What is my equipment lease rate?

This calculator computes the lease rate based on a known payment amount, lease amount, residual amount, and lease term.


Lease amount

Payment amount

Residual amount

Lease term

MonthsYears

Number of advance payments

Payment period

Show payment schedule

Your lease rate is 9.078 %.

Calculator tips

The Compounding frequency is set to the selected payment frequency. The lease term expressed as months must 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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