Car Lease Calculator

Enter the car price, the residual percentage, the lease term and the rate.

This result is an estimate only. Check with your bank or the relevant authority before making decisions.

How it is calculated

Depreciation per month = (price − down payment − residual) ÷ months
Finance per month = (price − down payment + residual) × (rate ÷ 2,400)
Monthly payment = depreciation + finance

To compare with buying on credit, use the car loan calculator.

Worked example

RM100,000 car, 50% residual, 36 months at 4%:

Depreciation RM1,388.89
Finance RM250.00
Payment RM1,638.89 a month

Why your number may differ

A lessor’s quote will include fees and may use a different method. Compare total cost and what happens at the end, such as mileage limits.

Frequently asked questions

How is a lease payment calculated?

Depreciation = (price − down payment − residual) ÷ months. Finance charge = (price − down payment + residual) × rate ÷ 24. Add them for the monthly payment.

Is leasing common in Malaysia?

Hire purchase is far more common for private buyers. Leasing and rental plans are offered by some fleet and subscription providers, so ask for their exact terms.

Does it include road tax and insurance?

No. Those, and any fees, are extra.