Compare the total costs of leasing versus buying a car to make the best financial decision. This calculator analyzes upfront costs, monthly payments, maintenance, and long-term value to help you choose the most cost-effective option.
How to Use This Lease vs Buy Calculator
This comprehensive calculator helps you make an informed decision by comparing:
- Total ownership costs including financing, depreciation, and maintenance
- Lease costs with multiple lease cycles over your analysis period
- Opportunity costs of money tied up in vehicle ownership
- Equity building versus the flexibility of leasing
Key Factors in Your Decision
Buying Advantages: Build equity, no mileage restrictions, freedom to modify, potentially lower long-term costs.
Leasing Advantages: Lower monthly payments, always under warranty, newer technology, no depreciation risk.
Understanding the Analysis
Consider these factors when reviewing results:
- Your typical annual mileage and driving habits
- How long you typically keep vehicles
- Importance of having the latest technology and safety features
- Your available cash and preferred use of that money
- Tax implications (especially for business use)