What decides my monthly payment?

The amount you borrow (price minus down payment), the interest rate and the number of years. A bigger down payment or a longer term lowers the monthly payment; a longer term usually means more interest overall.

What is a draft + loan plan?

Part of the amount (the draft) is interest-only for a set period and the rest is repaid as a normal loan, so early payments are lower, but the draft balance is still owed later.

Guide1 min read2 views

How vehicle leasing works in Sri Lanka

Updated 26 October 2026 · Written by the Wahanaya.lk team

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With a lease you pay part of the price as a down payment, and a leasing company pays the rest. You then repay the leasing company in monthly instalments with interest over an agreed term. Until you finish paying, the leasing company keeps a legal interest in the vehicle; ask them how this is recorded.

The basic steps

Choose a vehicle and agree the price with the seller.
Apply to a leasing company with your documents. They assess the vehicle and your ability to repay.
Pay the down payment. The leasing company pays the seller the rest.
Repay in monthly instalments for the agreed term.

Work out the numbers first

Use the leasing calculator to see the monthly payment for different down payments, rates and terms, and compare a normal loan with a draft + loan plan. Rates vary by leasing company and by your profile; the calculator gives estimates, not offers.

Get a rate

Send a free request from the leasing page and our leasing partners will contact you with their rate.

Questions

What decides my monthly payment?: The amount you borrow (price minus down payment), the interest rate and the number of years. A bigger down payment or a longer term lowers the monthly payment; a longer term usually means more interest overall.
What is a draft + loan plan?: Part of the amount (the draft) is interest-only for a set period and the rest is repaid as a normal loan, so early payments are lower, but the draft balance is still owed later.

Can You Lease a Used or Reconditioned Car in Sri Lanka?

Yes. Banks, licensed finance companies and leasing firms in Sri Lanka lease both used (already-registered) and reconditioned (imported) vehicles, not just brand-new ones. How much deposit you need depends on whether the vehicle is already registered in Sri Lanka or not.

28 Oct 2026Wahanaya.lk team7 min read

How to Settle a Vehicle Lease Early in Sri Lanka: Full Guide

To settle a vehicle lease early in Sri Lanka, ask your leasing company in writing for a settlement figure, pay the outstanding capital (plus any fee or interest they still apply), get a settlement letter, then use it to clear the absolute owner entry on your CR book.

27 Oct 2026Wahanaya.lk team8 min read

What Down Payment Do You Need to Lease a Car in Sri Lanka?

Since 25 May 2026, CBSL rules set minimum down payments by vehicle type and age: 60% for new or under-1-year cars, SUVs, vans, three-wheelers and motorcycles, and 40% for new commercial vehicles or any vehicle already registered over a year.

27 Oct 2026Wahanaya.lk team7 min read

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