Tool
Leasing calculator
Estimate the monthly payment on a lease (car, machinery, or equipment) based on the asset value, the residual, and the implicit rate.
Monthly payment
—
Before IVA (Mexico's VAT); lease payments are subject to 16% IVA
Monthly payment with IVA—
Total payments (before IVA)—
Residual value at the end—
Total financing cost—
Assumptions & method
- Payment = the annuity that amortizes (asset value − present value of the residual) at the chosen implicit rate and term.
- Lease payments are subject to 16% IVA (Art. 1 LIVA, Mexican Value-Added Tax Law); the amount is shown with and without IVA.
- For companies and individuals with business activity, the payment on an operating lease is usually deductible, with limits on automobiles (maximum daily deduction, Art. 28-XIII LISR, Mexican Income Tax Law) — confirm with your accountant.
- Total financing cost = payments + residual − asset value. An estimate; each leasing company structures it differently.
FAQ
The essentials, in brief
Operating or finance lease?
With an operating lease you pay to use the asset and at the end you decide: return it, renew, or buy it at the residual; on the books it's an expense. With a finance lease you're buying in installments from the start. The tax and accounting treatment differ: to deduct payments as an expense, you use an operating lease.
Why is the payment lower than a loan's monthly payment?
Because you don't amortize 100% of the asset: the residual is still outstanding at the end. If you end up buying the residual, the total cost can be similar to or higher than a loan.
Who deducts and who insures?
In an operating lease the asset belongs to the lessor; you deduct the lease payments (with limits on cars). Insurance is usually the lessee's responsibility or is built into the payment — check the contract.
Next step
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Tell us how much you need and what collateral you can offer. We'll tell you frankly whether it's viable and how we'd structure it.
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