Lease & asset finance

What will the repayments be, with a residual?

Price (amount financed) $50,000

Residual (balloon) $20,000 (40%)

Term 24 months

Interest rate 8.00%

Payments due

Monthly repayment

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Move a slider to see the repayment.

Regular repayments –

Residual, paid at the end –

Total interest –

Paid in advance instead –

One fixed rate for the whole term, monthly payments, no fees. The residual (balloon) is paid in one sum at the end of the last month, whichever timing you pick. GST is not modelled: enter the amount being financed; the repayments shown exclude any GST charged on them, and how GST and input tax credits apply differs between a lease and a loan. Tax deductions and depreciation are not modelled either. Indicative only. Not financial or tax advice.