Leasehold Calculator

Formatting only. This does not change the calculation.
Negotiated price plus fees rolled in, minus cap-cost reductions (down payment, trade-in, rebates).
The lease-end value stated in the contract. It must not exceed the adjusted capitalized cost.
The whole-term finance charge disclosed by the lessor. Used when the rent charge is stated as a total.
The lease rate as a decimal, e.g. 0.00125. Multiply by 2400 for the equivalent APR.
Sales/use tax and any recurring fee billed with each payment. Entered, never inferred.
The quoted base payment, before tax. Used only when solving for the money factor or the capitalized cost.
Cash paid up front. Reported in the lease total; it does not change the base payment, which is computed from the adjusted cap cost.
Estimated monthly payment
2,300.00
Lease Payment Calculator
Base monthly payment
2,300.00
Monthly depreciation
2,000.00
Monthly rent charge
300.00
Total rent charge
18,000.00
Total depreciation
120,000.00
Money factor
0.002500
Equivalent APR
6.000 %
Adjusted capitalized cost
120,000.00
Total of monthly payments
138,000.00
Total lease cost including cash at signing
138,000.00
Residual as a share of cap cost
0.00 %
Worked out from 12 CFR 1013.4 (Regulation M) - Content of disclosures and 2 other sources.
This is an estimate built from the figures you entered. Only the lessor's own lease agreement and Regulation M disclosures are binding.

How this is worked out

5 steps
  1. Monthly depreciation = (120000 - 0) / 60 = 2000
  2. Monthly rent charge = 18000 / 60 = 300
  3. Base monthly payment = 2000 + 300 = 2300
  4. Estimated payment = base + entered tax and fees = 2300 + 0 = 2300
  5. Money factor = 300 / (120000 + 0) = 0.0025, i.e. 6% APR

Results are general information, not financial, tax, legal, medical or engineering advice.