Real arithmetic, no email gate
Lease calculator
This is the same calculation a finance desk runs: depreciation, plus a rent charge, plus New Jersey tax. Change anything and the breakdown updates.
Your numbers
Start from one of our offers, or type your own figures.
Estimated monthly payment
$289
including New Jersey sales tax at 6.625%
Where the payment comes from
- Depreciation per month
- $332
- Rent charge per month
- $99
- Base payment
- $431
- NJ sales tax
- $29
- Money factor
- 0.00204
- Residual at end of term
- $18,241
- Total of payments
- $15,516
- Total cash outlay
- $18,011
An illustration only. Real quotes depend on the lender, the credit tier, fees and the mileage allowance. Nothing here is an offer of credit.
The three parts
What each number does
Depreciation
Negotiated price minus the residual, divided by the term. Usually the largest part of the payment. Lower the price or pick a car with a stronger residual and this falls.
Rent charge
The interest equivalent, calculated on the price plus the residual rather than just the amount financed. Quoted as a money factor; multiply it by 2,400 for the rough APR.
New Jersey tax
Charged on each monthly payment rather than on the whole car, at 6.625%. It moves with the payment, so a lower base payment carries a lower tax line.
Want the long version with a worked example?Read the full breakdown
Costs, in plain English
The questions that come up once people start moving the sliders.
All common questionsThe first month's payment, the acquisition fee, NJ registration and title costs, and any capitalised cost reduction you choose to put in. Our offer cards print the total rather than hiding it behind an asterisk. All figures on this site are samples for a demo and are subject to credit approval.
No. You can structure a lease with nothing down and a higher monthly figure. We will show you both versions side by side. One thing to know: if the car is totalled early, money you put down is generally not returned, which is why we rarely recommend a large capitalised cost reduction.
New Jersey sales tax on a lease is calculated on the monthly payment and is included in the figures we quote you. We itemise it on the lease worksheet so you can see exactly what it adds.
You pay a per-mile excess charge at hand-back, typically 20 to 25 cents a mile on our sample offers. Buying the miles up front at signing is always cheaper, which is why we look at your last two years of driving before setting the allowance.
Call (201) 555-0157 with anything not covered here.
Now get a real number
Send us the shape and the budget and we will come back with terms from the lenders that actually fit you.
Soft credit check first. Offers are samples, subject to credit approval.