Ford Lease Payment Calculator
Use this calculator to estimate your monthly lease payments for a new Ford vehicle. Understanding the key components of a lease, such as the capitalized cost, residual value, and money factor, can help you make an informed decision.
Estimated Lease Details:
Enter your Ford lease details and click "Calculate" to see your estimated monthly payment.
Understanding Your Ford Lease
Leasing a Ford can be an attractive option for many drivers, offering lower monthly payments compared to financing a purchase, the ability to drive a new vehicle more frequently, and often, the latest technology and safety features. This calculator helps you estimate what your monthly payments might look like.
What is a Car Lease?
A car lease is essentially a long-term rental agreement. Instead of buying the car, you pay for the depreciation of the vehicle over a set period (the lease term) plus a finance charge. At the end of the lease, you typically return the car, or you might have the option to purchase it.
Key Components of a Ford Lease Payment:
- Ford Vehicle MSRP: The Manufacturer's Suggested Retail Price. While you might negotiate a lower selling price, the MSRP is often used to determine the residual value.
- Negotiated Selling Price (Capitalized Cost): This is the price you and the dealer agree upon for the vehicle. It's the starting point for your lease calculation before any reductions.
- Lease Term (Months): The duration of your lease agreement, typically 24, 36, or 48 months. A shorter term usually means higher monthly payments but less overall depreciation.
- Residual Value Percentage: This is the estimated value of the Ford vehicle at the end of the lease term, expressed as a percentage of the original MSRP. A higher residual value means you're paying for less depreciation, resulting in lower monthly payments. Ford vehicles often hold their value well, which can be beneficial for leasing.
- Money Factor: This is the lease equivalent of an interest rate. It's a small decimal number (e.g., 0.0025) that represents the finance charge on the lease. To convert it to an annual percentage rate (APR), multiply it by 2400.
- Capitalized Cost Reduction: Any upfront payment you make to reduce the total amount being leased. This is similar to a down payment on a purchase and will lower your monthly payments.
- Trade-in Value: If you trade in an existing vehicle, its value can be applied as a capitalized cost reduction, further lowering your lease payments.
- Acquisition Fee: A fee charged by the leasing company (often Ford Credit) for setting up the lease.
- Documentation Fee: A fee charged by the dealership for processing paperwork.
- Sales Tax Rate: Sales tax is typically applied to your monthly lease payment in most states, though some states tax the entire capitalized cost upfront. This calculator applies it to the monthly payment.
How the Calculator Works:
The calculator takes these inputs to determine your monthly payment. It first calculates the total depreciation you'll pay for (Negotiated Selling Price – Residual Value), then adds the finance charge based on the money factor, and finally applies any applicable sales tax.
Tips for a Better Ford Lease Deal:
- Negotiate the Selling Price: Even though it's a lease, you can still negotiate the vehicle's selling price, which directly impacts your capitalized cost.
- Understand the Residual Value: A higher residual value is better for you, as it means you're paying for less depreciation.
- Shop for the Money Factor: Money factors can vary, so compare offers from different dealerships or consider if you qualify for promotional rates.
- Consider Lease Incentives: Ford often offers special lease deals, rebates, or lower money factors on specific models.
- Mind the Mileage: Leases come with mileage limits (e.g., 10,000, 12,000, or 15,000 miles per year). Exceeding this limit can result in significant overage charges at the end of the lease. Choose a mileage allowance that matches your driving habits.
- Read the Fine Print: Always understand all fees, wear and tear policies, and end-of-lease options before signing.
This calculator provides an estimate. For an exact quote, please consult a Ford dealership.
.ford-lease-calculator-container {
font-family: 'Arial', sans-serif;
max-width: 700px;
margin: 20px auto;
padding: 25px;
border: 1px solid #e0e0e0;
border-radius: 10px;
background-color: #f9f9f9;
box-shadow: 0 4px 12px rgba(0, 0, 0, 0.05);
}
.ford-lease-calculator-container h2 {
text-align: center;
color: #003366; /* Ford blue */
margin-bottom: 20px;
font-size: 26px;
}
.ford-lease-calculator-container h3 {
color: #003366;
margin-top: 25px;
margin-bottom: 15px;
font-size: 20px;
}
.ford-lease-calculator-container p {
line-height: 1.6;
color: #555;
margin-bottom: 10px;
}
.calculator-form .form-group {
margin-bottom: 15px;
display: flex;
flex-direction: column;
}
.calculator-form label {
margin-bottom: 5px;
font-weight: bold;
color: #333;
font-size: 15px;
}
.calculator-form input[type="number"] {
width: 100%;
padding: 10px;
border: 1px solid #ccc;
border-radius: 5px;
box-sizing: border-box;
font-size: 16px;
}
.calculate-button {
display: block;
width: 100%;
padding: 12px 20px;
background-color: #0056b3; /* Darker Ford blue */
color: white;
border: none;
border-radius: 5px;
font-size: 18px;
font-weight: bold;
cursor: pointer;
transition: background-color 0.3s ease;
margin-top: 20px;
}
.calculate-button:hover {
background-color: #004085;
}
.calculator-results {
margin-top: 30px;
padding: 20px;
background-color: #e6f2ff; /* Light blue background for results */
border: 1px solid #b3d9ff;
border-radius: 8px;
}
.calculator-results h3 {
color: #003366;
text-align: center;
margin-bottom: 15px;
}
.calculator-results p {
font-size: 16px;
margin-bottom: 8px;
color: #333;
}
.calculator-results p strong {
color: #003366;
}
.calculator-article ul {
list-style-type: disc;
margin-left: 20px;
margin-bottom: 15px;
color: #555;
}
.calculator-article ul li {
margin-bottom: 8px;
line-height: 1.5;
}
function calculateFordLease() {
var fordMSRP = parseFloat(document.getElementById('fordMSRP').value);
var negotiatedSellingPrice = parseFloat(document.getElementById('negotiatedSellingPrice').value);
var leaseTermMonths = parseFloat(document.getElementById('leaseTermMonths').value);
var residualValuePercentage = parseFloat(document.getElementById('residualValuePercentage').value);
var moneyFactor = parseFloat(document.getElementById('moneyFactor').value);
var capitalizedCostReduction = parseFloat(document.getElementById('capitalizedCostReduction').value);
var tradeInValue = parseFloat(document.getElementById('tradeInValue').value);
var acquisitionFee = parseFloat(document.getElementById('acquisitionFee').value);
var documentationFee = parseFloat(document.getElementById('documentationFee').value);
var salesTaxRate = parseFloat(document.getElementById('salesTaxRate').value);
// Input validation
if (isNaN(fordMSRP) || isNaN(negotiatedSellingPrice) || isNaN(leaseTermMonths) || isNaN(residualValuePercentage) ||
isNaN(moneyFactor) || isNaN(capitalizedCostReduction) || isNaN(tradeInValue) || isNaN(acquisitionFee) ||
isNaN(documentationFee) || isNaN(salesTaxRate) ||
fordMSRP <= 0 || negotiatedSellingPrice <= 0 || leaseTermMonths <= 0 || residualValuePercentage < 0 ||
moneyFactor < 0 || salesTaxRate fordMSRP) {
// This is a soft warning, not a hard error, as it can happen with certain markups/packages
// For calculation, we proceed with the entered negotiatedSellingPrice
}
// 1. Calculate Gross Capitalized Cost
var grossCapitalizedCost = negotiatedSellingPrice + acquisitionFee + documentationFee;
// 2. Calculate Net Capitalized Cost
var netCapitalizedCost = grossCapitalizedCost – capitalizedCostReduction – tradeInValue;
if (netCapitalizedCost < 0) {
netCapitalizedCost = 0; // Cannot have negative capitalized cost
}
// 3. Calculate Residual Value Amount
var residualValueAmount = fordMSRP * (residualValuePercentage / 100);
// 4. Calculate Depreciation Amount
var depreciationAmount = netCapitalizedCost – residualValueAmount;
if (depreciationAmount < 0) {
depreciationAmount = 0; // Cannot have negative depreciation for lease calculation
}
// 5. Calculate Monthly Depreciation Payment
var monthlyDepreciationPayment = depreciationAmount / leaseTermMonths;
// 6. Calculate Monthly Finance Charge (Rent Charge)
var monthlyFinanceCharge = (netCapitalizedCost + residualValueAmount) * moneyFactor;
// 7. Calculate Base Monthly Payment
var baseMonthlyPayment = monthlyDepreciationPayment + monthlyFinanceCharge;
// 8. Calculate Total Monthly Payment (with tax)
var totalMonthlyPayment = baseMonthlyPayment * (1 + (salesTaxRate / 100));
// Calculate totals for summary
var totalDepreciationPaid = monthlyDepreciationPayment * leaseTermMonths;
var totalFinanceChargesPaid = monthlyFinanceCharge * leaseTermMonths;
var totalLeaseCostExcludingFees = (baseMonthlyPayment * leaseTermMonths) + capitalizedCostReduction + tradeInValue + acquisitionFee + documentationFee;
var totalLeaseCostIncludingTax = totalMonthlyPayment * leaseTermMonths + capitalizedCostReduction + tradeInValue + acquisitionFee + documentationFee; // This includes upfront fees and tax on payments
// Display results
var resultsHtml = '
Your Estimated Ford Lease Payment:
';
resultsHtml += '
Estimated Monthly Lease Payment: $' + totalMonthlyPayment.toFixed(2) + ";
resultsHtml += '
Base Monthly Payment (before tax): $' + baseMonthlyPayment.toFixed(2) + ";
resultsHtml += '
Monthly Depreciation Payment: $' + monthlyDepreciationPayment.toFixed(2) + ";
resultsHtml += '
Monthly Finance Charge: $' + monthlyFinanceCharge.toFixed(2) + ";
resultsHtml += '
Total Depreciation Paid Over Lease: $' + totalDepreciationPaid.toFixed(2) + ";
resultsHtml += '
Total Finance Charges Paid Over Lease: $' + totalFinanceChargesPaid.toFixed(2) + ";
resultsHtml += '
Total Lease Cost (incl. upfront fees & tax on payments): $' + totalLeaseCostIncludingTax.toFixed(2) + ";
resultsHtml += '
Note: This estimate does not include potential end-of-lease fees (e.g., excess mileage, wear and tear, disposition fee).';
document.getElementById('leaseResult').innerHTML = resultsHtml;
}