Car Lease Calculator – Calculate Your Auto Lease Payment
Lease Calculator
Calculator Only
$0.00
Total Monthly Payment
$0.00
Cash Due at Signing
Start here by entering the Manufacturer Suggested Retail Price or Window Sticker of the vehicle.
Input any dealer discount off the MSRP here that is not a rebate or incentive.
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Some models may be in higher demand with less supply and the dealership chooses to mark up the model price. Input the markup here.
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Sale Price Subtotal
M.S.R.P. minus Dealer Contribution or M.S.R.P. plus Market Area Adjustment.
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$0.00
Money you put down to lower the capital cost. Also called a Capital Cost
Reduction. This is not the total out of your pocket.
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Enter any manufacturer-to-dealer rebate(s), cash-back offers, loyalty cash or bonus
cash that are not taxed.
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Enter any manufacturer-to-to dealer rebate(s), cash-back offers, loyalty cash or bonus cash that are taxed.
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Enter the cash value of your vehicle trade in.
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Enter the payoff balance of the vehicle you are trading in.
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This is typically an additional charge applied by a car dealership to cover the cost of preparing the vehicle for sale. This may include administrative tasks, paperwork processing, vehicle inspection, washing, and detailing. It's a predetermined amount set by the dealership and is separate from the price of the vehicle, taxes, and any registration fees.
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This is a charge by the leasing company or bank to cover administrative costs of initiating a lease contract and is either charged as a Capital Cost or Upfront. In some rare circumstances it can be waived for a higher Money Factor.
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Input any applicable addition that may not be represented by the other fields. Character Max is 27.
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Input any applicable addition that may not be represented by the other fields. Character Max is 27.
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1st PMT & Fees Rolled Into Lease
This amount will be added to Adjusted Cap Cost.
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$0.00
Adjusted Cap Cost
This is the negotiated selling price of the vehicle minus any down payment, rebates, or trade-in allowances, plus any add-ons or fees. This adjusted cost is the amount that is
financed and upon which lease payments are calculated.
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$0.00
Is a percentage of M.S.R.P. and is the value the bank is saying the vehicle will be worth at the end of the term of the lease. Usually can be purchased for this amount plus fees and taxes at the end of the lease.
or
Is the value the bank is saying the vehicle will be worth at the end of the lease term expressed as a dollar amount and usually can be purchased for this amount plus fees and taxes at the end of the lease. It's set by the leasing company.
This is the lease term expressed in months.
Is essentially the interest rate on the lease. It determines how much you'll pay in finance charges over the lease term. It's presented as a small decimal number, and to get the equivalent annual percentage rate (APR), you multiply the money factor by 2,400.
Money Factor * 2400 for Approx. APR
6.000%
Monthly Depreciation
(Adj. Cap Cost - Residual Value) / Monthly Term = Monthly Depreciation
$0.00
Monthly Rent
(Adj. Cap Cost + Residual Value) * Money Factor = Monthly Rent
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$0.00
Base Monthly Lease Payment
(Monthly Depreciation + Monthly Rent) = Base Lease Payment
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$0.00
Base Lease Payment * Tax % = Tax Monthly. The tax rate applied is based on the lessee's state and the method of tax calculation can vary. This formula is the most common in the U.S.A. States
thought to use this method: AL, AZ, CA, CO, CT, DC, FL, HI, ID, IN, KS, KY, LA, MA, MI, MO, MS, NC, ND, NE, NM, NV, PA, PR, RI, TN, UT, VI, WA, WI, WV, WY.
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$0.00
Total Monthly Payment
Base Monthly Lease Payment + Tax Monthly = Total Monthly Payment. This represents the total monthly payment that you will pay for the term of the lease.
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$0.00
Tax on Sum of Monthly Payments Upfront: Monthly Payments * Term * Tax %. States thought to use this Method: GA, IA, ME, MN, NJ, NY, OH, SC, SD.
$0.00
Tax Upfront ²
Tax on Selling Price Upfront: (Sale Price Minus Trade Value If Applicable) * Tax %. States thought to use this Method: AR, DE, IL, OK, TX.
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$0.00
Tax Upfront ³
Tax on Selling Price Upfront: Sale Price * Tax %. States thought to use this Method: MD, VA.
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$0.00
Tax Upfront ⁴
Tax on Total Depreciation Upfront: (Adjusted Cap Cost - Residual Value) * Tax %. States thought to use this Method: VT
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$0.00
Customer Down Payment
This is your money down or sometimes referred to as a Capital Cost Reduction. This section (Total Cash Due at Signing), is where it is totaled along with any other taxes and fees that are due upfront or at the start of your lease and is paid at signing.
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$0.00
Tax on Down Payment
Somes States view this as upfront payments and if your State requires Monthly Tax or "Tax Upfront 1" then it is calculated as follows: If (Tax Monthly % > 0 then (Tax Monthly * Customer Down Payment) if Tax Monthly is zero, but State requires "Tax Upfront 1" then: ("Tax Upfront 1" % * Customer Down Payment).
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$0.00
Tax on Taxable Rebate(s)
Somes States view Taxable Rebate(s) as upfront payments and if your State requires Tax Monthly or any of the "Tax Upfront ¹ - ⁴" then it is calculated as follows: If (Tax Monthly % > 0 then (Tax Monthly * Taxable Rebate) if Tax Monthly is zero, but State requires "Tax Upfront ¹ - ⁴" then: ("Tax Upfront ¹ - ⁴" % * Taxable Rebate).
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$0.00
"Somes States view Trade Equity (positive difference between your trades value and the trade payoff) as upfront payments and if your State requires Tax Monthly or any of the "Tax Upfront ¹ - ⁴" then it is calculated as follows: If (Tax Monthly % > 0 then (Tax Monthly * Trade Equity) if Tax Monthly is zero, but State requires "Tax Upfront ¹ - ⁴" then: ("Tax Upfront ¹ - ⁴" % * Trade Equity).
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$0.00
First Month's Payment
This is your Total Monthly Payment and is collected with the rest of the money that is due upfront and is part of the Total Cash Due at Signing unless it is rolled into the adjusted cap cost for a Sign and Drive Lease or Zero Due at Signing Lease.
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$0.00
Tax on Acquisition Fee Upfront
If Acquisition Fee is paid upfront it is usually taxed. It is calculated as follows: If (Tax Monthly % > 0 then (Tax Monthly * Acquisition Fee Upfront) if Tax Monthly is zero, but State requires "Tax Upfront ¹ - ⁴" then: ("Tax Upfront ¹ - ⁴" % * Acquisition Fee Upfront).
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$0.00
This is a charge by the leasing company or bank to cover administrative costs of initiating a lease contract and is either charged as a Capital Cost or Upfront. In some rare circumstances it can be waived for a higher Money Factor. Be careful not to enter it twice (Font changes to red).
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Input any applicable additional upfront fee that may not be represented by the other fields for the Total Cash Due at Signing. Character Max is 27.
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Input any applicable additional upfront fee that may not be represented by the other fields for the Total Cash Due at Signing. Character Max is 27.
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Added to Adjusted Cap Cost
Final sum of Tax Upfront ¹ through Upfront Fee 2.
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$0.00
Total Cash Due at Signing
Is the amount you pay upfront when signing a car lease, which typically includes the first month's payment, acquisition fee* , down payment, any capitalized cost reduction, taxes, registration, and some dealer fees.
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$0.00
Check this box for the Lease Calculator to roll the Total Cash Due at Signing into the Adjusted Cap Cost. This raises the Total Monthly Payment as all upfront cost and fees or total out of pocket costs at the start of a lease are put into the Adjusted Cap Cost.
Sign and Drive Lease. Total Cash Due at Signing has been moved into Adjusted Cap Cost.
Check this box for the Lease Calculator to change the Customer Down Payment to
have the Total Cash Due at Signing be a custom number. Keep in mind that it must be greater than the Total Cash Due at Signing with zero Customer Down Payment or the Lease Calculator will not calculate. This is a handy calculation if you are thinking of signing for your lease with a specific Total Cash Due at Signing amount. For example, if the Total Cash Due at Signing was $1,263.70 but you wanted to put a total out of your pocket of $2,000 at signing, then it can calculate the custom amount of this Customer Down Payment to accomplish this.
Enter an amount greater than the Total Cash Due at Signing and the calculator will calculate the new Total Cash Due at Signing with this custom amount.
Enter an amount greater than the Total Cash Due at Signing and the calculator will recalculate the Customer Down Payment accordingly.
Total Cost of Lease
Cash Due at Signing + (Total Monthly Payment × (Lease Term - 1)) + Disposition Fee + Rebate(s) + Taxable Rebate(s). This represents the complete cost of the lease including all payments, fees, and manufacturer rebates.
$0.00
A typical fee charged by the leasing company to dispose of the lease when the lease is turned in at the end.
This is the total allowed miles for the full term of the lease. If you go over this amount you can expect to pay additional charges per mile if lease is turned in.
Allowed Miles Per Year
This is the total allowed miles for the full term of the lease divided by the term of the lease times 12. If you go over this amount you can expect to pay additional charges per mile.
0
Is a fee charged at the end of a car lease if the lessee exceeds the mileage limit specified in the lease agreement. The penalty is charged per mile over the limit and can significantly increase the cost of the lease if not managed properly.
Input any specific notes here that you want to remember about this particular calculation. Character Max 175.
Estimate Your Lease Payments with Confidence
Use our free, comprehensive Car Lease Calculator to break down the complex world of car leasing into simple, clear numbers. Whether you're new to leasing or a seasoned pro, this tool is designed to guide you through every step, ensuring you're fully prepared to negotiate the best deal.
Simply input details such as MSRP, residual value, money factor, and upfront fees to get a detailed breakdown of your lease costs. The interactive tooltips provide instant explanations of key terms, helping you understand each aspect of your lease calculation.
Why Use Our Lease Calculator?
- Precision Calculations: Uses the exact formulas dealers use for accurate monthly payments.
- Tax Customization: Supports different tax methods for all 50 states.
- Zero Due & Custom Due Options: Easily simulate different down payment scenarios.
- Transparent Results: See all components that make up your lease payment.
- Export & Share: Generate PDFs and shareable links for dealer negotiations.
How to Use the Calculator
Follow these steps to estimate your car lease payment:
- Enter Vehicle Details: Start with the MSRP and any dealer contributions.
- Input Lease Terms: Specify the lease duration, residual value, and money factor.
- Add Fees & Taxes: Include any acquisition fee, handling fee, or applicable rebates.
- Review the Results: Get an instant calculation of monthly payments, upfront costs, and total lease cost.
Auto Lease Calculator Terms and Definitions
Hover over the Information icon example icons next to each field for a quick explanation. Here are some key lease terms you'll encounter:
- M.S.R.P.: The Manufacturer's Suggested Retail Price or the window sticker price of the vehicle.
- Dealer Contribution: Discounts from the dealer that lower the MSRP to reduce your lease payments.
- Adjusted Cap Cost: The final negotiated price after subtracting contributions, rebates, and down payments, plus any added fees.
- Residual Value: The car's estimated worth at the end of the lease term, as determined by the leasing company.
- Money Factor: The lease's interest rate, expressed as a decimal (multiply by 2400 to get the approximate APR). Lower is better.
- Taxes: Different states calculate lease taxes in unique ways—our calculator supports multiple tax methods (upfront, monthly, on cap cost, etc.).
- Total Monthly Payment: Your complete monthly lease payment including base payment and applicable taxes.
- Cash Due at Signing: The total amount you'll need to pay when you sign your lease agreement.
Each term is linked to its corresponding field in the calculator for easy reference. Click any term to jump directly to that section in the calculator.
Breakdown of Key Lease Terms
Here's what the calculator will show you and why it matters:
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Monthly Depreciation:
This is the portion of the car's value you'll pay off during the lease.
Formula: (Adjusted Cap Cost - Residual Value) ÷ Monthly Term -
Monthly Rent Charge:
The interest cost of leasing, based on the adjusted cap cost and residual value.
Formula: (Adjusted Cap Cost + Residual Value) × Money Factor -
Base Monthly Lease Payment:
Combines depreciation and rent charges to form the base payment.
Formula: (Monthly Depreciation + Monthly Rent) -
Taxes (State-Specific):
Depending on your state, taxes might apply to the monthly payment, upfront costs, or total depreciation. The calculator accounts for various state-specific tax methods. -
Total Monthly Payment:
This is your all-inclusive monthly payment, including tax monthly if applicable. -
Cash Due at Signing:
The total amount required upfront, including the first payment, down payment, acquisition fee upfront, and upfront taxes.
Printable Breakdown of Your Lease
Take Your Calculations to the Dealership
Once you've entered your lease details, you can generate a detailed PDF breakdown of your calculations. This document includes:
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Step-by-Step Calculation of Your Lease Payments:
- See how the adjusted cap cost, residual value, and money factor are used to determine your Base Monthly Payment.
- View a clear breakdown of monthly depreciation, rent charges, and any tax calculations based on your state.
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All Key Inputs Summarized:
- MSRP, dealer contributions, rebates, taxes, trade-in details, and more.
- This makes it easy to compare offers or negotiate confidently with dealerships.
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Total Costs Highlighted:
- From monthly payments to total cost of the lease, the PDF ensures you have all the numbers in one place.
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Customizable Notes Section:
- Add your own notes or reminders for reference when visiting the dealership.
Why Print Your Lease Calculations?
- Confidence in the Numbers: Understand every component of your lease calculation, so you're never caught off guard.
- Better Negotiation: Show dealers that you've done your homework, making it easier to get a fair deal.
- Convenience: Save time by having all your lease details ready in one concise document.
Featured Lease Example – June 2025
2025 Honda CR-V AWD LX
- MSRP: $32,995
- Dealer Contribution: $36.48
- Customer Down Payment: $3,850
- Rebate: $1,500
- Acquisition Fee: $595
- Residual Value: 62%
- Lease Term: 36 months
- Money Factor: 0.00275 (6.6% APR)
Estimated Lease Results:
- Base Monthly Lease Payment: $349.00
- Tax Monthly: $0.00 (based on 0% tax rate)
- Total Monthly Payment: $349.00
- Cash Due at Signing: $4,199
This example is based on a nationally advertised lease offer for well-qualified customers through Honda Financial Services. Excludes taxes, title, and dealer fees. Offer valid through July 7, 2025. For illustration purposes only.
Source: Honda CR-V Lease Offers
FAQs
Q: Can I calculate taxes for my specific state?
A: Yes! Our calculator supports various state tax methods (e.g., monthly, upfront, or based on depreciation). Simply select the method that applies to your state.
Q: What is the "Show Custom Due at Signing" feature?
A: This feature lets you adjust the upfront amount to meet your budget. For example, if the total due at signing is $1,500 but you want to pay $2,000, the calculator will adjust the customer down payment to match.
Q: Can this calculator handle Sign and Drive leases?
A: Yes! The calculator includes a built-in Sign and Drive mode that automatically adjusts your monthly payment based on your due-at-signing amount. Just check the box next to "Show Zero Due at Signing" and the calculator will roll the Total Cash Due at Signing into the Adjusted Cap Cost, updating your lease payments accordingly — so you can see what a true zero-out-of-pocket lease looks like.
Call-to-Action
Ready to simplify your car leasing experience?
- Use the calculator now to estimate your lease payments.
- Share your results or save them as a PDF for comparison.
- Need more customization? Check out our advanced Excel template for detailed control over your lease calculations.