Lease vs Buy Car Calculator
Finance & LoansCompare the total financial cost of leasing versus buying a vehicle over a 3 to 6 year timeframe, factoring in down payments, monthly payments, depreciation, and residual vehicle equity.
Lease cash 19,020 vs buy net 8,960
About this calculator
Deciding whether to lease or finance a new car involves balancing lower monthly lease payments against long-term vehicle ownership equity. Leases have mileage limits and no end-of-term equity, while purchasing requires higher initial payments but leaves you with a valuable asset.
This tool computes the total out-of-pocket cost and net financial cost (total paid minus vehicle resale value) for both options to identify the most cost-effective path.
How It Works & Formula
Lease Net Cost = Down Payment + Acquisition Fees + (Monthly Lease × Months) + Disposition Fees. Purchase Net Cost = Down Payment + Taxes + (Monthly Loan × Months) - Estimated Resale Value at End of Term.
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