Lease calculator

The same arithmetic our account managers sheet with. Change the class, the term, the mileage band or the money factor and every line below re-sheets, including the residual percentage.

Classes: 10 residual curves
Terms: 24, 36, 48, 60 months
Mileage bands: 12k to 30k a year
Money factor: x2400 shown live

Monthly payment before tax

$583.99

4.20% APR equivalent, from a money factor of 0.00175 x 2400

Residual percentage: 54%
Residual value at turn in: $23,112
Depreciation over the term: $17,038
Monthly depreciation charge: $473.28
Monthly rent charge: $110.71
Total of payments: $21,024
Excess mileage rate: 18¢ per mile
Estimated due at signing: $1,529

Due at signing is the $795 acquisition fee, the $150 documentary and title fee and the first monthly payment, plus any cap cost reduction you entered. Fleetwise does not take a security deposit on approved commercial credit. Every figure on this page is a sample for a demonstration site.

Mileage bands, side by side

On the reference cargo van. The break-even line under each band tells you how many extra miles across the term make the upgrade worth buying.

Why this matters

Half ton cargo van, 148 inch wheelbase. Excess mileage 18 cents a mile at turn in. Sample figures, before tax.

12,000
miles a year
$562/mo
Residual
56%
Residual value
$23,968
Total of payments
$20,222
The base band. Anything above it is charged at 18 cents a mile when you hand the unit back.
Most fleets
15,000
miles a year
$584/mo
Residual
54%
Residual value
$23,112
Total of payments
$21,024
Costs $802 more than the band below over 36 months. Worth it once you drive 4,456 extra miles across the term.
20,000
miles a year
$617/mo
Residual
51%
Residual value
$21,828
Total of payments
$22,226
Costs $1,203 more than the band below over 36 months. Worth it once you drive 6,682 extra miles across the term.
25,000
miles a year
$651/mo
Residual
48%
Residual value
$20,544
Total of payments
$23,430
Costs $1,203 more than the band below over 36 months. Worth it once you drive 6,684 extra miles across the term.
30,000
miles a year
$684/mo
Residual
45%
Residual value
$19,260
Total of payments
$24,633
Costs $1,203 more than the band below over 36 months. Worth it once you drive 6,686 extra miles across the term.

The residual grid

Ten classes and four terms at the 15,000 mile band. This is the grid the calculator above reads from.

Sample residual value as a percentage of MSRP at 15,000 miles a year, with the residual value and monthly depreciation charge on a normalised $50,000 unit.
Vehicle class	24 months	36 months	48 months	60 months	Excess mile
Half ton cargo van	62%$31,000$792/mo dep	54%$27,000$639/mo dep	46%$23,000$563/mo dep	39%$19,500$508/mo dep	18¢
Crew van, five seat	60%$30,000$833/mo dep	52%$26,000$667/mo dep	44%$22,000$583/mo dep	37%$18,500$525/mo dep	18¢
Half ton pickup	66%$33,000$708/mo dep	58%$29,000$583/mo dep	50%$25,000$521/mo dep	43%$21,500$475/mo dep	20¢
Three quarter ton pickup	64%$32,000$750/mo dep	56%$28,000$611/mo dep	48%$24,000$542/mo dep	41%$20,500$492/mo dep	22¢
Box truck, 16 foot	55%$27,500$938/mo dep	47%$23,500$736/mo dep	39%$19,500$635/mo dep	32%$16,000$567/mo dep	24¢
Fleet sedan	59%$29,500$854/mo dep	51%$25,500$681/mo dep	43%$21,500$594/mo dep	36%$18,000$533/mo dep	16¢
Mid size SUV	63%$31,500$771/mo dep	55%$27,500$625/mo dep	47%$23,500$552/mo dep	40%$20,000$500/mo dep	18¢
Electric cargo van	57%$28,500$896/mo dep	49%$24,500$708/mo dep	41%$20,500$615/mo dep	34%$17,000$550/mo dep	16¢
Refrigerated van	53%$26,500$979/mo dep	45%$22,500$764/mo dep	37%$18,500$656/mo dep	30%$15,000$583/mo dep	24¢
Chassis cab, flatbed	58%$29,000$875/mo dep	50%$25,000$694/mo dep	42%$21,000$604/mo dep	35%$17,500$542/mo dep	22¢

Scroll the table sideways on a narrow screen. Percentages are of MSRP at the 15,000 mile band. Dollar figures normalise every class to a single $50,000 unit so they can be compared directly. All figures are samples.

Reading a residual row

Take the half ton pickup at 24 months: 66 percent residual means a $50,000 truck is worth $33,000 to the lessor at turn in, so you are financing $17,000 of depreciation over 24 months, which is $708 a month before the rent charge. The same truck at 60 months residualises at 43 percent, so you finance $28,500, which is only $475 a month. Longer looks cheaper per month and costs more in total, and by month 48 you are also paying for the maintenance curve.

Why the classes differ

Half ton cargo van. Highest resale of the van classes in Texas, so the depreciation charge stays low even at 20,000 miles a year.
Crew van, five seat. The second row and glass cost about two residual points against a plain cargo body.
Half ton pickup. Strongest residual on the lot. A 24 month half ton holds two thirds of MSRP on our sample grid.
Three quarter ton pickup. Heavier duty, heavier use. Residual holds well but the excess mile rate is higher.
Box truck, 16 foot. Body-on-chassis units depreciate on the box as well as the cab, so terms past 48 months rarely pay.

Prefer a unit that is already sheeted?

Every unit on the grid carries a worked payment build and its own band comparison.

Fleet grid

Unit	Term	Miles a year	Residual	Money factor	APR	Monthly
Half ton cargo van	36 mo	15,000	54%	0.00175	4.20%	$584
High roof cargo van	36 mo	15,000	54%	0.00178	4.27%	$688
Five seat crew van	36 mo	15,000	52%	0.00180	4.32%	$666
Half ton crew cab pickup	36 mo	15,000	58%	0.00168	4.03%	$642
Three quarter ton pickup	36 mo	15,000	56%	0.00182	4.37%	$784
16 foot box truck	36 mo	15,000	47%	0.00205	4.92%	$1,178
Chassis cab flatbed	48 mo	15,000	42%	0.00195	4.68%	$866
Refrigerated van	36 mo	20,000	42%	0.00210	5.04%	$1,201
Fleet sedan	36 mo	25,000	45%	0.00155	3.72%	$489
Mid size SUV	36 mo	15,000	55%	0.00162	3.89%	$524
Electric cargo van	24 mo	12,000	59%	0.00190	4.56%	$1,000

Sample figures, before Texas motor vehicle rental tax, subject to credit approval.

Turn a calculation into a quote

Send us the configuration you landed on. We will sheet it properly, check the mileage band against your routes and come back within one business day.

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