Lifestyle

Should I Buy or Lease an Auto?

When shopping for a car, one of the biggest decisions is whether to buy or lease. This calculator helps you compare the total financial cost of each option, so you can make an informed choice that fits your budget and lifestyle.

Vehicle Details

Enter the purchase price, down payment, and loan information for the vehicle you're considering.

These are example values. Update them to reflect your personal situation.

Car Purchase Price

$5,000$100,000

Down Payment

$0$50,000

Loan Term (Years)

years

110 years

Interest Rate (%)

Lease Information

Enter the lease term and monthly payment for comparison.

Lease Term (Years)

years

15 years

Monthly Lease Payment

$100$2,000

Your Buy vs. Lease Comparison

This scenario compares the total cost of buying versus leasing based on your inputs. Remember, buying means you own the car at the end, while leasing means you return it.

Cost Difference

$0

comparison text

Down Payment

Monthly Loan Payment

Total Loan Payments

Total Cost to Buy

Down Payment

Monthly Lease Payment

Total Lease Payments

Total Cost to Lease

Cost Comparison

These figures are estimates based on the information you provided. Actual costs may vary based on fees, taxes, insurance, maintenance, and other factors. When buying, you own the vehicle at the end of the loan term. When leasing, you typically return the vehicle. Estimates only — not financial advice.

Should I Buy or Lease an Auto?

Vehicle Details

Lease Information

Your Buy vs. Lease Comparison

Cost Difference

$0

Cost Comparison

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