Auto Lease Calculator helps you estimate your monthly lease payments. The sale price of the vehicle is the final negotiated price you have agreed upon. The down payment is the capital reduction of the negotiated price, including money you put down and the trade-in allowance of your existing vehicle, if applicable. The lease interest rate is a percentage, so entering 4.2 would be 4.2%. Alternately, you can enter the money factor, or sometimes referred to as the lease factor or lease fee. It is basically the interest rate divided by 2400. The lease term is the number of months you plan to lease the vehicle, typically 24, 36, 48 or 60. The residual is the agreed value of the vehicle at the end of the lease, in dollars.
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