Leasing rates are calculated by a Rate Per Thousand.

These rates vary on the profile and period of the term.

Below is an example of how to calculate.

Cash Price x Rate Per Thousand divided by 1000 = Monthly Rental

Example : £10,000 x £34.24 (Rate) divided by 1000 = £342.40 (Monthly rental)

To work out the cost, work backwards using this calculation.

Monthly Rental x 1000 divided by the Rate Per Thousand = Cash Price

Example : £342.40 x 1000 divided by £34.24 (Rate) = £10,000 (Cost)