Auto Lease vs Buy Calculator
Compare leasing vs buying your next car.
Estimate the total cost difference between leasing and buying so you can make a smarter vehicle decision.
Premium Calculator
Unlock the auto lease vs buy calculator.
Compare lease payments, loan costs, ownership value, mileage limits, fees, and long-term cost differences in one clear calculator.
Unlock Lifetime AccessLease vs Buy Summary
Lease Option
$482/mo
Monthly Payment
$18,420
Net Cost
Buy Option
$621/mo
Monthly Payment
$21,660
Net Cost
Better Value
Leasing
Total Cost Comparison
Saves $3,240
Term
36 mo
Price
$35K
Tax
6.0%
Example Scenario
Example: Leasing vs Buying a $35,000 Vehicle
If you are comparing a 36-month lease against a 60-month auto loan for the same vehicle, this calculator can help estimate monthly payments, long-term ownership costs, lease fees, mileage considerations, and the total financial difference between leasing and buying.
Frequently Asked Questions
Common questions about this calculator
Is leasing a car cheaper than buying?
Leasing may produce lower monthly payments in the short term, but buying can provide long-term ownership value once the loan is paid off. The better option depends on how long you keep vehicles, your mileage habits, and your financial goals.
What happens at the end of a car lease?
At the end of a lease, you usually return the vehicle, purchase it for a predetermined amount, or start another lease. Additional charges may apply for excess mileage, wear, or damage depending on the lease agreement.
Is buying better if I drive a lot?
Buying is often better for drivers with higher annual mileage because leases usually include mileage limits and additional fees when those limits are exceeded.
How do monthly payments compare between leasing and financing?
Lease payments are often lower because you are paying for the vehicle’s depreciation during the lease term instead of the entire purchase price. Financing payments are usually higher but eventually lead to ownership of the vehicle.
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