justyourcalculatorLease Calculator
The payment for any lease, or the interest rate hidden inside one.
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Lease Calculator
Lease payment or the rate built into a lease
Monthly lease payment
$1,007.62
- Total of 36 payments
- $36,274.32
- Depreciation paid for
- $30,000.00
- Total interest (finance charge)
- $6,274.32
- Depreciation$30,000
- Interest$6,274
How it was calculated
- Present value of the residual = $20,000.00 / (1 + 0.005)^36 = $16,712.90
- Payment = (value - PV of residual) / annuity factor × (1 + i) = $1,007.62
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How the lease calculator works
A lease payment repays the drop in value (asset value minus residual) plus interest on the money tied up. In present-value terms: value = payment × annuity factor + residual / (1 + i)^n, where i is the monthly rate. Lease payments are usually due at the start of each month.
The rate tab solves the same equation for i, which shows the true interest rate of a lease quote that only tells you the payment.
Using and checking your result
Published by JustYourCalculator. Check the units and assumptions above, and compare a known example before relying on the output. Calculations use browser arithmetic and may round displayed values.
This is an educational estimate, not a lender quote, tax filing calculation or investment recommendation. Actual costs depend on current rules, fees and your circumstances. Verify important decisions with official sources and a qualified adviser.
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