Car Lease Calculator
Calculate your monthly car lease payment. Understand how vehicle price, lease term, down payment, and interest rate affect your lease expenses.
Step 1: Vehicle Details
Understanding Lease Terms
Shorter lease terms (24-36 months) typically have lower interest rates but higher monthly payments. Longer terms reduce monthly payments but increase total interest paid.
Step 2: Financial Details
About Residual Value
Residual value is the estimated value of the car at the end of the lease term. A higher residual value means lower monthly payments, as you’re paying for less depreciation.
Lease Payment Results
Estimated Monthly Lease Payment
Lease Payment Comparison
| Vehicle Type | Vehicle Price | Monthly Payment | Lease Term | Total Cost |
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Lease Cost Analysis
Lease Payment Formula
Monthly Payment = (Depreciation + Interest) / Lease Term
The monthly lease payment is calculated by determining the depreciation (vehicle cost minus residual value) plus interest charges, divided by the number of months in the lease term.
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