Separate monthly lease depreciation, the rent charge and a tax-on-payment allowance.
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Estimated monthly lease payment
$472.23
Tax treatment varies. This model taxes payments only and excludes mileage, wear, disposition and purchase-option charges.
Depreciation = (adjusted capitalized cost − residual) ÷ term.
Rent charge = (adjusted capitalized cost + residual) × money factor.
Apply the entered tax rate to the monthly payment.
Monthly depreciation = (adjusted capitalized cost − residual) ÷ lease months. Monthly rent charge = (adjusted cost + residual) × money factor. Apply the chosen tax rate to that combined payment.
A $35,000 capitalized cost, $2,000 reduction and $21,000 residual over 36 months gives $333.33 monthly depreciation. At a 0.002 money factor, rent charge is $108; a 7% tax allowance gives about $472.23 per month.
Mileage overages, excess wear, disposition fees and buying the vehicle at the end are not included. Tax treatment varies; this page assumes tax is charged on each payment.
Last updated . Results are estimates for informational purposes only.