Lease Calculator
Estimate the monthly payment for leasing a vehicle or equipment from its price and residual value.
Quick answer: enter your details below and click Calculate — your result appears instantly, right here in your browser. Nothing you enter is uploaded or stored.
L
Calculators
Enter your details below.
How to use
- Enter the price and the expected residual value as a percentage of the price.
- Enter the lease term in months and the annual APR.
- Press Calculate to see the depreciation part, finance part and monthly payment.
About this tool
A lease payment has two parts. The depreciation part spreads the fall in value, from the price down to the residual value at the end of the lease, over the lease months. The finance part charges interest on the price plus the residual value together. Adding the two parts gives the monthly lease payment.
Frequently asked questions
What is residual value?
It is the expected value of the item when the lease ends. A higher residual value means less depreciation to pay for, so the monthly payment is lower.
Do I own the item at the end?
Not automatically. At the end of a lease you usually return it, buy it at its residual value, or start a new lease, depending on the agreement.