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Lease payment checker: see how your dealer's lease payment is built

Copy the numbers from your dealer's lease worksheet and see how the monthly payment is built: depreciation, rent charge, and tax. This checker applies the standard lease formula to your numbers only. It does not look up taxes, rates, or residuals. For general information only; nothing here is a quote or a final figure.

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On the buyer’s side Negotiating since 2002, online since 2020 New, CPO, and lease, nationwide $100 to start, 1% when you buy. How It Works

Check your dealer's lease numbers

Pick buying or leasing below. Then type in each line from the dealer's lease worksheet, and the payment updates as you go.

Example numbers are filled in. Replace each one with the figure on your lease worksheet, and leave a line at 0 if your worksheet does not have it.

The car

The sticker price. Used only to compare the deal against it.
Also called the capitalized cost.
The leasing company's fee to set up the lease, if rolled in.
Documentation fee and any other fees rolled in.

Money down and trade

Paid at signing.
Manufacturer lease cash applied to the deal.
What the dealer is paying for your car.
Anything still owed on it.

Lease terms

The dollar amount on the worksheet. Set by the lender.
The lease interest rate, as shown on the worksheet. Roughly 6.0% APR.
Number of monthly payments.

Tax and signing

The tax added to each payment, exactly as the quote shows it. Use 0 if it shows none.
Title, registration, and any taxes or fees the worksheet lists as due at signing.
The payment printed on the worksheet. We will tell you if the numbers above lead to it.

For information only. This applies the standard lease formula to the numbers you typed in. It is not a quote, an offer, a guarantee, or legal, tax, or financial advice. Lenders round and tax differently, so only the dealer's and lender's signed documents are definitive.

Your worksheet, worked through

Monthly payment

Depreciation$365.39
Rent charge (the interest)$143.09
Quoted tax$30.00
Monthly payment$538.47

Due at signing

Cash down$2,000
First month's payment$538
Other amounts due at signing$350
Due at signing$2,888
Total lease cost over 36 months$21,735

Against the sticker price

Selling price vs MSRP$2,000 below (5.3%)
Residual as a share of MSRP58.0%
Fees rolled into the lease$1,194

On these numbers, each $1,000 off the selling price is about $30 a month before tax, $1,090 over the lease.

A money factor 0.0004 higher (about 1% APR) would add about $824 over the lease, before tax.

Want us to negotiate it? On this lease our total would be $460: the $100 retainer plus the 1% success fee on the negotiated selling price or MSRP, whichever is lower, before tax and fees. How the fee works

For the fee to pay for itself, the selling price would need to come down by at least $460. Every deal is different, and no savings are guaranteed.

Have the lease worksheet? Send it to us and we will check every line.

Send Us the Lease Worksheet

How a car lease payment is calculated

Three numbers decide almost every lease. Dealers quote the payment because it hides them.

How is a lease payment calculated?

Two parts, plus tax. Depreciation is the selling price minus the residual value, spread over the months of the lease. The rent charge is the selling price plus the residual, times the money factor. Add the two, then add any tax your state charges on a lease. The dealer's worksheet shows that tax. Fees rolled into the lease and cash down change the selling-price side of the math.

What is a money factor, and how do I convert it to APR?

The money factor is the lease's interest rate written as a small decimal. Multiply it by 2,400 for an approximate APR: a money factor of 0.00250 is about 6%. Lenders publish a base money factor, and dealers are often allowed to mark it up. Ask for the base rate in writing.

Is it a good idea to put money down on a lease?

Usually not, or only a little. Cash down lowers the payment, but if the car is stolen or totaled early, GAP coverage pays off the lease and the down payment is gone. Many buyers keep the amount due at signing to the first payment, taxes, and registration.

Can the numbers in this calculator be negotiated?

Most of them. The selling price, any money factor markup, dealer fees, and add-ons are all negotiable. The residual value is set by the lender and is not. That is what our car lease negotiation service works on, before you visit the dealer.

Have a lease quote? Send it over.

Send us the dealer's numbers, and we will tell you what is real about them: the selling price, the money factor, the residual, and the fees. How lease negotiation works.

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This checker only works with the numbers you enter, and the result is only as accurate as those numbers. It does not calculate or verify lease tax, MSRP, residual values, money factors, or any fee, and it is not a quote, an offer, a guarantee, or legal, tax, or financial advice. How a lease is taxed depends on your state, county, city, and leasing company. The dealer's and lender's documents are the final word. A disposition fee may be charged when you return the car. Car Price Negotiator is not responsible for decisions made using this tool. See the terms of use.