Lease Calculator

Vehicle Price (MSRP)

Residual Value (%)

Money Factor

Equivalent APR: 3.00%

Lease Term (months)

Down Payment

Trade-In Value

Sales Tax Rate (%)

Monthly Payment

$508.37

Total Lease Cost

$20,301

Equivalent APR

3.00%

Monthly Payment Breakdown

Depreciation$411.11

Rent Charge (Interest)$64.00

Pre-Tax Payment$475.11

Sales Tax (7%)$33.26

Monthly Payment$508.37

Depreciation

Rent Charge

Tax

Total Lease Cost Summary

Net Cap Cost

$33,000

Residual Value

$18,200

Total Depreciation

$14,800

Total Interest

$2,304

Money Factor to APR Reference

APR = Money Factor x 2400 | Money Factor = APR / 2400

Money Factor	APR	Rating
0.00050	1.20%	Excellent
0.00100	2.40%	Good
0.00150	3.60%	Average
0.00200	4.80%	Fair
0.00300	7.20%	Poor
0.00400	9.60%	Very Poor

Lease vs Buy Comparison

Lease Term Comparison

Term	Monthly	Total Cost	Total Interest
24 months	$728.31	$19,480	$1,536
30 months	$596.35	$19,890	$1,920
36 monthsSelected	$508.37	$20,301	$2,304
39 months	$474.53	$20,507	$2,496
42 months	$445.53	$20,712	$2,688
48 months	$398.40	$21,123	$3,072