Lease Calculator

Lease Details

Lease Type

Asset Value ($)

Residual Value ($)

Lease Term (months)

Interest Rate (%)

Down Payment ($)

Additional Costs

Sales Tax Rate (%)

Acquisition Fee ($)

Disposition Fee ($)

Monthly Maintenance ($)

Lease Analysis

Monthly Payment

$0.00

Total Payments

$0

Total Cost

$0

Effective Rate

0.00%

Month	Payment	Principal	Interest	Remaining Value

Understanding Leases

Types of Leases

Closed-End Lease

Fixed term and payments
Return asset at end
Mileage restrictions
Wear and tear limits

Open-End Lease

Flexible terms
Purchase option
No mileage limits
Residual value risk

Key Terms

Capitalized cost (Asset value)
Residual value
Money factor (Interest rate)
Acquisition and disposition fees
Maintenance responsibilities

Lease vs. Buy

Lower monthly payments
New asset more often
Tax advantages
No ownership equity
Possible extra fees