Lease Calculator

Monthly lease = (Depreciation + Finance Charge) / Term + Tax. Depreciation = (Net Cap Cost - Residual) / Term. Finance Charge = (Net Cap Cost + Residual) × Money Factor.

Money factor is the lease equivalent of interest rate. Multiply by 2400 to get approximate APR. A money factor of 0.00125 = 3% APR.

Leasing has lower monthly payments but you don't build equity. Buying costs more monthly but you own the vehicle. Leasing is better if you want a new car every 3 years; buying is better long-term.

The Lease Calculator is an online tool that lets you calculate car and equipment lease payments with lease vs buy comparison. It is part of NexTool's collection of free tools designed to help you work faster and more efficiently.

Using the Lease Calculator is simple: visit the tool page, enter your data or input into the provided fields, and get instant results. Follow the controls on the page. Some functions require sign-in or a paid plan; see Pricing for limits.

The Free plan includes 10 tool uses per day. Some features require an account or a paid plan. Check the controls on the tool page and Pricing for the applicable limits.

The Lease Calculator returns results based on the inputs and the tool methodology. Check assumptions, units and source dates. Treat projections as estimates. For critical decisions, always consult a qualified professional.

Local calculations run in your browser. AI features, accounts, saved reports and external data requests use server services. Check the tool description and privacy policy for the relevant processing and storage.