Lease vs Buy Car Calculator

Compare total cost of leasing vs buying a car. See which option saves more over the term.

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Lease Terms

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Buy / Finance Terms

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Total Lease Cost

$14,600.00

Total Buy Cost

$21,382.09

Better Option

Buy

Save $49.19/mo

Lease Breakdown

Down Payment$2,000.00
Monthly Payments (36 mo)$12,600.00
Total Lease Cost$14,600.00
Cost Per Month of Use$405.56

Buy / Finance Breakdown

Down Payment$5,000.00
Loan Amount$30,000.00
Monthly Payment$573.03
Total Interest Paid$4,382.09
Total Payments$39,382.09
Less: Residual / Resale Value- $18,000.00
Net Buy Cost$21,382.09
Cost Per Month of Use$356.37

Use the Lease vs Buy Car Calculator above to calculate your results. Enter your values and see instant results — all calculations run in your browser.

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.