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Car On Loan Calculator

Estimate your monthly car loan payment based on price, down payment, residual value, loan term, and money factor.

Calculate Your loan Payment

Estimated value at lease end
Interest rate (e.g., 0.00125 for 3%)

Lease Payment Estimate

Your lease payment estimate will appear here after calculation

About Car on Loan Calculator

This calculator estimates your monthly car lease payment using the standard lease formula. It considers the car's price, your down payment, the vehicle's residual value, the lease term, and the money factor (interest rate).

How to Use:

  • Car Price: The total Manufacturer's Suggested Retail Price (MSRP)
  • Down Payment: The initial amount you pay upfront
  • Residual Value: The car's estimated worth at the end of the lease
  • Lease Term: The duration of the lease in months (e.g., 24, 36, 48)
  • Money Factor: The lease interest rate (e.g., 0.00125 represents 3% APR)
Example: Car Price: $35,000, Down Payment: $2,000, Residual Value: $18,000, Lease Term: 36 months, Money Factor: 0.00125. Adjusted Price: $33,000. Depreciation: ($33,000 - $18,000) / 36 = $416.67. Rent Charge: ($33,000 + $18,000) * 0.00125 = $63.75. Monthly Payment: $416.67 + $63.75 = $480.42.

Note: This is an estimate. Actual payments may include fees, taxes, and vary based on the leasing company's terms.

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