Lease vs. Buy Calculator

Compare the total cost of leasing versus buying a vehicle side-by-side to make the best financial decision.

Vehicle Details

$
Negotiated price of the vehicle before taxes.
$
Cash or trade-in value put down upfront.
%
Local state vehicle sales tax rate.

Lease Options

Multiply MF by 2400 for APR equivalent (e.g. 0.0025 = 6% APR).
$
Estimated vehicle value at lease end.
$

Loan & Purchase Options

%
$
Market value of the car after the lease-equivalent timeframe (e.g. 36 months).
$

Recommendation

Leasing Summary

Monthly Payment $0.00
Total Depreciation $0.00
Total Rent Charge $0.00
Total Out-of-Pocket $0.00
Net Cost over Term $0.00

Buying Summary

Monthly Loan Payment $0.00
Total Loan Principal $0.00
Total Loan Interest $0.00
Total Out-of-Pocket $0.00
Net Cost (Minus Equity)* $0.00

* Net Cost for Buying is calculated at the end of the Lease Term (e.g. 36 months) by subtracting the estimated resale value from total payments made up to that point (including remaining loan balance payoff if term extends beyond).