Car Lease vs Buy Calculator
Compare total costs of leasing versus buying a vehicle.
How to Use the Car Lease vs Buy Calculator
- Enter the required values.
- Click Calculate to see the results.
- Review the output values.
- Adjust inputs as needed.
Quick Reference
| From | To |
|---|---|
| 3-year lease | Lower monthly, no equity |
| 5-year loan | Higher monthly, own car |
| Typical lease | 36 months |
| Typical loan | 48–72 months |
| Good rate | 3–5% APR |
| Residual value | 40–60% after 3 years |
Use Cases
- •Quick estimation and planning.
- •Comparing different scenarios.
- •Budgeting and cost analysis.
- •Educational and research purposes.
Formula
Monthly = P×r/(1-(1+r)^-n). Total buy = Down + Payments. Net = Total − Residual.
Frequently Asked Questions
How to use?
Enter the data and click the calculate button.
Calculation accuracy?
Calculations are performed with high precision.
Is it free?
Yes, all calculators are completely free.