Lease Calculator
Calculate monthly lease payments, total costs, and compare leasing vs. buying options for vehicles, equipment, or property.
Step 1: Lease Details
36 months
Lease Types
Operating Lease: Payments for use, asset returns at end. Finance Lease: Payments cover asset cost, may include purchase option.
Step 2: Financial Details
5.5%
50%
Residual Value
This is the estimated value of the asset at the end of the lease term. Higher residual values typically result in lower monthly payments.
Lease Payment Estimate
Summary
Payment Schedule
Lease vs. Buy
Estimated Monthly Payment
$567.50
36-month lease term
Total Lease Cost
$20,430
Interest Paid
$2,430
Residual Value
$17,500
Effective APR
5.5%
Lease Payment Schedule
| Month | Payment | Principal | Interest | Remaining Balance |
|---|
Lease vs. Buy Comparison
Lease Calculation Formula
Monthly Payment = (Asset Value – Residual Value + Interest) ÷ Lease Term
Monthly lease payment calculation based on depreciation, money factor (interest), taxes, and fees. Residual value is the estimated value at lease end.
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