Lease Calculator

Enter the asset value, residual value, lease term, and annual interest rate under Fixed Rate. The calculator discounts the residual value and spreads the financed amount across end-of-month payments.

This calculator uses a standard present-value model with monthly compounding. Each payment covers that month’s interest on the outstanding balance and reduces the balance toward the residual value.

Residual value is the estimated value of the asset at the end of the lease. A higher residual generally lowers the monthly payment because less of the asset’s value is used during the term.

Yes. Choose Fixed Payment, enter the known monthly amount, and the calculator solves for the implied nominal annual interest rate. It also displays the effective annual rate.

Enter the equipment cost as the asset value, then add the expected end-of-term residual, the full lease term, and the nominal annual rate. The equipment lease payment calculator discounts the residual and amortizes the remaining present value into monthly payments.

The schedule shows each month’s opening balance, payment, interest, principal reduction, and ending balance. The final balance should approach the residual value, subject to display rounding.

Yes. Fixed Payment mode works as an implied lease interest rate calculator: enter the asset value, residual value, term, and known payment to solve the nominal APR and effective annual rate.

This calculator assumes ordinary-annuity timing, meaning each payment is made at the end of the month. A lease with payments due in advance needs an annuity-due adjustment and will produce a different result.

Only for a simplified financed-asset payment. Commercial real-estate leases often add rent escalations, usable area, CAM, taxes, insurance, and NNN expenses that are not included here.

The core present-value math can provide a rough comparison, but vehicle leases often use capitalized-cost reductions, acquisition fees, taxes, rebates, mileage terms, and a money factor. Use a dedicated auto lease calculator for a complete quote.

A common auto-leasing convention estimates nominal APR by multiplying the money factor by 2,400. This general lease calculator accepts APR directly rather than a money factor.

A lease is the contract granting use of an asset for a stated term, while rent usually refers to the periodic payment. Everyday usage varies, and the agreement controls the actual rights and obligations.

A quote may include taxes, fees, insurance, maintenance, deposits, advance payments, different compounding assumptions, or a different residual value. Compare every input and payment-timing rule in the contract.