Lease vs Buy Calculator

Enter the price, fees, terms, money factor or lease APR and a residual. Compare total lease payments with a purchase loan, then subtract a value you type if you keep the car. Not financial advice.

Car price

Lease

Down payment

Fees

Residual value

Term (months)

Money factor

Usually a small number like 0.00125.

Buy with a loan

Down payment

Fees

Loan APR (%)

Loan term (months)

Car value at the end

Leasing costs less

2,466.59

Difference in net cost with the numbers you entered.

Lease monthly: 349.79
Loan monthly: 550.98
Lease total paid: 14,592.50
Buy total paid: 35,059.09
Buy net (minus car value): 17,059.09

Simple comparison, not financial advice. Lease payment = depreciation + rent charge (money factor × 2,400 ≈ APR); no tax, insurance, mileage or wear charges. Buy net subtracts the car’s value at the end. The two terms can differ, so compare like for like when you can.

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Frequently asked questions

What is assumed?

Fees are added to the amount financed and the down payment is subtracted. Lease rent is (cap cost + residual) × money factor. A lease APR is turned into a money factor by dividing by 2,400. Taxes, insurance and mileage charges are not included.

Is this financial advice?

No. It compares the numbers you type. Real offers include taxes, fees and conditions that change the result, so read the contract or ask an adviser.

Why compare different terms?

A lease usually ends earlier than a loan. The comparison is total cash out minus what you own at the end, so compare like-for-like periods when you can.