Calculate Ma Excise Tax

Professional Car Lease Calculator

Estimated Monthly Payment

$0.00

Monthly Depreciation: $0.00

Monthly Rent Charge (Interest): $0.00

Monthly Sales Tax: $0.00

Total Capitalized Cost: $0.00

Residual Value: $0.00

function calculateLease() { var msrp = parseFloat(document.getElementById('msrp').value); var downPayment = parseFloat(document.getElementById('downPayment').value) || 0; var tradeIn = parseFloat(document.getElementById('tradeIn').value) || 0; var term = parseInt(document.getElementById('leaseTerm').value); var residualPercent = parseFloat(document.getElementById('residualPercent').value); var apr = parseFloat(document.getElementById('apr').value); var taxRate = parseFloat(document.getElementById('salesTax').value); if (isNaN(msrp) || msrp <= 0) { alert('Please enter a valid MSRP.'); return; } // Calculate Gross Capitalized Cost (assuming no extra fees for simplicity) var capCost = msrp – downPayment – tradeIn; // Calculate Residual Value var residualValue = msrp * (residualPercent / 100); // Calculate Monthly Depreciation var depreciationFee = (capCost – residualValue) / term; // Calculate Rent Charge (Interest) // Rent Charge = (Net Cap Cost + Residual) × Money Factor // Money Factor = APR / 2400 var moneyFactor = apr / 2400; var rentCharge = (capCost + residualValue) * moneyFactor; // Base Monthly Payment var basePayment = depreciationFee + rentCharge; // Monthly Tax var monthlyTax = basePayment * (taxRate / 100); // Total Monthly Payment var totalMonthly = basePayment + monthlyTax; // Update UI document.getElementById('monthlyPaymentDisplay').innerText = '$' + totalMonthly.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('depreciationPart').innerText = '$' + depreciationFee.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('rentPart').innerText = '$' + rentCharge.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('taxPart').innerText = '$' + monthlyTax.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('totalCapCost').innerText = '$' + capCost.toLocaleString(); document.getElementById('residualAmt').innerText = '$' + residualValue.toLocaleString(); document.getElementById('resultArea').style.display = 'block'; }

---

How to Use the Car Lease Calculator

Leasing a vehicle can be more complex than a standard auto loan. Our car lease calculator helps you break down the monthly costs so you can negotiate a better deal at the dealership. To get an accurate estimate, you will need several key pieces of information:

Key Leasing Terms Explained

• MSRP: The Manufacturer's Suggested Retail Price. This is the "sticker price" of the car.
• Capitalized Cost (Cap Cost): The price you negotiate for the vehicle. In this calculator, we subtract your down payment and trade-in from the MSRP to find your "Net Cap Cost."
• Residual Value: What the car is worth at the end of the lease. It is usually expressed as a percentage of the MSRP. A higher residual value means lower monthly payments because you are paying for less depreciation.
• Money Factor: This is essentially the interest rate for a lease. To convert APR to Money Factor, divide by 2400. Our calculator handles this conversion automatically.
• Lease Term: The duration of your lease agreement, typically 24, 36, or 48 months.

Lease Calculation Example

Imagine you are looking at a luxury sedan with an MSRP of $45,000. You negotiate a deal where you put down $5,000 and have no trade-in. The bank sets a 36-month residual at 58% and an APR of 4.0%. Your local sales tax is 8%.

1. Net Cap Cost: $45,000 – $5,000 = $40,000
2. Residual Value: $45,000 * 0.58 = $26,100
3. Depreciation: ($40,000 – $26,100) / 36 = $386.11/month
4. Rent Charge: ($40,000 + $26,100) * (4.0 / 2400) = $110.17/month
5. Total Base Payment: $386.11 + $110.17 = $496.28
6. With Tax: $496.28 * 1.08 = $535.98 per month

Tips for a Better Lease Deal

To lower your monthly payment, focus on three things: negotiating the Gross Capitalized Cost (the sales price) just as if you were buying the car, choosing a vehicle with a high Residual Value, and checking for Lease Specials which often offer lower Money Factors than standard bank rates.