So you have decided that you may want to lease your next vehicle and need to know what your lease payment will be. Understanding a lease is very important. When you lease, you are just paying for the use of a vehicle. Your monthly payments will cover the cost of the vehicle's depreciation over the time you drive it, rather than the purchase price. When the lease is up - typically most auto leases have terms of two to four years -- you must return the vehicle to the dealership or purchase the auto outright. Be sure to check out our article "Should I Lease or Buy My Next Vehicle"

This auto calculator takes a MSRP, bargained discount, down payment, lease length and lending rate to calculate estimated lease payments.