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.

Buying a Car

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

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

Down Payment

$0$500,000

Car Loan Amount

$0$500,000

Loan Term (Years)

years

Interest Rate (%)

Leasing a Car

Enter the lease down payment, monthly payment, and lease term for comparison.

Down Payment (if applicable)

$0$500,000

Monthly Lease Payment

$0$500,000

Lease Term (Years)

years

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

Annual 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.