Car Lease vs. Buy Calculator

Compare estimated net ownership costs with leasing over the same number of months.

Buying the Vehicle

Vehicle Purchase Price ($)Purchase Down Payment ($)Purchase Loan APR (%)Loan Term (Months)Purchase Taxes and Fees Paid Upfront ($)Estimated Vehicle Resale Value at Comparison End ($)

Leasing the Vehicle

Monthly Lease Payment ($)Lease Amount Due at Signing ($)Additional Lease Fees ($)Comparison / Lease Length (Months)

Your Lease vs. Buy Comparison

Estimated Purchase Loan Payment: $599.32 / month

Estimated Remaining Loan Balance: $13,522.31

Estimated Net Cost to Buy: $17,297.71

Estimated Total Cost to Lease: $18,120.00

Lower Estimated Cost: Buying by $822.29

Buying cost = down payment + upfront fees + loan payments made + remaining loan balance − estimated resale value. Leasing cost = due at signing + additional fees + lease payments. Assumes the stated monthly lease payment is made for every comparison month and the resale value is estimated at that same time. Excludes insurance, maintenance, fuel, mileage penalties, end-of-lease charges, taxes not entered, and the time value of money. Do not count fees in both upfront and monthly amounts.