Lease Calculator
Find the monthly payment on a lease from the asset's value, its residual value, the term and the rate.
Change the values and press Calculate to work out your own figures.
Enter the value, residual, term and rate.
Show the working
- payment = (value − residual ÷ (1 + i)^n) × i ÷ (1 − (1 + i)^−n)
How to use it
Enter the value, residual, term and rate.
Enter amounts without commas or with them; rates are percentages (5 for 5%). Negative amounts are allowed where a sign means money paid out.
Key facts
payment = (value − residual ÷ (1 + i)^n) × i ÷ (1 − (1 + i)^−n)
Questions
What is the payment on a $20,000 lease with an $8,000 residual?
$405.06 over 3 years at 6%.
Formulas
payment = (value − residual ÷ (1 + i)^n) × i ÷ (1 − (1 + i)^−n)
Sources
Limitations
- Results are estimates for planning, not offers or financial advice; lenders and banks may round, count days or time payments differently.
- Rates are nominal annual rates compounded as you choose; payments at a different frequency use the equivalent periodic rate.