Estimate the monthly payment on a lease from price, residual value and rate.
Payment = depreciation + finance charge + tax. A ₹15,00,000 asset with a 55% residual, ₹1,00,000 down, 8% rate over 36 months costs ₹23,700.00 a month.
A lease charges you for the part of the asset's value you use up, plus a finance charge. This calculator takes the price, residual value, down payment, trade-in, fees, rate and term and splits the monthly payment into depreciation, finance (rent) charge and tax.
A higher residual value means lower payments, but you own nothing at the end unless you buy at the residual. Compare with buying using the Loan Calculator; for cars see the Auto Lease Calculator.
The calculator applies the standard financial formulas step by step.
| Item | Value |
|---|---|
| Net capitalized cost | ₹14,10,000.00 |
| Residual value | ₹8,25,000.00 |
| Money factor (APR ÷ 2400) | 0.003333 |
| Depreciation fee (monthly) | ₹16,250.00 |
| Finance (rent) charge (monthly) | ₹7,450.00 |
| Tax (monthly) | ₹0.00 |
| Monthly payment | ₹23,700.00 |
| Total of all payments | ₹8,53,200.00 |
| Total paid including down payment | ₹9,53,200.00 |
| Case | Monthly payment |
|---|---|
| Residual 45% | ₹27,366.67 |
| Residual 55% | ₹23,700.00 |
| Residual 65% | ₹20,033.33 |
| 48-month term | ₹19,637.50 |
| Rate 12% | ₹27,425.00 |
Monthly depreciation (cap cost − residual ÷ months) plus a finance charge on the average of the two, plus tax.
The lease's interest rate expressed as a small decimal; multiply by 2,400 to get the APR.
The estimated value of the asset at the end of the lease, set in advance as a percentage of the price.
The price the lease is based on, after fees, down payment and trade-in.
Leasing often has lower monthly payments but no ownership at the end. Compare the total cost, not only the payment.
You return the asset, buy it at the residual value, or start a new lease — check for mileage, wear and early-termination charges.
It uses the standard formula: payment = (cap − residual) ÷ n + (cap + residual) × (APR ÷ 2400) The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
