Is that lease payment as cheap as it looks?

Break down depreciation, finance charge, tax and monthly lease cost.

When this calculator is useful

Estimate a vehicle lease payment using negotiated price, residual value, money factor, lease term and applicable payment tax.

What to enter

Enter MSRP, negotiated price, cap-cost reduction, fees rolled into the lease, residual percentage, money factor, lease term and monthly-payment tax assumption.

How to read the result

Review the estimated monthly lease payment together with the adjusted capitalized cost and residual value that drive the lease calculation.

Questions worth testing

Compare a lower negotiated price, less money down, a different residual value or money factor, and shorter versus longer lease terms.