Car Lease Repayment & Amortization Calculator

Our car lease repayment & amortization calculator will calculate the monthly installment repayments for a car lease based on a given interest rate, loan term and residual or balloon payment.

Note: To simulate a car loan without a residual or balloon payment, use our Car Loan Repayment Calculator.

Car Lease Details:

Purchase Price Remember to make allowance for any relevant tax, stamp duty, registration, insurance or other costs to be included in the loan where applicable.

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Enter whole numbers only please, no dots, commas etc.

Balloon/Residual Value The Residual (or Balloon) represents the amount due for repayment at the end of the Loan Term.

A large Residual will mean lower monthly payments but at a greater cost over the term.

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% of Purchase Price

Term of Loan Select the number of years over which you would repay the loan.

A longer Loan Term will mean lower monthly repayments but at a higher cost overall.

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The options below are indicative of what lenders currently offer.

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Years

Interest Rate Select an interest rate for the calculator simulation.

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The range of rates listed below are representative of those currently available.

Your actual rate can only be confirmed after you apply.

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% per Annum

calculate

Important!

Car Lease Interest Rates differ from lender to lender and will depend on your individual circumstances (credit history, employment status, age, etc.). To find out if you qualify ... and for a free, personalised interest rate and repayment quote, please CLICK HERE

Car Lease Amortization Calculator

The following amortization graphs detail month-by-month data on the progress of the proposed loan. The first chart below examines the reducing loan balance over the course of the finance contract term. The second graph illustrates the portion of each monthly repayment allocated to payment of interest vs principal reduction.

Car Lease Amount

This amount should represent the total cost of the vehcle including all on-road costs.

Costs such as car rego, stamp duty, etc as invoiced by a new or used dealer are often included in a car loan as part of the sale price of the vehicle.

Car Lease Residual Value

The "lease residual", a.k.a. "balloon payment" is the amount to be paid at the end of the loan term.

It is only upon payment of the residual amount that the ownership of the vehicle passes to you under the car lease contract.

Car Leasing Interest Rates

Interest rates for Car Leasing are fixed at the beginning of the loan and the car lease repayments will not change throughout the term.

Car Finance Interest Rates can vary dramatically from one finance company to another, however, and your credit history or other factors may also impact on the rate you will be offered.

Car Lease Term

When buying a vehicle using Car Lease Finance, it is advisable to select a loan term to coincide with the number of years that you would anticipate retaining the vehicle.

It is also recommended that the residual percentage you select for the lease is not greater than what the car is likely to be worth at the end of the lease term.

Simply enter the details and click the [calculate] button in order to calculate the monthly Car Lease repayment amount.