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Compare leasing vs buying a car: enter price, lease terms and loan terms to see monthly payment and total cost over years.
Compare leasing vs buying a car: enter price, lease terms and loan terms to see monthly payment and total cost over years.
Enter values above and click Calculate — results will appear here with the formula explained.
Leasing total is down plus monthly lease times months. Buying total is loan payments over same horizon (simplified, ignores down and residual). Buying builds equity—after loan, car is yours.
This is simplified, ignoring lease mileage fees, buy down payment, and resale value. Add resale to buying advantage if comparing ownership.
Compare leasing vs buying a car: enter price, lease terms and loan terms to see monthly payment and total cost over years. Formula: Lease total = leaseDown + leaseMo*12*years. Example: With $35k car, lease $399/mo + $3k down for 3y = $17,364.
Leasing total is down plus monthly lease times months. Buying total is loan payments over same horizon (simplified, ignores down and residual). Buying builds equity—after loan, car is yours.
This is simplified, ignoring lease mileage fees, buy down payment, and resale value. Add resale to buying advantage if comparing ownership.
With $35k car, lease $399/mo + $3k down for 3y = $17,364. Buying $35k at 6.9% for 5y: payment $691/mo, 3y payments $24,876, so lease cheaper for 3y but buying leaves car asset.
Formulas are standard public references (see our methodology). External standards are cited in the text where they apply.
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