Auto Lease or Buy Calculator

 

To choose between a vehicle lease or loan, you'll need to compare your total costs over the term of the arrangement. This calculator will give you a rough estimate of the costs involved, as well as a comparison between "lost interest" costs related to your initial expenses. It will even calculate your estimated monthly lease payment and/or your monthly loan payment if necessary.

Start at the top and work your way through the entry fields and then click on "Calculate" to arrive at cost figures. You can adjust the vehicle depreciation using the [Enter Vehicle Depreciation Rates?] dropdown.

Description

Lease

Buy

Purchase price:
Sales tax rate:
Fees:
Cash Down payment:
Net Trade-in allowance:
Rebates:
Term (in months):
Interest rate (APR):
Monthly payment:
Security deposit:
Estimated resale value:
Annual savings rate:

Enter Vehicle Depreciation Rates?

Year

Percent Depreciation

1
2
3
4
5
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7
8
9
10

Your Results

Lease

Buy

Monthly payment:
Total of payments:
Total interest expense:
Net upfront expenses:
Depreciation expense:
Forgone Interest earnings:
Total cost:
Average cost per year:

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