Leasing Calculator
Compare lease and chattel mortgage arrangements for a vehicle or equipment purchase, and see the repayment and residual position across the term.
Use the leasing calculator
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting.
What the leasing calculator tells you
What it shows
Lease repayments, residual or balloon amount, and the total cost across the term.
What you need
Asset value, deposit or trade in, interest rate, term and residual percentage.
What to do next
We arrange asset and equipment finance across a panel of specialist lenders.
Three things worth testing
- A higher residual lowers repayments but increases the amount owing at the end.
- Tax treatment differs between lease and chattel mortgage. Speak to your accountant.
- Balloon payments need a plan before the term ends, not after.
Frequently asked questions
What is a residual or balloon payment?
Is a lease better than a chattel mortgage?
Turn the numbers into an approval
A calculator gives you an estimate. A broker gives you a lender, a rate and an approval. Talk to Ezy Loans Australia about what these numbers mean for your situation.
About the author
Amrinder Singh is the founder of Ezy Loans Australia and an Australian Credit Representative (number 505232) of Mortgage Australia Group Pty Ltd, Australian Credit Licence 377294. He works with first home buyers, investors and self employed borrowers across Australia, arranging home loans, refinancing, construction finance and asset finance through a broad panel of lenders.
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting. Calculators are provided under licence from the Finance Brokers Association of Australia. This page is general information only and does not take your objectives, financial situation or needs into account.
Ezy Loans Australia is a Perth-based mortgage and finance brokerage helping first home buyers, investors and refinancers across Australia secure the right loan with confidence.
Contact Info:
- 905 Hay St, Perth WA 6000
- amrinder@ezyloansaustralia.com.au
- 0432 066 362