The full cost of car leasing can include a down payment, monthly payments, fees, insurance and a final residual payment.
How is a lease payment calculated?
The amount remaining after the down payment is financed. Any residual value is separated as a final payment.
What is residual value?
It is a possible payment due at the end of the contract to acquire the vehicle.
Upfront and extra costs
Fees and insurance increase the amount needed at the start and the total cost.
How should leases be compared?
Compare every monthly payment, upfront cost, fee, insurance charge and final payment.
Frequently asked questions
What does the leasing calculator show?
Monthly payment, financed amount, upfront costs and total payments.
Are leasing and car loans the same?
No. Ownership, security and contract terms can differ.
What if there is no residual value?
Leave the field at zero.
Is insurance included?
The insurance amount you enter is included in upfront costs.
Is this an official quote?
No. The result is an estimate for planning; final contract terms may differ.
Related calculators
Read the calculation methodology and finance guide for formulas and assumptions. Calculation methodology · Finance guide