Car lease repayment calculator Australia

Calculate your repayment on your leased car with our tool.

Calculate your car lease repayments

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.

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 lease/loan and you’ll get your repayment amount. To properly use the calculator you’ll need the total lease amount, the lease 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 lease, 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 accurate as long as the information you enter is accurate.

  • The purchase price refers to the value of the car you want to lease, which will be the total of how much you need to pay back.
  • The leasing term refers to how long you'd like to spread the repayments out over. You can change this to see how shorter or longer leases impact the repayment amounts.
  • The interest rate is the percentage of interest the lease company is charging. Many leases don't come with interest, there will be other costs instead. You can put this field as 0% if that's the case.
  • 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 but you will need to have enough money to pay a lump sum at the end of the term.

Compare a range of car loans to see how they stack up to leasing

Example of using the car lease calculator

Let's say you wanted to lease a car with a value of $80,000. You're happy to make a residual repayment of $20,000, but you need to make instalments to pay the rest.

You'd enter $80,000 into the purchase price field of the calculator and $20,000 into the residual field.

Because you're opting for a lease, you can put 0% in the interest rate field.

You'd like to see how much repayments would be if you paid over 2 years, so you enter 24 into the leasing term field.

Monthly repayments come out as $2,500 a month. Maybe that feels a little steep for you, so you enter 36 into the leasing term field instead. Your monthly repayments are now $1,666.67.

With this information you can begin a leasing arrangement knowing exactly the terms you'd like to set.

What is car leasing?

Leasing a car can be a good option for people who don't want to commit to buying a car but need more access than renting can give. You get access to a vehicle for an agreed period, which can be for personal or business use, or a combination of the two. You will generally make regular payments over the course of the lease and may have the option to buy the car or start leasing a new vehicle at the end of the lease term.

Some employers offer car leasing as a form of salary sacrifice. This is called novated leasing. You can choose between a few different types, but generally you'll have the option of maintained or non-maintained novated leasing.

Compare some car leasing companies below

Product AUFCL-UBR Price Per Week (from) Insurance Included? Membership Fee Excess Distance Cost
Splend logo
$188
Yes
$275 (26 week rental period)
$0.10 per km
Get access to fuel discounts, referral bonuses and member only benefits when you rent a rideshare car with Splend. Flexi and Flexi own options available.
More Info
DriverLend logo
$77
No
$0
$0 per km
Driverlend is a finance broker. Lease or buy a car with Driverlend and you could get up to 20% discount on dealership prices for a new vehicle.
More Info
DriveMyCar (Uber) logo
$160
Yes
$0
$0.10 per km
Get insurance, maintenance and 24-hour roadside assistance in the all-inclusive price. Discounts available for longer rental periods.
More Info
Europcar AU logo
$225
Yes
$0
$0.25 per km
Benefit from 24/7 roadside assistance, a wide range of vehicles and no signup fee to start driving with Uber. A minimum four-week rental period applies.
More Info
Hertz Uber Rental
Hertz logo
$217
Yes
$0
$0 per km
Benefit from 24/7 roadside assistance, no lock-in contracts and no joining fees. Rego and comprehensive insurance are included in the cost.
Splend logo
$319
Yes
$990 (Joining fee)
$0.10 per km
Rent a car and pay it off as you go with no lock-in contract, membership benefits and flexible rental options
More Info
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Frequently asked questions about car lease calculator

Compare car loans

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Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
loans.com.au - New/Demo - Variable Rate
loans.com.au logo
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
to 7.39%
Comp. Rate (p.a.)
7.37%
to 8.5%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$630.83
Go to siteMore Info
IMB New Car Loan
IMB logo
Fixed1 - 7 Years $2,000 - $125,000
Interest Rate (p.a.)
6.24%
Comp. Rate (p.a.)
6.59%
Application Fee
$274.78
Monthly Fee
$0
Monthly Repayment
$619.01
Go to siteMore Info
You'll receive a fixed rate of 6.24% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Stratton Finance New Car Loan
Stratton Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Simplify New Car Loan
Simplify Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
Go to siteMore Info
OurMoneyMarket New Car Loan ($5,000-$100,000)
OurMoneyMarket logo
Fixed1 - 7 Years $5,000 - $100,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
RACV New Car Loans
RACV logo
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
You'll receive a fixed rate from 7.29% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
loans.com.au - New/Demo - Fixed Rate
loans.com.au logo
Fixed3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.89%
to 8.09%
Comp. Rate (p.a.)
8.02%
to 9.2%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$636.87
Go to siteMore Info
You'll receive a fixed rate of 6.89% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.

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To make sure you get accurate and helpful information, this guide has been edited by Moira Daniels as part of our fact-checking process.
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Written by

Senior Money Writer

Rebecca Pike is Finder’s senior money writer, with over 10 years of experience in mortgages and personal finance. A frequent TV and radio commentator, she frequently appears on Sunrise, A Current Affair, 9News, and Sky News, and contributes expert analysis to publications like Yahoo Finance and The Latch. Rebecca previously served as Editor of Mortgage Professional Australia. She has a Master’s degree in Journalism as well as ASIC-recognised certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, which comply with ASIC guidelines. See full bio

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Rebecca has written 207 Finder guides across topics including:
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