How this calculator works
- Enter the vehicle price, the advance payment, the annual rate, and the lease period in years.
- The calculator estimates the financed amount first, then applies a reducing-balance monthly repayment formula to estimate the rental.
- Below the calculator, the page compares indicative published vehicle-finance and leasing rates from Sri Lanka lenders and finance companies.
Worked example
For a vehicle price of LKR 6,500,000.00 with LKR 1,300,000.00 down, financed over 5 years at 13.5%, the estimated monthly rental is LKR 119,651.20.
Important assumptions
- This estimate treats leasing like a reducing-balance finance facility for planning purposes.
- Registration charges, stamp duty, insurance, documentation fees, balloon rentals, and residual-value structures are not included in the monthly estimate.
- The lender table mixes bank vehicle-finance rates and leasing rates because providers publish them in different formats.
- Always confirm the final rental structure with the lender, especially when a product uses residuals or publishes rentals per Rs.100,000 instead of a single APR.
FAQ
Are these calculators free?
Yes. lankacalculator tools are free to use and designed to be quick to access without sign-up.
How accurate are the results?
The calculators use clear assumptions and formulas, but results are estimates and should be checked against official documents or provider terms.
Can I use this on mobile?
Yes. The layout is built to work cleanly on phones, tablets, and desktops.
Do you store my inputs?
No account is required for these tools, and calculator inputs are not stored as user profiles in this v1 setup.