Buy Vs Lease Calculator

Calculate
Your Best Option

If you are on the fence as to whether it's best to buy or lease, then this Buy Vs
Lease Calculator can definitely make your decision much easier.

As a rule of thumb, if the payments are right for you, leasing tends to be a better
option for new cars and buying is best for used cars. (May run a bit out of the border in Explorer, but it is still functional)

Buy Vs Lease 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 with Line 1 and work your way through the entry fields and then click on "Compute" to arrive at cost figures.

Description (A) Lease: (B) Loan: Instruct/Explain
1. Purchase price:

2. Sales tax rate:
3. Fees:
4. Cash Down payment:
5. Net Trade-in allowance:
6. Rebates:
7. Term (in months):
8. Interest rate (APR):
9. Monthly payment:
10. Security deposit:

11. Estimated resale value:
12. Annual savings rate:

13. Year #/% Deprec. 1 2 3 4 5 6 7 8 9 10

Description (A) Lease: (B) Loan: Instruct/Explain
14. Monthly payment:

15. Total of payments:
16. Total interest expense:

17. Net upfront expenses:
18. Depreciation expense:

19. Forgone Interest earnings:
20. Total cost:
21. Average cost per year:

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