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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.

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Calculator Results

Your lease rate is 9.078 %.

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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.

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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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