เงณ0 / month
โ
Depreciation portion
โ
Finance portion
โ
Total of payments
A lease pays for the vehicleโs depreciation plus a finance charge. Monthly = (net cap cost โ residual) รท term + (net cap cost + residual) ร money factor, where money factor = APR รท 2400.
Frequently Asked Questions
Why is a lease cheaper than a loan payment?
A lease only finances the part of the vehicleโs value you use up (depreciation) plus interest, not the whole price โ so monthly payments are usually lower, but you do not own the vehicle at the end.
Calculate a car lease payment from price, residual value, rate and term.