Lease Calculator
A lease calculator helps individuals and businesses evaluate leasing options and calculate lease payments. Calculate car lease payments, equipment lease costs, and lease vs buy analysis for vehicles, equipment, and property leasing decisions.
Lease Calculator
Use this calculator for car leasing, equipment leasing, and lease vs buy.
Results:
| Monthly Lease Payment | $485.00 |
| Total Lease Cost | $17,460.00 |
| Depreciation Cost | $17,000.00 |
| Finance Cost | $3,975.00 |
| Sales Tax | $1,485.00 |
| Total Due at Signing | $8,485.00 |
| Effective Interest Rate | 6.0% |
| Cost per Mile | $0.49 |
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| View Lease Breakdown | |
Lease vs Buy Calculator
Compare the total costs of leasing versus buying to make informed financial decisions.
Results:
| Total Lease Cost (3 years) | $18,200.00 |
| Total Buy Cost (3 years) | $28,450.00 |
| Lease Advantage (3 years) | $10,250.00 |
| Total Buy Cost (5 years) | $44,000.00 |
| Vehicle Value (5 years) | $18,000.00 |
| Net Buy Cost (5 years) | $26,000.00 |
| Break-Even Point | 4.2 years |
| Recommendation | Lease (Short-term) |
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| View Comparison Analysis | |
Equipment Lease Calculator
Calculate equipment lease payments and analyze leasing costs for business equipment.
Results:
| Monthly Lease Payment | $1,875.00 |
| Total Lease Payments | $90,000.00 |
| Residual Value | $18,750.00 |
| Total Cost of Lease | $93,500.00 |
| Tax Savings (Annual) | $6,750.00 |
| Effective Cost (After Tax) | $66,500.00 |
| Cost per Month (After Tax) | $1,385.00 |
| Lease vs Buy Advantage | $8,500.00 |
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| View Equipment Analysis | |
Understanding Leasing
Leasing provides an alternative to purchasing that offers lower monthly payments and flexibility. Understanding lease terms, costs, and benefits helps make informed decisions about vehicle and equipment leasing versus buying.
| Lease Type | Typical Term | Down Payment | Mileage Limit | Best For |
|---|---|---|---|---|
| Car Lease | 24-48 months | $0-5,000 | 10-15k/year | New car every few years |
| Truck Lease | 36-60 months | $2,000-8,000 | 12-20k/year | Business use |
| Equipment Lease | 24-84 months | $0-10,000 | N/A | Business equipment |
| Commercial Lease | 36-72 months | $5,000-20,000 | Variable | Fleet vehicles |
Lease vs Buy Analysis
Comparing leasing and buying helps determine the most cost-effective option for your situation.
Financial Comparison
| Factor | Leasing | Buying | Advantage |
|---|---|---|---|
| Monthly Payment | Lower | Higher | Lease |
| Down Payment | Lower | Higher | Lease |
| Ownership | No | Yes | Buy |
| Equity Building | No | Yes | Buy |
| Maintenance | Often covered | Owner responsibility | Lease |
| Mileage Limits | Yes | No | Buy |
| Customization | Limited | Unlimited | Buy |
| Early Termination | Penalties | Flexible | Buy |
Equipment Leasing Benefits
Equipment leasing offers specific advantages for businesses and commercial operations.
Business Leasing Advantages
| Benefit | Description | Tax Impact | Cash Flow |
|---|---|---|---|
| Preserve Capital | No large upfront investment | Deductible payments | Improved |
| Technology Updates | Access to latest equipment | Section 179 benefits | Predictable |
| Maintenance Included | Service often included | Fully deductible | Reduced costs |
| Flexible Terms | Customizable agreements | Operating expense | Manageable |
Leasing Benefits
Leasing provides significant advantages for individuals and businesses seeking flexibility and lower costs.
Benefits of Leasing
- Lower Monthly Payments: Typically 20-30% lower than loan payments
- Minimal Down Payment: Often require little to no money down
- Warranty Coverage: Most repairs covered under manufacturer warranty
- Always Drive New: Access to latest models and technology
- Tax Benefits: Business lease payments often fully deductible
- No Depreciation Risk: Return vehicle at lease end without resale concerns