Asset finance, lease repayment calculator

Estimate what an asset finance, lease could cost each month, and the total over the term. Adjust the amount, term and indicative rate to see how repayments change.

£960

Indicative monthly payment at 9.4%

Total interest

£4,545

Total repayable

£34,545

Amount

£25k

£2m

Term

months

1 year

5 years

Indicative rate

% APR

See my real terms About this facility

Reading the numbers

The figures here are indicative illustrations, not quotes or offers. Your real terms depend on the lender and your circumstances.

How an asset finance, lease repayment is calculated

This calculator uses the standard amortising repayment formula, the same capital-and-interest method most UK lenders use. Each month you pay the interest due on the outstanding balance plus a slice of the capital, so the balance falls to zero by the end of the term. Early payments are mostly interest; later ones are mostly capital.

Worked example

An asset finance, lease of £30,000 over 3 years at an indicative 9.4% works out at about £959.59 a month, roughly £34,545 repaid in total, of which £4,545 is interest. Change the amount, term or rate above to see how the numbers move.

What affects your rate

Rentals depend on the asset's expected residual value at the end of the term. Assets that hold their value tend to lease more cheaply.

Common questions

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Is this the actual rental I'll pay?

No, it's an indicative illustration. Real lease rentals are set against the asset's expected end value, so the figure here is a guide rather than a quote.

Does the calculator include the residual value?

What rate should I enter?

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