameters using the standard lease payment formula.
Sales Tax is only applicable in those states that tax monthly payments and do not require full tax payment up front.