How much equipment can I afford to lease?

This calculator computes the amount you can afford to lease.


Payment amount

Lease rate

Residual amount

Lease term

MonthsYears

Number of advance payments

Payment period

Show payment schedule


You can afford to lease $23,850.24.

Calculator tips

This calculator does not tell you if you will qualify for the lease. Qualification depends on many factors including your credit rating.

The Compounding frequency is set to the selected payment frequency. The lease term expressed as months must be a multiple of 3 with quarterly payment frequency, 6 with semiannual payment frequency and 12 with annual payment frequency.

The residual principal and interest are adjusted to account for rounding.

Calculator disclaimer

The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.

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