Monthly Lease Payment Calculator

Formula inputs
Asset cost 20,000.00 C
Residual value -3,000.00 R
Lease interest rate 6.00%

Lease interest rate per month 0.50% i

Number of payments 36 n
Number of payments in advance 2 a

Calculation
Monthly lease payment 526.97 Pmt

Formula used
Pmt = (C + R/(1 + i)n) x (i/((a x i) + (1 - 1/(1 + i)(n-a))))

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Notes and major health warnings

Users use this calculator at their own risk. We make no warranty or representation as to its accuracy
and we are covered by the terms of our legal disclaimer, which you are deemed to have read.

This is an example.  It is purely illustrative.  This is not intended to reflect general standards or targets
for any particular company or sector.

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