Lease vs Buy Calculator
Compare the total cost of leasing versus buying a vehicle or asset. Enter lease terms and purchase financing details to see which option is more cost-effective, including the equity you build when buying.
Lease vs Buy Calculator
FAQ
Is it better to lease or buy a car?
It depends on your situation. Leasing typically has lower monthly payments and lets you drive a new car every few years, but buying builds equity and is usually cheaper long-term if you keep the vehicle for many years.
What is residual value?
Residual value is the estimated worth of the vehicle at the end of the lease or loan term. When buying, this represents your equity in the vehicle. A higher residual value makes buying more attractive.
What costs are not included in this comparison?
This calculator focuses on financing costs. Additional factors like insurance, maintenance, taxes, fees, mileage penalties (for leases), and opportunity cost of the down payment are not included but should be considered.