Lease Calculator
Calculate your monthly lease payments quickly and easily with our free lease calculator tool. Get accurate estimates for car leases, equipment leases, and more.
Understanding Lease Calculations
Our lease calculator helps you estimate monthly payments for car leases, equipment leases, or any other type of lease agreement. By entering the asset price, down payment, lease term, interest rate, and residual value, you can get an accurate estimate of what your payments will be.
How Lease Payments Are Calculated
Lease payments are determined by several factors:
- Capitalized Cost: This is the price of the vehicle or asset minus any down payment or trade-in value.
- Residual Value: The estimated value of the asset at the end of the lease term.
- Money Factor (Interest Rate): The lease equivalent of an interest rate on a loan.
- Lease Term: The duration of the lease agreement in months.
Benefits of Leasing
- Lower monthly payments compared to buying
- Ability to drive a new vehicle more frequently
- Often includes warranty coverage for the lease term
- Potential tax advantages for business leases
- No long-term commitment beyond the lease term
When to Use This Lease Calculator
Our lease calculator is perfect for:
- Comparing lease offers from different dealers
- Budgeting for a new vehicle lease
- Understanding how different terms affect payments
- Calculating business equipment lease costs
- Planning your next vehicle upgrade
Remember that actual lease terms may vary based on credit score, promotions, and other factors. Always consult with your leasing company for exact numbers before signing a lease agreement.