Comment l'utiliser
- Enter Vehicle price.
- Enter Residual value %.
- Enter APR %.
- Enter Term (months).
La formule
Payment = depreciation ÷ months + (cap + residual) × money factor.
Exemple concret
About this calculator
A lease payment has two parts: depreciation (the slice of the car's value you use up) and a finance charge on the money tied up in the vehicle. That's why a car that holds its value leases cheaply while a fast-depreciating one is expensive to lease even at the same price.
Dealers quote leases as a monthly number, which hides the components. Recomputing the payment yourself with this tool — and asking the dealer for the residual and money factor — is the single best defence against overpriced lease offers.
Questions fréquentes
What is residual value?
The predicted value of the car at lease end, set by the leasing company. Higher residual = lower payment.
What is a money factor?
The lease industry's way of writing interest: APR ÷ 2400. We convert your APR automatically.
Lease or buy?
Leasing buys the car's depreciation years; buying builds ownership. Compare this payment with a loan payment on the same car.
Conseils
- A shorter term costs less overall even if the payment is higher.
- Check the APR, not just the rate, to compare fairly.
- Read the fine print for fees and prepayment penalties.
Termes clés
- APR
- Yearly cost including fees, as a percentage.
- Term
- How long you repay the loan.
- Collateral
- An asset securing the loan.