Lease Calculator

Free online calculator to compute monthly payments, depreciation, interest costs, and total cost for equipment or vehicle leases.

Monthly Payment

$342.70/mo

Total Lease Cost

$14,337.14

Depreciation

$319.44

Rent Charge

$0.83

Pre-Tax Monthly Payment

$320.28

Residual Value

$16,500.00

What Is a Lease Calculator?

The lease calculator estimates monthly lease payments and total cost based on asset price, down payment, residual value, annual rate, term, and tax rate, helping you compare different lease options.

How to Use

Using the lease calculator is simple:

  • Enter the asset price, down payment, and residual value percentage
  • Enter the annual rate, term, and tax rate
  • View the monthly payment and total lease cost instantly

Tips

  • A higher down payment lowers the monthly payment
  • Residual value percentages are typically 50-65%
  • This tool is for estimation - verify the full fee breakdown before signing

Frequently Asked Questions

What makes up the monthly lease payment?+
Monthly payment = (Depreciation + Rent Charge) × (1 + Tax Rate). Depreciation = (Price − Residual Value) ÷ Term, and Rent Charge = (Price + Residual Value) × Money Factor.
What is the residual value percentage?+
Residual value is the estimated remaining value of the asset at the end of the lease, usually entered as a percentage of the price. The higher the residual value, the lower the monthly payment.
How do I convert an annual interest rate to a money factor?+
Money factor = Annual rate (%) ÷ 2400. For example, a 4.5% annual rate equals a money factor of 0.001875.
What scenarios is this calculator for?+
It suits various financing leases such as vehicles, construction machinery, and office equipment, for estimating monthly payments and comparing lease options.

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Lease Calculator — free online lease calculator, monthly lease payment, equipment lease, lease cost, residual value, lease calculator online, lease payment. No signup required. Works in your browser.