LeasingPilot calculator
Determination of the effective interest rate

Please assign a name to the calculation.

Please enter the acquisition costs for the leasing or hire-purchase asset. If you are entitled to deduct input tax, please enter the net amount, otherwise enter the gross amount.

Please enter any down payment agreed to be paid at the beginning of the term of the contract.

Final payment on the date of the last day of the financing term, such as a residual value (e.g. in case of a non-full pay out contract with a right to put ('Teilamortisation mit Andienungsrecht')) – sometimes agreed as a fixed final payment ('Abschlusszahlung') in lease or hire-purchase agreements (sometimes also referred to as “Ballonrate”).

Please enter the payment method stipulated in the contract as in advance (installment collection on the first of the month) or as in arrears (installment collection at the end of the month). As a rule, payment in advance is agreed in leasing and hire-purchase agreements.

Handling fee, contract acceptance fee, etc. For the purpose of the calculation it is assumed that this fee is made at the due date of the first instalment.

In case of leasing, the amount expected the lessee has to additionally pay at the end of the term in order to obtain the legal title to the asset; in non-full-pay-out or full-pay-out leases (“Teil- oder Voll-Amortisationsverträgen”) referred to as post-lease proceeds (“Nachmieterlöse”); in the case of leasing agreements with a purchase option for the lessee the purchase option price. This does not apply to hire-purchase agreements as ownership is automatically transferred with payment of the last instalment.

Please enter the term of your lease or hire-purchase agreement (basic lease term) in months.