A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. The narrower term rental agreement can be used to describe a lease in which the asset is tangible property. Language used is that the user rents the land or goods let or rented out by the owner.

This calculator is designed to help you work out monthly lease repayments.

  1. Enter your annual interest rate, lease amount, term and residual value (if applicable)
  2. Click once in the relevant "Monthly Repayments" box to calculate your result
  Commercial Consumer
Annual Interest Rate       %       %
Monthly Interest Rate       %       %
       
Amount of Lease $ $
Term in Months
Residual Value      % 0

  

  
Result    
      
Monthly Repayments $ $