How to Calculate the Answers to Your Leasing Questions

Before you decide to lease a car or other large piece of equipment, be sure you aren't taking on more than you can afford. Use the following calculators to answer questions about your lease terms before entering into an agreement.

4 Helpful Leasing Calculators

• How much can I afford to lease? Figure out the cost of your monthly payments and the length of your payment plan to know how much you can afford to lease.
• What will be my lease residual? This calculator computes what the item you're leasing will cost at the end of your lease term.
• How much will my lease payments be? Use this calculator to figure out how much your payments will be based on how much you owe, the rate, residual and number of payments.
• What is my lease rate? This calculator computes the lease rate based on a payment amount, lease amount, residual amount and lease term.

Although these calculators can give you estimates, you may still want to meet with a personal financial counselor before entering into a significant lease agreement. A financial counselor can help you see how the lease fits into the full picture of your finances so you can make a smart decision.