Asset finance — lease repayment calculator
Estimate what a 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.
£
months
% APR
Est. monthly payment
£799.66
Total repayable
£28,788
Total interest
£3,788
Indicative illustration only — not a quote. Your actual rate and repayments depend on the lender and your circumstances.
Check your real optionsHow a 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.
For example, a 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. The figures here are indicative illustrations, not quotes or offers — your real terms depend on the lender and your circumstances.
Frequently asked questions
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?
No. A lease prices the rentals against the asset's expected residual value at the end of the term, so real rentals can differ from this straight capital-and-interest view.
What rate should I enter?
The default is indicative. Assets that hold their value tend to lease more cheaply, so the rate you're offered depends heavily on the asset itself.
See what you qualify for
Start your application now — it's free, takes minutes, and there's no credit check to view your options.