Compare and refinance
Leasing Calculator
Estimate monthly repayments on a car or equipment lease with a residual (balloon) payment at the end.
$
months
% p.a.
% of price
$20,625 due at the end. The ATO minimum for a 4-year car lease is 37.5%.
Repayments made
Monthly repayment
$993.38
For 48 months, then a residual of $20,625.
- Total interest
- $13,307.20
- Residual payment
- $20,625.00
- Total paid, including the residual
- $68,307.20
Amount owing over the lease
Show the figures as a tableHide the table
| Year | Amount owing |
|---|---|
| 0 | $55,000 |
| 1 | $47,465 |
| 2 | $39,265 |
| 3 | $30,339 |
| 4 | $20,625 |
How this calculator works
- Repayments are monthly, made at the end of each month (in arrears) or the start (in advance).
- The residual is paid at the end of the lease and is included in the total cost.
- For car leases, the ATO minimum residual values are 65.63% of the cost for 1 year, 56.25% for 2 years, 46.88% for 3 years, 37.50% for 4 years and 28.13% for 5 years.
- Fees, GST and novated lease running costs are not included.
Results are general estimates only and are not credit, tax or financial advice. They do not take your objectives, financial situation or needs into account. Check the figures with a licensed professional before making a decision.
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