Leasing Calculator — Estimate Your Monthly Lease Payments
Thinking about leasing a car, ute or piece of equipment? Use our calculator to get a quick estimate of what your monthly payments could look like — then speak to our team to find the right structure for your situation.
About Our Leasing Calculator
Our leasing calculator gives you a useful starting estimate. Enter the asset value, lease term and an indicative interest rate to see an approximate monthly payment. It is a helpful planning tool — but not a lease quote.
Your actual lease payments will depend on a range of factors including the type of asset, whether the lease is for personal or business use, your credit profile, the residual value agreed at the end of the term and the lender we match you with. We compare options across 25+ lenders to find the right structure for your situation.
“Bang and the team were so fantastic to work with. Their positivity, energy and professionalism made for a fantastic process and we felt supported every step of the way.”
Xanthe L
Leasing Calculator
Adjust any field to see your estimated lease repayments update in real time.
Lease details
Pre-tax salary deductions for car running costs — tax savings included in estimate.
$
$5k$300k
$
$0$100k
% p.a.
1%20%
%
0%65%
$
$20k$500k
Your estimated payments
Estimated per month
$1,042
3 year novated lease · 7.5% p.a. · 30% residual
Monthly
$1,042
Fortnightly
$481
Weekly
$240
Residual value
$15,000
Cost summary
Asset price$50,000
Less deposit−$0
Amount financed$50,000
Residual value$15,000
Total lease payments$37,512
Total interest cost$2,512
Total cost of lease$52,512
Est. tax saving
$0
Net cost after tax
$52,512
Estimates only and do not include GST, insurance, registration, or maintenance unless bundled. Consult a salary packaging provider or finance broker for a full comparison.
This calculator provides estimates only and does not constitute financial, taxation, or legal advice. Novated lease tax savings are indicative only and depend on individual salary, FBT implications, employer arrangements, and packaging provider fees. Finance and operating lease treatment may differ for accounting purposes under AASB 16. Always consult a qualified finance broker, accountant, or salary packaging provider before entering a lease agreement.
Lease vs Loan — Which Is Right for You?
One of the most common questions we get is whether to lease or take out a loan for a vehicle or equipment. The answer depends on your situation — here is a straightforward breakdown:
- Leasing
With a lease, you pay to use the asset over an agreed term. At the end of the lease you either hand it back, upgrade to a new model or pay a residual amount to own it outright. Leasing typically offers lower monthly payments and can be very tax-effective for business use — particularly under a novated lease arrangement.
- Vehicle or Equipment Loan
With a loan, you own the asset from day one and build equity as you pay it off. Repayments are typically higher than a lease but you have no residual payment at the end. For personal use vehicles and long-term asset ownership, a loan is often the better fit.
- Novated Lease
A novated lease is a three-way arrangement between you, your employer and a lender. Your lease payments are made from your pre-tax salary, which can reduce your taxable income and save you money. It is one of the most tax-effective ways for employees to finance a personal vehicle. Speak to us and your employer to see if this is available to you.
“Bang helped us come up with the best solution for us. Always there with the knowledge to help and guide us through the process.”
Chris W
What We Can Arrange Leasing Finance For
We arrange lease finance for a wide range of personal and business assets:
- Cars — sedans, SUVs, utes and wagons for personal and business use
- Commercial vehicles — vans, trucks and fleet vehicles
- Medical and dental equipment — for practice fit-outs and upgrades
- Business equipment — machinery, technology and specialist assets
- Boats and recreational vehicles — leisure assets for personal use
How Our Leasing Process Works
1
Tell us about the asset — what it is, new or used, personal or business use.
2
We compare lease structures and rates across our lender panel and find the best fit for your situation.
3
We handle the paperwork and keep you updated throughout the process.
4
You get into your vehicle or equipment as quickly as possible.
Why Use Bang On Investments for Your Lease?
Our calculator gives you an estimate. We give you a strategy. Bang On Investments compares lease products from over 25 lenders and finds the structure that suits your situation — whether that is a finance lease, operating lease, chattel mortgage or novated arrangement.
- Access to 25+ lenders — not just the dealership's in-house finance
- Personal and business lease options — we find the right structure for your circumstances
- Fast approvals — lease finance is often approved within 24 to 48 hours
- No cost to you — we are paid by the lender at settlement
Leasing FAQs
What is the difference between a finance lease and an operating lease?
A finance lease is used to fund the use of an asset over most of its useful life. You carry the risks of ownership and typically have the option to purchase the asset at the end. An operating lease is shorter-term, and the lessor retains ownership and residual risk. The right type depends on your asset, how long you need it and your accounting and tax requirements.
What is a residual value in a lease?
The residual value is the agreed value of the asset at the end of the lease term. Your monthly lease payments are calculated on the difference between the asset value and the residual — so a higher residual means lower monthly payments. At the end of the lease you can pay the residual to own the asset, trade it in or hand it back.
Is leasing tax deductible for businesses?
In many cases, yes. Lease payments on business assets are generally tax deductible as a business expense. The tax treatment depends on the type of lease and how the asset is used. We recommend speaking to your accountant alongside us to ensure your lease is structured in the most tax-effective way.
Can I lease a used vehicle or piece of equipment?
Yes — though the terms and lender appetite vary for used assets. The age and condition of the asset, as well as its residual value, will affect the lease structure available. We work with lenders who finance both new and used assets and will find the best available option for your situation.
What is a novated lease and how does it work?
A novated lease is a three-way arrangement between you, your employer and a lender. Your employer makes the lease payments on your behalf from your pre-tax salary, reducing your taxable income. It is one of the most tax-effective ways for employees to finance a personal vehicle. Eligibility depends on your employer offering this benefit — speak to us and your HR department to find out if it is available to you.
How quickly can a lease be approved?
Lease finance is typically faster to approve than home loans. In many cases, approval can be arranged within 24 to 48 hours once the required documents are provided. We manage the process and keep you updated throughout.
Is it better to lease or buy a car for business?
It depends on your situation. Leasing can offer lower monthly payments and potential tax advantages, but you do not own the asset at the end of the term. Buying through a chattel mortgage or loan means you own the vehicle outright and can claim depreciation. We help business owners compare both options and choose the structure that suits their cash flow, tax position and long-term needs.
Have a question about leasing?
Get a Personalised Lease Quote
Our calculator gives you an estimate. We give you the right structure. Get in touch for a free, no-obligation leasing assessment — we will compare 25+ lenders and find the option that works for you.