Calculate your monthly lease payment

Lease: lower monthly payment, no resale headache, fully tax-deductible as business expense. Buy (loan): you own the asset, higher EMI but can sell it. For 3-5 year asset use, lease often wins.

The estimated value of the asset at the end of the lease term. Higher residual = lower depreciation portion = lower monthly payment. The lessor takes back the asset at residual value (or sells to you at that price).

The lease-equivalent of interest rate. Conversion: Money Factor = APR ÷ 2400. So 9% APR = 0.00375 MF. Always ask for the MF, not just the rate, to compare leases fairly.

For businesses: yes, the full monthly lease payment is deductible as an operating expense. For individuals: only if used for business purposes (e.g., self-employed using a leased vehicle).

Yes but expensive — early termination usually triggers fees + paying out the remaining contract minus depreciation. Best to negotiate the residual + early-out terms upfront.

Three options: (a) return the asset, (b) buy it at residual value, (c) extend or sign a new lease. Most lessees return and start fresh — that's the lease's appeal vs loan.

Hire purchase: you become owner at the end after paying all installments. Lease: you don't own automatically — must pay residual to buy. HP is loan-like; lease is rental-like.

Yes — leasing companies check CIBIL like banks. Higher score → lower MF and lower deposit. Score below 650 may require co-signer or higher security deposit.