Estimates monthly payments for a car lease based on the vehicle's price, residual value, interest rate, and lease term.
Start with your values, or try a preset.
Enter Vehicle Price, Residual Value, Interest Rate, Lease Term, Down Payment, and Sales Tax Rate in the units shown.
Read Monthly Interest Rate, Taxable Amount, Sales Tax, Capitalized Cost, Depreciation, and Estimated Monthly Payment in the results panel. Results update as you change the inputs.
Choose a preset to load an example, then adjust the values for your situation.
See the inputs and their calculated results.
Vehicle Price: 20,000 USD; Residual Value: 10,000 USD; Interest Rate: 4 %; Lease Term: 36 months; Down Payment: 0 USD; Sales Tax Rate: 6 %
Monthly Interest Rate: 0.003333333333; Taxable Amount: 20,000 USD; Sales Tax: 1,200 USD; Capitalized Cost: 21,200 USD; Depreciation: 11,200 USD; Estimated Monthly Payment: 314 USD
Vehicle Price: 30,000 USD; Residual Value: 16,000 USD; Interest Rate: 5 %; Lease Term: 36 months; Down Payment: 1,000 USD; Sales Tax Rate: 7 %
Monthly Interest Rate: 0.004166666667; Taxable Amount: 29,000 USD; Sales Tax: 2,030 USD; Capitalized Cost: 31,030 USD; Depreciation: 15,030 USD; Estimated Monthly Payment: 422.943287 USD
Vehicle Price: 60,000 USD; Residual Value: 30,000 USD; Interest Rate: 6 %; Lease Term: 36 months; Down Payment: 2,000 USD; Sales Tax Rate: 8 %
Monthly Interest Rate: 0.005; Taxable Amount: 58,000 USD; Sales Tax: 4,640 USD; Capitalized Cost: 62,640 USD; Depreciation: 32,640 USD; Estimated Monthly Payment: 919.5333333 USD
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