Irs Tax Withholding Calculator

Professional Car Lease Calculator

Calculate your monthly lease payment, including taxes and interest (money factor).

Lease Summary

Estimated Monthly Payment: $0.00

Monthly Depreciation: $0.00

Monthly Rent Charge (Interest): $0.00

Residual Value at End: $0.00

function calculateLease() { var msrp = parseFloat(document.getElementById('msrp').value) || 0; var salesPrice = parseFloat(document.getElementById('salesPrice').value) || 0; var downPayment = parseFloat(document.getElementById('downPayment').value) || 0; var tradeIn = parseFloat(document.getElementById('tradeIn').value) || 0; var term = parseFloat(document.getElementById('leaseTerm').value) || 1; var mf = parseFloat(document.getElementById('moneyFactor').value) || 0; var resPerc = parseFloat(document.getElementById('residualPerc').value) || 0; var tax = parseFloat(document.getElementById('salesTax').value) || 0; // 1. Gross Capitalized Cost var grossCap = salesPrice; // 2. Capitalized Cost Reductions var capReduction = downPayment + tradeIn; // 3. Adjusted Capitalized Cost var adjCap = grossCap – capReduction; // 4. Residual Value var residualVal = msrp * (resPerc / 100); // 5. Depreciation Fee var depreciation = (adjCap – residualVal) / term; if (depreciation < 0) depreciation = 0; // 6. Rent Charge (Interest) var rentCharge = (adjCap + residualVal) * mf; // 7. Base Monthly Payment var basePayment = depreciation + rentCharge; // 8. Monthly Tax (Applied to monthly payment) var monthlyTax = basePayment * (tax / 100); // 9. Total Payment var totalMonthly = basePayment + monthlyTax; if (!isNaN(totalMonthly) && isFinite(totalMonthly)) { document.getElementById('monthlyTotal').innerText = '$' + totalMonthly.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('monthlyDep').innerText = '$' + depreciation.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('monthlyRent').innerText = '$' + rentCharge.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resValAmount').innerText = '$' + residualVal.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('leaseResult').style.display = 'block'; } else { alert('Please check your input values for accuracy.'); } }

Leasing a vehicle can be more complex than buying. Understanding the math behind your monthly payment helps you negotiate a better deal at the dealership.

Key Terms Explained

Before you sign a lease agreement, you must understand these four critical components that dictate your monthly cost:

• Gross Capitalized Cost: This is the price of the vehicle. Just like buying a car, you should always negotiate the sales price down from the MSRP.
• Money Factor: This represents the interest rate. To convert the money factor to a standard APR, multiply it by 2,400. For example, a money factor of 0.00125 equals a 3% APR.
• Residual Value: This is the predicted value of the car at the end of the lease term. Higher residual values lead to lower monthly payments because you are "borrowing" less of the car's value.
• Cap Cost Reduction: This includes your down payment and any trade-in equity. It reduces the total amount being financed.

Example Lease Calculation

Imagine you are looking at a luxury SUV with an MSRP of $50,000.

1. Negotiated Price: You talk the dealer down to $47,000.
2. Residual: The bank sets a 60% residual ($30,000) for a 36-month term.
3. Money Factor: The rate is 0.0015 (3.6% APR).
4. Depreciation: ($47,000 – $30,000) / 36 months = $472.22/mo.
5. Rent Charge: ($47,000 + $30,000) * 0.0015 = $115.50/mo.
6. Total: $472.22 + $115.50 = $587.72 (plus local sales tax).

3 Tips for a Better Lease Deal

1. Focus on the Sales Price: Don't tell the dealer you want a specific monthly payment. Negotiate the price of the car first, as if you were buying it with cash.
2. Check for Hidden Fees: Look for "Acquisition Fees" or "Documentation Fees" that might be added back into the Gross Cap Cost.
3. Verify the Money Factor: Dealerships sometimes "markup" the money factor provided by the manufacturer's captive lender. Ask for the "buy rate" to ensure you are getting the lowest interest possible.