Auto Lease Takeover Calculator

This calculator could show whether the lease transfer you’re considering is a good deal. Be aware that you’ll need to know the residual value and the original lease term. You may have to contact the current leasee for these numbers.

Why an auto lease takeover calculator is important

Most lease transfer offers list monthly payment and number of months remaining on the lease. But that doesn’t tell you the whole story. A lease takeover calculator will show you whether the offer is a good deal based on the car’s value: its value now and its value when the lease is over and you have the option to buy it.

Used-car value

Although the leased car you’re looking to take over is probably pretty new, it still counts as a used car since you will be the second leasee. The used-car value is how much the car is worth right now and may be found using a free, online industry guide like NADAguides. We recommend using the private party value for the most conservative estimate.

Do not use $ sign or commas, example - 50000

Monthly lease payment

This is the current monthly payment paid by the original leasee. It is not the “effective lease payment” that includes any incentives.

Do not use $ sign or commas, example - 450

Length of original lease

This is how long the first leasee agreed to lease the car. It’s most likely 36 months (3 years), but again, check with the owner to be sure.

Example - 36

Remaining lease term

This is how many months are left in the original lease. It’s how long you would lease the car.

Example - 24

Residual value or lease-end buyout price

This is how much the car is worth at the end of the lease according to the original contract. It’s how much you’d pay to buy the car at the end of the lease if you wanted to.

Do not use $ sign or commas, example - 20000

Interest rate

This is the APR that you might pay to the finance company to lease the car.

Do not use % sign, example 4.80

Cash incentive

Current leasees sometimes offer money to offset the monthly payment or cover lease transfer fees. This amount could be zero or it could be several thousand dollars.

Do not use $ sign or commas, example - 1000

Fees or other charges

If you would have to pay transfer fees, inspection fees or anything else in order to take over the lease, include that amount.

Do not use $ sign or commas, example - $200

What the results mean

Expected monthly payment

Your expected monthly payment if you were to lease the same vehicle, on your own, at the dealer today.

not including any state sales tax or DMV fees

Actual monthly payment

This is how much you would actually pay each month to lease the car.


Expected total cost

Amount you would expect to pay in total to lease the car if you got it from a dealer today.


Actual total cost

This is how much you would actually pay for the lease takeover.


The bottom line

This is the difference between the reasonable total cost and the actual total cost. If the number is negative, the actual cost is higher than the reasonable cost and it isn’t a great deal. If the number is positive, it’s a good deal.


What you can do with the results


If the “bottom line” number was positive, and all your input numbers are right, congratulations! This particular lease takeover may be a good deal. You could contact the current leasee and initiate taking over the lease.


If the numbers are negative, you could use the results to negotiate a better deal with the current person trying to get out of their lease. For example, if the “bottom line” number is negative by $2,000, you could ask the person to give a cash incentive of $2,000 toward the lease.

Keep looking

If the numbers were negative by a significant amount or the seller didn’t want to negotiate, you could look for another lease takeover that is a better deal.

This calculator is designed to be an informational and educational tool only, and when used...Read More