Auto Lease Calculator
Calculate your monthly car lease payment including depreciation, rent charge and sales tax. Estimate the total cost of a lease.
Expected value at lease end, usually set as a % of MSRP.
Monthly lease payment
$490.21
Tax-inclusive (7%)
Residual value
$19,250
Value at lease end
Total of payments
$17,648
Over 36 months
Rent charge
$2,743
The financing cost of the lease
Lease payment = depreciation + rent charge (interest), with tax on top. Negotiating the price and keeping the residual high are the two big levers.
How it works
Depreciation = (cap cost − residual) ÷ term. Rent charge = (cap cost + residual) × money factor. Payment = depreciation + rent charge + tax.
Example: $35,000 car, $22,000 residual, 0.0018 MF, 36 months → ~$477/month + tax.
Auto Lease Calculator on True Calculator gives you an instant, accurate answer with no sign-up and no app install. Calculate your monthly car lease payment including depreciation, rent charge and sales tax. Estimate the total cost of a lease. Every result shows the formula and a worked example so you can verify the calculation yourself, and all values are computed in your own browser — your numbers never leave your device.
Popular uses: auto lease calculator · car lease calculator · car lease payment calculator
Last updated: August 2026
How We Calculate
This calculator uses standard mathematical formulas verified by our team. All calculations are performed instantly in your browser using JavaScript — no data is sent to any server. The formulas used are industry-standard and match those used by banks, financial institutions and health organizations.
For financial calculators, we use RBI-approved formulas and regularly updated bank rates. For health calculators, we use WHO-recommended formulas and medical standards. All rates and standards are sourced from official government and regulatory websites.
Frequently Asked Questions
How is an auto lease payment calculated?
Your payment is the depreciation over the lease term (capitalised cost minus residual, divided by the months) plus a rent charge based on the average of the cost and residual.
What is the residual value in a car lease?
It is the predicted value of the car at the end of the lease, set by the leasing company. A higher residual means lower depreciation and a lower monthly payment.
How does a larger down payment affect a lease?
More money down (capitalised cost reduction) lowers the financed portion and your monthly payment, though putting a big lump sum on a lease is often discouraged since you don't own the car.
Is this auto lease calculator free to use?
Yes, True Calculator's auto lease calculator is completely free with no sign-up, no app install and no usage limits.
You might also need
Related calculators from other categories
Math
Percentage Calculator
Calculate percentages, percentage difference and percentage change instantly. Work out what 20% of any number is, find discounts, markups and more.
Date
Age Calculator
Find your exact age in years, months and days from your date of birth — plus the weekday you were born on. Free and works offline.
Date
Date Difference Calculator
Count the exact number of days, weeks, months and business days between two dates. Perfect for deadlines, leave planning and projects.
Time
Time Duration Calculator
Calculate hours and minutes between two times, across midnight if needed. Ideal for shifts, travel time and event planning.