Estimate your monthly car lease payment.
A ₹12,00,000 car with a 58% residual, ₹1,00,000 down, 7.5% rate and 18% tax over 36 months leases for about ₹20,411.95 a month.
A car lease payment has three parts: depreciation (the value the car loses during the lease), a finance charge (the money factor) and tax. Enter the vehicle price, residual value, down payment, trade-in, fees, interest rate and term to see each part and the total you will pay.
Negotiate the price first — the lower the capitalized cost, the lower the payment — and compare residual values between models. Compare with buying using the Auto Loan Calculator, or check offers with the Cash Back or Low Interest Calculator.
The calculator applies the standard financial formulas step by step.
| Item | Value |
|---|---|
| Net capitalized cost | ₹11,15,000.00 |
| Residual value | ₹6,96,000.00 |
| Money factor (APR ÷ 2400) | 0.003125 |
| Depreciation fee (monthly) | ₹11,638.89 |
| Finance (rent) charge (monthly) | ₹5,659.38 |
| Tax (monthly) | ₹3,113.69 |
| Monthly payment | ₹20,411.95 |
| Total of all payments | ₹7,34,830.25 |
| Total paid including down payment | ₹8,34,830.25 |
| Case | Monthly payment |
|---|---|
| Residual 50% | ₹23,204.62 |
| Residual 58% | ₹20,411.95 |
| Residual 65% | ₹17,968.37 |
| 48-month term | ₹16,978.48 |
| No down payment | ₹24,058.48 |
Depreciation per month plus the finance charge, plus tax — based on the capitalized cost, residual value, money factor and term.
Higher is better: the car keeps more value, so you pay less depreciation. It is typically 50–65% for a 3-year lease.
The lease interest rate as a decimal. Multiply by 2,400 to convert to an APR.
Leasing offers lower payments and newer cars but no ownership and possible mileage fees. Compare total cost, not just the payment.
It lowers the payment but is lost if the car is written off early, so many advisers suggest small down payments on leases.
Excess-mileage, wear-and-tear and early-termination charges, and a disposition fee at the end.
It uses the standard formula: payment = [(cap − residual) ÷ n + (cap + residual) × (APR ÷ 2400)] × (1 + tax) The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
