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Free Car Lease Calculator
Estimate your monthly car lease payments accurately. Understand how the Money Factor, Residual Value, and Negotiated Price affect what you pay at the dealership.
Understanding Lease Terms
- Capitalized Cost ("Cap Cost"): The negotiated price of the vehicle. Lowering this lowers your payment.
- Residual Value: The car's estimated worth at the end of the lease. A higher residual value usually means lower monthly payments.
- Money Factor: The financing charge expressed as a decimal. Multiply by 2,400 to see the equivalent APR%.
Lease vs. Buy
Leasing often offers lower monthly payments than buying because you are only paying for the depreciation of the car during the term (plus rent). However, when you buy, you own an asset at the end.