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Monthly Payments when Leasing or Financing a Vehicle

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The monthly payments calculated on a long term contract for the use of a car or any other vehicle (motorcycle, snowmobile, boat, ATV, RV, etc.) will differ if it is leased or financed. There is in fact a significant difference on the payments if leasing or financing.

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Please change the suggested values with your own amounts in the blue text boxes.

Help with our calculators Help

		Leasing		Financing
Selling price of the vehicle				$
Vehicle taken in exchange Help Exchange value of an old vehicle with the new one				$
Vehicle minus exchange Help Net amount to finance after the exchange. In the case of financing, the taxes are calculated after the exchange, which is a way to save taxes.		$		$
% Taxes Help Taxes on the amount. There are no taxes on the amount if you lease since you don't purchase the product.	%	N/A		$
Other amortized fees Help Administration fees or others that you add on top of the amount to finance for the leasing or financing services
Down payment Help Down payment available for the transaction	%		%	$
Taxes on the down payment Help In the case of a lease, the taxes are included in the down payment and are paid when getting the vehicle. We subtract the taxes from the down payment before applying them on the amount.		$		N/A

		Leasing		Financing
Net amount to finance Help Net amount in which the payments are calculate on				$
Term Help Number of monthly payments		months		months
Interest rate		%		%
Residual value Help Residual value at the end of the leasing contract. You normally have the option to buy the vehicle at that price when your term ends.	%		%	$
Monthly payments Help When leasing, payments are done at the beginning of the month, whereas for financing, at the end.		$		$

Other pages that might interest you:

Intro to "Calculate Your Car Lease-End Options"

Intro to "Buy or Lease a Car (Vehicle)?"

Intro to "When is it Profitable to End a Car Lease or Loan Contract Agreement?"

« Back to Car Lease & Loan Calculators
« Introduction

Numbers in our calculators are rounded to two decimals.
The same calculations made in an Excel spreadsheet may differ slightly.

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