Vehicle Lease Calculator
Calculate monthly lease installment based on vehicle price, residual value, down payment, interest rate, and duration
Lease Details
Vehicle Price
The full price of the vehicle
Down Payment
10% paid upfront
Lease Period
3 years · up to 5 years
Interest Rate (per year)
Common lease rates in Sri Lanka range from 9% – 20%
Monthly Payment
Rs. 179,357.27
for 3 years
Lease Amount
Rs. 5,400,000.00
Down Payment
Rs. 600,000.00
10% upfront
Total You Pay
Rs. 6,456,861.83
all payments combined
Total Interest
Rs. 1,056,861.83
extra cost of leasing
Breakdown
Enter the vehicle price, then set the down payment, interest rate, and how long you want to lease. To check what rate a quoted instalment really implies, use the Real Interest Calculator.
Early Settlement: If you settle a lease early, you will need to pay the full remaining balance plus the total interest for the entire lease period — not just what is left. Please check your lease agreement or speak to your financier before making this decision.
Explore lease-style payments with residual value at the end of the term. Compare with vehicle loan results for the same vehicle price and budget.
Frequently asked questions
- What is residual value?
- Expected value at lease end affects monthly payment—higher residual can lower instalments but matters if you buy out the vehicle.
- Is this the same as rent?
- Contracts differ. Read your lease for mileage, maintenance, and end-of-term options.
- Where do registration and recurring ownership costs fit?
- Use the Vehicle Cost of Ownership calculator for fuel, insurance, maintenance, and other running costs alongside lease payments.
- The quoted rate looks low—is that the real annual rate?
- Compare with the Real Interest Calculator: enter lease amount, months, and instalment to see the nominal rate implied by standard reducing‑balance maths.