Auto tools
What's my car lease payment?
A lease payment is two numbers added together: depreciation and a finance charge. Once you can build it yourself, you can tell which part of a dealer's quote is negotiable — and which isn't.
The vehicle and the deal
LEASE TERMSOf MSRP, not price.
Multiply a money factor by 2,400 to get the APR, or divide an APR by 2,400 to get the factor.
Money down and tax
UP FRONTEquity in the trade reduces the capitalized cost the way cash down does. Owe more than it is worth and the shortfall is added instead — financed across a car you hand back at the end.
Most states tax the monthly payment. A few — Texas and Illinois among them — tax the selling price once at signing instead, which moves the money into due-at-signing and takes it out of the payment.
Enter the MSRP and negotiated price to build the payment.
All four happen in your browser. Your figures are not sent anywhere — the email opens in your own mail app, already filled in.