car-lease-calculator

Car Lease Calculator

A car lease calculator is a quick and easy way to calculate your repayments on your financed vehicle.

If you’re looking for a quick and easy way to determine your car lease repayments, you can use a car lease calculator. The car lease calculator allows you to enter in specific loan information to find out repayment amount based on that information.

This is a great tool for those who are looking to see what a future loan will cost them but it’s also a great tool for those who already have a car lease and are trying to better manage their repayments.

Stratton Finance Novated Lease

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Looking to purchase a vehicle through a novated lease? Speak to the experts at Stratton Finance.

  • Lease terms of up to 5 years
  • Purchase any vehicle you like
  • Fixed monthly repayments

Please note that the rates, fees and features mentioned here were correct at the time of publication.

Car lease calculator

Further reading: Compare a range of car loans

How to use the car lease calculator

The car lease calculator is quick and simple to use. All you have to do is enter information from your potential or current loan and you’ll get your repayment amount. To properly use the calculator you’ll need the loan amount, the loan term, the interest rate, and the repayment frequency.

If you’ve decided to have a residual or balloon payment on the back end of your car loan you’ll also need to enter that amount into the calculator. If you didn’t choose a residual or balloon payment you can leave that blank and it won’t affect the calculations. The final calculation will be as accurate as long as the information you enter in is accurate.

  • The loan amount refers to the total amount of your original loan or how much you’re looking to borrow.
  • The loan term refers to the life of the loan (how long you have to repay it) while the interest rate is the agreed upon percentage that the lender is charging you to use their money.
  • The repayment frequency is how often you plan to or how often you are already making your repayments. Repayment frequencies can be monthly, fortnightly, or weekly.
  • Residual or balloon payments are lump sums that are owed once the loan term is over. Choosing a residual payment will reduce your monthly/weekly/fortnightly repayments in exchange for the lump sum.

Case study using calculator

Jesse is looking to purchase his first car through a financier because he doesn’t have the capital to buy a vehicle outright. He wants to figure out what his repayment amounts will be before finalising his decision, so he turns to the car lease calculator for help.

He is looking for a $10,000 loan with a three-year loan term at 5% interest, and he wants to make monthly repayments. He decided against a residual or balloon payment, and so he’ll leave that field blank. He inputs the loan amount, the loan term, the interest rate, and his desired repayment frequency into the calculator and finds out that he’ll have to make monthly repayments of $271.33 plus $27.13 GST on this type of loan.

Questions you might have about the car lease calculator

Is the calculator a guarantee that a lender will approve that loan amount?

No, the calculator only provides you with an estimate of your borrowing power based on the figures you enter. The bank or lender still has the final decision about how much you can borrow and at what rate.

How accurate is the car lease calculator?

The calculator uses sound mathematics to come up with the results based on the information you enter. As long as the information you enter is accurate the result will be accurate. If you only use approximations in the calculator your final result will only be an estimate.

Do I need any personal information to use the calculator?

No, you don’t need to provide personal information like your name or address. You only need the loan information (the loan amount, the term, the interest rate, the residual amount if applicable, and the repayment frequency).


The car lease calculator is a great way to figure out your borrowing power before finalising a car loan. It’s also a simple and fast way to work out how to manage your current car loan. It can help you decide on the proper repayment frequency for you and also help you decide whether or not you’ll want to choose a residual/balloon payment.

If you’re looking to purchase a vehicle through a financier you can use the car lease calculator first to see what you can expect to make in repayments. You can also use the car lease calculator to compare loan providers in order to get the best deal possible.

Picture: Shutterstock

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