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Car Lease Calculator FAQ
What does this car lease calculator estimate?
It estimates the monthly lease payment from the vehicle price, VAT rate, down payment, residual value, lease period, and annual interest rate. It is intended for planning and comparison, not as a binding lease offer.
What is the difference between financial lease and operating lease?
In a financial lease, the vehicle price and interest are paid according to an agreed payment plan and the lessee usually becomes the owner after the final payment. In an operating lease, the lessee mainly pays for using the vehicle during the contract period and usually returns the vehicle at the end.
Should I enter the price with VAT or without VAT?
You can enter either value. The calculator keeps the gross and net prices in sync using the selected VAT rate. For business financial lease assumptions, the down payment and residual value are calculated from the price excluding VAT.
Why does a higher residual value reduce the monthly payment?
The residual value is the part of the vehicle price left for the end of the lease. If that amount is higher, less principal is repaid during the monthly payment period, so the monthly payment is lower.
