fincalculator
Auto Lease Calculator
Use this free Auto Lease Calculator to estimate monthly lease payments and total leasing costs. Simple, accurate, and easy to use online.
The Finance Lease Calculator computes your monthly payment based on the asset's value, its expected residual value at the end of the term, and the fixed interest rate.
Unlike a standard loan where you pay off the entire asset, a finance lease only requires you to pay for the depreciation (the difference between the Asset Value and Residual Value) plus interest on the capital tied up.
Fincalculator
INPUT VALUES
When to Use This Calculator
Use this calculator for:
- Equipment Leasing: Calculate payments for machinery or business equipment.
- Car Finance Leases: Estimate payments when you know the fixed interest rate rather than a "Money Factor".
Example Scenario
Asset Value: $50,000
Residual Value: $20,000
Lease Term: 36 Months
Interest Rate: 6%
The calculator determines the monthly payment required to pay down the $30,000 depreciation while covering interest on the outstanding balance.