Calculate the leasing costs of a car correctly

About leasing costs and how to calculate the total cost of a leased car.

A lease is a way to finance a car. Anyone who wants to drive a new car, but does not want to or cannot buy it cash, often considers a leasing.

Woman with cell phone in hand in front of car.Woman with cell phone in hand in front of car.

The two most important facts about car leasing costs

The monthly leasing rate

The monthly leasing rate is what you pay every month to the bank. It gives you the right to use the car, as if it was your own. But it is not a reimbursement. The car still belongs to the bank, even at the end of the leasing contract.

The total costs

A car requires more than just financing. It also requires insurance, taxes, services, maintenance and new tires, which need to be stored and changed.

How to calculate the leasing rate

To calculate the leasing rate, you need information about the car and the financing conditions. You can also get offers directly from the dealers.

White Ford on black background.White Ford on black background.

Online, you can find several calculators to help you determine the monthly leasing rate.

Popular online calculators for the leasing rate:

Online leasing calculator from Cembra

Online leasing calculator from Moneyland

Online leasing calculator from Comparis

As a general rule: The lease rate multiplied by 3 gives you the total monthly costs of your car.

It takes much more than just financing to be able to drive a car. A car needs insurance. In addition, road taxes and the vignette must be included. Even a leased car needs new tires, service and maintenance from time to time.

Leasing black Mercedes.Leasing black Mercedes.
Leasing Fiat 500.Leasing Fiat 500.

Learn more about leasing

Leasing has long been a popular alternative to buying a car, there are some misunderstanding about what leasing a car really means.

The car does not belong to you and the lease payment is not a reimbursement.

Man getting into yellow car.Man getting into yellow car.

The car belongs to the bank. It still belongs to the bank, even after years of leasing. You can buy it back for less after 4 years, but not because you have paid the leasing payments, but because the car has lost value. This means that even at the end of the leasing period, the car does not belong to you.

In other words, you only own the car if you buy it back at the end of the lease

The leasing only covers the financing of the car.

Two people discuss car price.Two people discuss car price.

It takes much more than just financing to be able to drive a car. A car needs insurance (liability and usually a partial or, in the case of leasing, a fully comprehensive insurance). In addition, road taxes and the vignette must be included. Even a leased car needs new tires, service and maintenance from time to time.

All in all, this means that the leasing rate does not show all the costs of the car.

The leasing rate depends on many (very) important variables.

Woman fills out papers in the car.Woman fills out papers in the car.

Many people benefit from a low monthly rate or low interest rates when leasing. But what is often forgotten is the amount of the down payment or even the defined residual value of the car. The residual value of a leasing contract determines the value of the car after the leasing period, or the price at which the car can be bought.

In short, a low leasing rate is not always a good deal.

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