Calculator

Lease vs Buy Calculator

Should you lease or buy your next car?

Vehicle Price ($)

Down Payment ($)

Lease Payment ($/month)

Loan APR (%)

Loan Term (months)

Lease Term (months)

Resale Value After 5 Years (%)

Frequently Asked Questions

When is leasing better than buying?

Leasing makes sense if you want a new car every 2-3 years, drive under 12,000-15,000 miles per year, want lower monthly payments, and do not want to deal with selling a used car. Buying makes sense if you keep cars long-term (5+ years), drive a lot, want to build equity, or want to customize your vehicle.

About the Lease vs Buy Calculator

Compare the total cost of leasing vs buying a car. See monthly payments, total spent, and net cost after resale value for both options.