The car lease calculator estimates monthly lease payments based on MSRP, residual value, lease term, and money factor. This helps compare leasing versus buying decisions.
Enter the vehicle's MSRP, expected residual value percentage (dealer provides this), lease term, and money factor (similar to interest rate). The calculator shows monthly payment and total cost.
Leasing can offer lower monthly payments than buying, but you don't build equity. This calculator helps evaluate whether leasing makes financial sense for your situation.
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Frequently Asked Questions
Similar to interest rate; multiply by 2400 to get approximate APR.
Estimated vehicle value at lease end; higher residual = lower payment.
Lower monthly payments, but no ownership; depends on your needs.
Return vehicle, buy it for residual value, or lease new vehicle.
Yes: down payment, acquisition fee, disposition fee, excess mileage/wear.