Auto Finance
Buy vs Lease Calculator
Should you buy or lease your next vehicle? Compare the true cost of each option, accounting for monthly payments, depreciation, equity buildup, and fees.
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Calculated buy payment: $626 /mo for 60 months
Cost Comparison
Leasing Saves You
$5,501
over 36 months
Net Cost to Buy
$18,101
Cost to Lease
$12,600
Monthly Payment Difference
+$276/mo to buy
Equity Built by Buying
$7,439
vehicle value minus remaining loan at month 36
Cumulative Net Cost Over Time
🚗Buy (Finance)
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📋Lease
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≈ 3.00% APR
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(Used to account for money tied up in vehicle equity)📋 Leasing is Better
Leasing saves you $3,915 over 36 months
Buy Summary
Monthly Payment$634.92
Down Payment$5,000
Sales Tax$2,450
Total Loan Payments$22,857
Interest Paid$3,387
Total Out of Pocket$27,857
Vehicle Value at End$21,494
Net Cost of Ownership$20,616
+ Opportunity Cost$1,368
Adjusted Total Cost$21,984
Lease Summary
Monthly Payment$436.63
Down Payment (Cap Reduction)$2,000
Acquisition Fee$650
Disposition Fee$350
Total Lease Payments$15,719
Implied Interest Rate3.00%
Total Out of Pocket$18,069
Vehicle Value at End$0 (you don't own it)
Net Cost of Leasing$18,069
Quick Comparison
Buy Monthly
$634.92
Difference
+$198.29
Buy costs more
Lease Monthly
$436.63