Auto Lease Calculator

Calculate your auto lease payments and compare lease vs buy options

🚗 Vehicle Details

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📊 Lease Results

Monthly Lease Payment
$617.99
Monthly Depreciation $444.44
Monthly Interest $133.12
Monthly Tax $40.43
Money Factor Equivalent APR 4.99%

Lease Summary

Down Payment $10,000.00
Upfront Tax $700.00
Total Lease Payments $22,247.78
Total Cost After Lease $58,627.78

If Purchased Instead

Monthly Payment $1,198.69
Sales Tax $3,500.00
Upfront Payment $13,500.00
Total Loan Amount $40,000.00
Total Payments $43,152.92
Total Interest $3,152.92
Total Cost to Own $56,652.92

📚 Understanding Auto Leasing

Auto Price

Also known as capitalized cost, this is the retail price of the car. You can often negotiate this down just like when buying a car.

Money Factor

This is the interest rate expressed differently for leases. To convert to APR, multiply by 2400.

Residual Value

The estimated worth of the vehicle at the end of the lease. Higher residual values mean lower monthly payments.

Lease vs Buy

Leasing typically offers lower monthly payments but you don't build equity. Consider your driving habits and preferences.

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