Calculate monthly lease payments for any asset — vehicle, equipment, or property. Compare leasing vs buying and see total lease cost over the full term.
Lease Details
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(APR ÷ 2400)
0.00125 = 3% APR. Multiply by 2400 to convert to APR.
Money factor is the financing rate on a lease. Multiply by 2,400 to convert to APR. Example: MF 0.00125 × 2,400 = 3.0% APR. A lower money factor = cheaper financing = lower payment.
What is residual value?
Residual value is what the car is worth at lease end — predetermined by the dealer/manufacturer. Higher residual = lower depreciation charge = lower payment. Better residual = better lease deal.
Lease vs buy — which is better?
Leasing: lower monthly payments, drive new car every 3 years, no trade-in hassle. Buying: build equity, no mileage limits, lower long-term cost. If you drive <15K miles/year and like new cars, leasing often wins.