.calc-container { background: #ffffff; padding: 25px; border-radius: 8px; box-shadow: 0 4px 6px rgba(0,0,0,0.1); margin-bottom: 30px; }
.calc-grid { display: grid; grid-template-columns: 1fr 1fr; gap: 20px; }
.input-group { margin-bottom: 15px; }
.input-group label { display: block; font-weight: 600; margin-bottom: 5px; color: #2c3e50; }
.input-group input { width: 100%; padding: 10px; border: 1px solid #ccc; border-radius: 4px; box-sizing: border-box; font-size: 16px; }
.calc-button { grid-column: span 2; background-color: #004a99; color: white; padding: 15px; border: none; border-radius: 4px; cursor: pointer; font-size: 18px; font-weight: bold; margin-top: 10px; }
.calc-button:hover { background-color: #003366; }
.results-box { grid-column: span 2; background-color: #eef7ff; padding: 20px; border-radius: 4px; border-left: 5px solid #004a99; margin-top: 20px; }
.result-item { display: flex; justify-content: space-between; margin-bottom: 10px; font-size: 1.1em; }
.result-item strong { color: #004a99; }
.main-payment { font-size: 1.5em; border-top: 1px solid #ccc; pt: 10px; margin-top: 10px; }
@media (max-width: 600px) { .calc-grid { grid-template-columns: 1fr; } .calc-button { grid-column: span 1; } }
.truck-article h2 { color: #004a99; border-bottom: 2px solid #004a99; padding-bottom: 5px; margin-top: 30px; }
.truck-article h3 { color: #2c3e50; }
.truck-table { width: 100%; border-collapse: collapse; margin: 20px 0; }
.truck-table th, .truck-table td { border: 1px solid #ddd; padding: 12px; text-align: left; }
.truck-table th { background-color: #004a99; color: white; }
function calculateTruckLease() {
var price = parseFloat(document.getElementById('truckPrice').value);
var down = parseFloat(document.getElementById('downPayment').value) || 0;
var trade = parseFloat(document.getElementById('tradeIn').value) || 0;
var apr = parseFloat(document.getElementById('interestRate').value);
var term = parseInt(document.getElementById('leaseTerm').value);
var residual = parseFloat(document.getElementById('residualValue').value);
if (isNaN(price) || isNaN(apr) || isNaN(term) || isNaN(residual) || term <= 0) {
alert("Please enter valid numbers in all fields.");
return;
}
// Net Capitalized Cost
var capCost = price – down – trade;
if (capCost <= residual) {
alert("Residual value cannot be higher than the capitalized cost. Please check your inputs.");
return;
}
// 1. Depreciation Component
var monthlyDepreciation = (capCost – residual) / term;
// 2. Finance Charge (Rent Charge)
// Finance Charge = (Cap Cost + Residual) * Money Factor
// Money Factor = APR / 2400
var moneyFactor = apr / 2400;
var monthlyFinance = (capCost + residual) * moneyFactor;
// 3. Total Monthly Payment
var totalMonthly = monthlyDepreciation + monthlyFinance;
// Display Results
document.getElementById('resCapCost').innerHTML = "$" + capCost.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resDepreciation').innerHTML = "$" + monthlyDepreciation.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resFinance').innerHTML = "$" + monthlyFinance.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resTotal').innerHTML = "$" + totalMonthly.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('leaseResults').style.display = 'block';
}
Commercial Truck Lease Calculator
Net Capitalized Cost:
$0.00
Monthly Depreciation:
$0.00
Monthly Finance (Rent) Charge:
$0.00
Estimated Monthly Payment:
$0.00
Understanding Commercial Truck Lease Payments
Calculating the cost of leasing a commercial vehicle is vital for fleet managers and owner-operators to maintain a healthy cash flow. Unlike a standard auto loan, a commercial truck lease is primarily based on the depreciation of the vehicle over the term of the lease, rather than the full purchase price.
Key Factors in Your Truck Lease
- Capitalized Cost: This is the negotiated price of the truck. Lowering this through negotiation, down payments, or trade-ins directly reduces your monthly obligation.
- Residual Value: This is the estimated value of the truck at the end of the lease term. In commercial leasing (especially TRAC leases), this value is often negotiated upfront.
- Lease Term: Typically ranges from 36 to 72 months for heavy-duty Class 8 trucks.
- Money Factor / APR: The cost of borrowing the capital. In lease math, we use a money factor which is roughly the APR divided by 2400.
Typical Lease Scenarios
| Truck Type | Average Price | Typical Term | Est. Monthly Payment |
|---|---|---|---|
| New Sleeper Cab (Class 8) | $165,000 | 60 Months | $2,400 – $2,900 |
| Day Cab | $140,000 | 48 Months | $2,100 – $2,600 |
| Box Truck (Class 6) | $85,000 | 48 Months | $1,200 – $1,500 |
How This Calculator Works
The Commercial Truck Lease Calculator uses the industry-standard formula for determining lease payments:
1. Monthly Depreciation = (Net Cap Cost – Residual Value) / Term
2. Monthly Finance Charge = (Net Cap Cost + Residual Value) * (APR / 2400)
3. Total Payment = Depreciation + Finance Charge
This method ensures that you are paying for the "use" of the truck and the interest on the tied-up capital simultaneously. Note that this calculation does not include state-specific sales taxes, registration fees, or heavy vehicle use taxes (HVUT), which are often billed separately.