Lease payment calculator
Classic closed-end lease structure: monthly depreciation plus rent charge (finance) on the sum of cap cost and residual.
Educational estimate only. Real quotes depend on taxes, fees, acquisition/disposition charges, rebates, and how your state treats leases. Use your contract and broker numbers as the source of truth. Reading lease payments and the lease glossary explain the fields behind these calculators.
Agreed cap cost plus rolled-in fees, minus cap reductions (selling price basis for the lease).
Simplified: applies the rate to the whole pre-tax payment. Many states tax differently—this is only a rough layer on top.
Estimate
- Implied residual
- $24,360.00
- Depreciation / month
- $323.33
- Rent charge / month
- $75.45
- Pre-tax payment
- $398.78
Worked example
2026 BMW X5 xDrive40i — 36-month lease, 12,000 miles/year
- MSRP
- $65,000
- Net cap cost
- $58,000Agreed selling price minus rebates
- Residual (58% of MSRP)
- $37,700
- Money factor
- 0.00210≈ 5.04% APR
- Depreciation per month
- $564(58,000 − 37,700) ÷ 36
- Rent charge per month
- $201(58,000 + 37,700) × 0.00210
Add state tax on each payment (CA, NY, others) — typical 7-10% adds $54-77/mo for this example.
Payment calculator FAQ
Common questions about this calculator. For broader leasing topics, see the full FAQ.
Net cap cost (agreed price minus rebates and cap reductions), residual (percent of MSRP or dollar amount), money factor, and term in months. Taxes, fees, and acquisition charges are added separately on the signing sheet.
No. It returns a pre-tax monthly payment so you can compare structures apples-to-apples. Use the state-tax estimator for a sales-tax overlay and the drive-off decoder for itemized signing charges.
Common reasons: a higher real cap cost than advertised, money factor markup, acquisition or doc fees rolled into the payment, lower credit tier, or state-specific upfront tax. Ask for the signed lease worksheet and compare line-by-line.
Money factor varies by lender, term, residual, and credit tier. Multiply by 2,400 for a rough APR — a money factor of 0.00200 is ~4.8% APR. Check the money-factor benchmarks page for current ranges.