Price out a business equipment or asset lease from its value, expected residual, term, and quoted lease rate.

How to Use the Lease Calculator

Enter the asset's value, the residual percentage the lessor expects it to retain at the end of the term, the lease term in months, and the lease rate you've been quoted. The calculator converts that rate to a money factor internally, so there's nothing else to convert by hand.

This isn't a car-lease tool — it's built for the more general case: office equipment, machinery, fleet vehicles, medical devices, anything a business leases instead of buys outright to keep capital free for other things.

Money Factor = Lease Rate % ÷ 2400
Residual Value = Asset Value × Residual %
Depreciation Fee = (Asset Value − Residual Value) ÷ Term
Finance Fee = (Asset Value + Residual Value) × Money Factor
Monthly Payment = Depreciation Fee + Finance Fee

The residual percentage does most of the heavy lifting here. Equipment that holds its value well — a delivery van, say, compared with a specialized machine that has a narrow resale market — supports a higher residual, which spreads less of the asset's cost into the monthly payment. Lessors set this number from their own resale data, not a public standard, so two quotes on identical equipment can carry noticeably different residuals.

Total of Payments multiplies the monthly figure by the full term, which is the number worth lining up against an outright purchase price (plus any financing cost) when deciding whether leasing or buying actually costs less over the life of the equipment.

Nothing here accounts for end-of-lease buyout options, maintenance bundled into some equipment leases, or early-termination penalties — all of which vary by lessor and contract and can move the real cost of the deal substantially.