The true monthly cost of a lease
The advertised rental is not the whole bill. Enter your lease figures and we spread the initial rental across the term, then add fuel or charging and insurance to give an all-in monthly cost and cost per mile.
Your lease figures
From your quote or agreement.
For example 9 means nine months up front.
Spread over the term.
Fuel or charging
Between 10 and 120.
Add running costs (insurance and extras)
Your own estimate or quote. Insurance is not normally part of a lease.
Optional. Leave blank if you do not have one.
Optional. What you expect to set aside.
| Rental, with the initial rental and admin fee spread over the term | £371.67 |
|---|---|
| Fuel or charging | £132.81 |
| Insurance | £50.00 |
| Maintenance pack | £0.00 |
| Tyres allowance | £0.00 |
| Road tax | Included in the lease |
| All-in monthly cost | £554.47 |
| Rental | £372 |
|---|---|
| Fuel | £133 |
| Insurance | £50 |
| Maintenance | £0 |
| Tyres | £0 |
Compare with my take-home pay (optional)
There is no official rule. Many guides suggest keeping total car costs to a modest share of income, but the right level depends on your other commitments.
Car Lease Deals UK, carleasedealsuk.co.uk. Economy figures: Vehicle Certification Agency (VCA). Rental, prices and insurance are the user's assumptions. Printed . An estimate, not advice.
Frequently asked questions
What does a car lease really cost each month?
More than the advertised rental. You also pay the initial rental up front, plus fuel or charging and insurance. Spreading the initial rental across the term gives a fairer monthly figure, which this tool does.
Is insurance included in a lease?
Not usually. A standard lease includes road tax and the manufacturer warranty, but you arrange and pay for insurance yourself unless it is an all-inclusive package.
What is cost per mile?
Your total yearly cost divided by the miles you drive. It is a useful way to compare a cheap car driven a lot against an expensive car driven little.
Does a bigger initial rental lower the true cost?
No. A larger initial rental lowers the monthly rental but you have paid the money either way. This tool spreads it across the term so the comparison is honest.
How much of my income should go on a car?
There is no official rule. Many people keep total motoring costs to a comfortable share of take-home pay. The optional panel shows this cost against your pay so you can judge.