Lease vs Buy Car Calculator

Compare the true net cost of leasing and financing the same car over the same period.

🔒 Everything is calculated in your browser. Your numbers never leave your device.

The car

Lease offer

Loan offer

Cheaper optionLeaseDifference $1,331
Net lease cost$20,889$580 / month
Net cost to buy$22,220$617 / month
Loan payment$661Balance at end $14,695

Net cost over 36 months

Lease$20,889
Buy$22,220
  • Buying is measured as cash paid plus remaining loan balance minus the car's value (56% of price). Add insurance and upkeep if they differ. With a lease you do not keep the car.

How it works

  1. Enter the car price, comparison period and expected resale value.
  2. Enter lease payment, money due at signing, mileage limit and fees.
  3. Enter your loan down payment, rate and term.
  4. Read which option costs less and by how much.

Fair comparison

Leasing looks cheaper by the month because you pay for depreciation only. Buying builds equity. The calculator compares net cost: cash paid plus remaining loan balance, minus what the car is worth.

Mileage and fees

Extra miles and end-of-lease fees can erase a lease advantage. Enter your real yearly miles to see the effect.

Frequently asked questions

What resale value should I use?

Many cars hold roughly 50 to 60 percent after three years. Check used prices for the model.

Does it include insurance and maintenance?

No. Add them if they differ between the two options.

Does it include sales tax?

No. Rules vary by state, so add them to the price or fees if relevant.

Is my data saved?

Only in your browser.