:: Calculators :: Car Loan Repayment
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.
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
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.
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.
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.
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.
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.