Lease Repayment Calculator
If you have searched “Lease Repayment Calculator” or “Leasing Calculator” on Google or Bing, you are not alone. It is one of the most popular search terms in the world of leasing. So much so, that the vast majority of our leasing sector pages now have their own personalised lease repayment calculators.
Leasing Calculator – Such a popular term we have a dedicated leasing calculator website.
If you are after indicative lease finance rates, then please use our free to use lease repayment calculator. We have a generic calculator at one of our micro websites, www.leasingcalculator.co.uk. You can even get an indication of whether you can get credit cleared.
It’s really simple to use and even better still, we do not ask you to fill in all your details first. If you wish to contact us for more information, excellent, we are here to help. If not, use it anyway.
How do we calculate lease repayments?
Lease repayments will depend on a number of factors:
- The capital value of the equipment you are looking to lease.
- The term in years – the longer the term, the lower the monthly rental.
- The interest rate. Our lease repayment calculator will only ever give you an indicative lease repayment. New start companies – which we really like dealing with – present a higher level of financial risk to a leasing company and hence are charged more compared to an established company.
- The asset – car leasing rates are much cheaper than other equipment. Financing computer equipment will normally have higher interest rates compared to machinery that has a high second-hand value.
- Deposits and residual values. The bigger the deposit, the cheaper the monthly rental. We see this in vehicle finance all the time where some companies ask for nine months rental upfront, then a further 35 rentals. That’s equivalent to 44 monthly payments. Compare this to a lease repayment profile of one month on delivery followed by 35 months. Also, if you build in a balloon payment or residual value, this will have a positive affect on the monthly lease repayment.
- Lease repayment frequency. Most companies will make monthly repayments. However, you can make lease repayments on a quarterly, six monthly or even one every year.
Lease repayment calculators can only ever give you a guide price
Please do not hold us to the figure on our lease repayment calculator. They are only a guide. If you are an established company buying a good asset, we will definitely be able to improve on the lease repayment we have illustrated. Likewise, if we struggle finding a funder to finance your lease, the repayment may well have to be higher.
We will always search for the best lease rate for you
To win your lease business we have to be competitive, with our access to over 50 UK funders meas we can provide industry leading rates. Please call us on 01494 611 456 to see how we can find you the very best lease rate for your business. Alternatively, please click below and enquire online now.
