This calculator is intended solely for general informational and educational purposes and is provided as a rough estimate based on the information provided above by the user. You should not take action based on the information provided through this calculator alone. Please note that title, registration, and other fees and personal circumstances such as employment status and debt-to-credit ratio were not considered in the calculations. Personal circumstances may have a significant effect on interest rates an individual might qualify for. When available, we recommend that you use interest rate information provided to you by your dealer or lender.
- Tax rate information provided above is specifically for the zip code entered and is based on data by zip2tax.com.
- Instead of using a traditional interest rate, dealers may refer to a "money factor" or "lease factor" or "lease fee" as an industry term used in the calculation of monthly lease payments. This factor is approximately equal to the lease interest rate divided by 2400. For example, if you were quoted a money factor of 0.0025 by your dealer, you can use an approximate interest rate of 6% in the calculator above to get an estimate for your monthly lease payment.
- Residual value is the leasing company's assumption of the vehicle's value at the end of the lease term. This value may have a significant impact on the monthly lease payments. If a new car is selected, we will populate the residual value with an estimate based on average depreciation values provided by our data provider Vincentric. For more targeted calculations, we recommend that you use the residual value provided to you by your dealer or lender.