Lease Calculator

Written byOleh Soloninupdated 25 September 2026

Currency

Asset price

Advance, %

Term, months

Rate, % a year

Residual payment, %

Who is leasing

Advanced options

Loan rate to compare, % a year

A loan for the price less the advance, over the same term; 0 skips the comparison.

Result

Monthly payment

$945.19

Advance

$9,000.00

Residual payment

$6,750.00

Sum of the payments

$34,026.88

Total with advance and residual

$49,776.88

Markup over the price

$4,776.88

Cost above the price per year

3.54%

Working

Payment = (36,000.00 − 6,750.00 ÷ (1 + 0.595%)^36) × 0.595% ÷ (1 − (1 + 0.595%)^−36) = 945.19 Total: 9,000.00 + 945.19 × 36 + 6,750.00 = 49,776.88 Cost above the price per year: 4,776.88 ÷ 45,000.00 ÷ 3 × 100 = 3.54%

With a different advance

Advance        Payment            Total     Above price
    0%       1,223.66        50,801.81        5,801.81
   10%       1,084.43        50,289.34        5,289.34
>  20%         945.19        49,776.88        4,776.88
   30%         805.96        49,264.41        4,264.41
   40%         666.72        48,751.95        3,751.95

This result is informational only and is not professional advice.

A monthly payment, the cost above the price, and a lease against a loan

Lease payment with an advance and a buyout at the end, the total cost above the price in money and per year, a comparison with a loan for the same amount, the payment for other advances, and Russian VAT and profit tax for companies.

This calculator works out the monthly payment on a lease that you pay off with an advance, monthly payments and a buyout payment at the end, then shows the total you pay and how much that is above the price, in money and as a percentage per year.

You can compare the lease with a loan for the same amount and see how the payment changes with a bigger or smaller advance. For Russian companies it also shows the VAT inside the payments and how much the lease payments reduce profit tax — for a sole trader, the simplified-system tax instead, since sole traders do not pay profit tax; those rules are Russian, and elsewhere the tax treatment is different.

How to use

Enter the price of the asset, the advance and the buyout as percentages of the price, the term and the rate from the lease offer.
Choose who is leasing: a person, which ignores taxes, or a Russian company or sole trader.
To compare with a loan, enter its rate in the extra settings.
Read the payment, the cost above the price, the Working lines and the table with a different advance.

How the lease payment is worked out

Part of the price is paid as an advance, part as a buyout payment at the end, and the rest is repaid monthly with interest. The calculator treats the monthly payments as an annuity: payment = (price − advance − buyout ÷ (1 + i)ⁿ) × i ÷ (1 − (1 + i)⁻ⁿ), where i is the monthly rate and n the number of months. The buyout is discounted because it is only paid at the very end.

For a 45,000 vehicle with a 20% advance (9,000), a 15% buyout (6,750), 36 months and 7.14% a year, the payment is 945.19 a month.

The cost above the price

The cost above the price is everything paid beyond the asset's price: advance + payments + buyout − price. In the example 9,000 + 36 payments + 6,750 = 49,776.88 with the unrounded payment of 945.191 (the displayed 945.19 × 36 would give 49,776.84), which is 4,776.88 above the price. Per year that is 4,776.88 ÷ 45,000 ÷ 3 × 100 = 3.54%. The yearly figure is handy for comparing offers with different terms, but it is not the interest rate in the contract.

The advance and the buyout

An advance reduces the amount that earns interest, so it lowers both the payment and the cost: with no advance the payment is 1,223.66 and the cost above the price 5,801.81; with 40% down it is 666.72 and 3,751.95.

A buyout works the other way. It lowers the monthly payment, but interest runs on that part of the price for the whole term, so the total rises: a 1% buyout means 1,102.64 a month and 4,144.87 above the price; a 30% buyout means 776.50 and 5,454.03.

Price 45,000, 15% buyout, 36 months, 7.14% a year. Worked out with this calculator.
Advance	Payment	Total	Above the price
0%	1,223.66	50,801.81	5,801.81
10%	1,084.43	50,289.34	5,289.34
20%	945.19	49,776.88	4,776.88
30%	805.96	49,264.41	4,264.41
40%	666.72	48,751.95	3,751.95

Lease or loan

With the same rate, advance and term, a loan costs less than a lease with a buyout, because in the lease interest also runs on the deferred buyout. A loan for the same 36,000 at 7.14% over 36 months with the same advance comes to 49,099.73, which is 677.15 less than the lease. The lease only wins if the loan rate is higher: at 9% the loan costs 50,212.45, and the lease is 435.58 cheaper.

The comparison is before tax. Ownership differs too: something bought with a loan is yours from the start, while a leased asset belongs to the lessor until you buy it out under the contract.

Russian companies: VAT and profit tax

The tax option applies Russian rules. Since 2026 the standard VAT rate in Russia is 22%, so a payment that includes VAT carries 22/122 of its amount as tax, which a VAT payer can reclaim against invoices. Lease payments, excluding any buyout price included in them, count as expenses for profit tax, charged at 25% on the general regime. For businesses in other countries these lines do not apply.

What this calculator shows

The monthly payment, the advance, the buyout and the total you pay
The cost above the price in money and per year
A comparison with a loan for the same amount
The payment formula and a table with a different advance
For Russian companies, VAT to reclaim and the reduction in profit tax

What to keep in mind

The payment is an annuity on the price less the advance, with the buyout discounted over the whole term.
Insurance, registration, fees and lessor services are not included unless you add them to the price.
The loan comparison is before tax, with the same advance and term.

Where the numbers come from

Checked against the standard annuity payment formula; for Russian companies, the Russian Tax Code (VAT art. 164, 171, 172; expenses art. 264; profit tax art. 284) · verified September 2026.

FAQs

How is a lease payment with a buyout calculated?

Payment = (price − advance − buyout ÷ (1 + i)ⁿ) × i ÷ (1 − (1 + i)⁻ⁿ), with i the monthly rate. For 45,000 with a 20% advance, a 15% buyout, 36 months and 7.14% a year, it is 945.19.

What is the buyout payment?

The payment at the end of the lease after which the asset becomes yours, if the contract provides for a buyout. Until then it belongs to the lessor.

Why does a bigger buyout make the lease cost more?

It lowers the monthly payment, but interest runs on that part of the price for the whole term. A 30% buyout instead of 15% cuts the payment to 776.50 but raises the cost above the price to 5,454.03.

How much does a bigger advance save?

It cuts the amount that earns interest. Going from a 20% to a 40% advance lowers the payment from 945.19 to 666.72 and the cost above the price from 4,776.88 to 3,751.95.

Is leasing or a loan cheaper?

With the same rate, advance and term, the loan, because the lease also charges interest on the deferred buyout: 677.15 less in the example. Enter the loan rate you are offered in the extra settings to compare.

What does cost above the price per year mean?

The cost above the price ÷ the price ÷ years × 100. In the example 4,776.88 ÷ 45,000 ÷ 3 × 100 = 3.54%. It helps compare offers with different terms but is not the contract rate.

Does the tax option work outside Russia?

No. It applies Russia's 22% VAT and 25% profit tax rules for companies, or the simplified-system rate you enter for a sole trader. Elsewhere, use the person option and check local tax rules separately.

Worked example

A 45,000 vehicle over three years

Input: Price 45,000, 20% advance, 36 months, 7.14% a year, 15% buyout

Output: 945.19 a month; 49,776.88 in total, 4,776.88 above the price (3.54% a year)

Note: A loan at the same 7.14% would cost 677.15 less; at 9% the lease is 435.58 cheaper.

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