Should I Buy or Lease an Auto?
When shopping for a car, one of the biggest decisions is whether to buy or lease. This calculator helps you compare the total cost of each option, so you can make an informed choice that fits your budget and lifestyle. Keep in mind that the most cost-efficient option over the long term is often to purchase a year-old, low-mileage vehicle with cash—avoiding interest payments and sidestepping much of a vehicle's initial depreciation. However, for most people, that is a significant amount of money to spend all at once. So this calculator helps you weigh the two most common alternatives.
When shopping for a car, one of the biggest decisions is whether to buy or lease. This calculator helps you compare the total cost of each option, so you can make an informed choice that fits your budget and lifestyle. Keep in mind that the most cost-efficient option over the long term is often to purchase a year-old, low-mileage vehicle with cash—avoiding interest payments and sidestepping much of a vehicle's initial depreciation. However, for most people, that is a significant amount of money to spend all at once. So this calculator helps you weigh the two most common alternatives.
Your Buy vs. Lease Comparison
This scenario compares the total cost of buying versus leasing based on your inputs. Remember, buying means you own the car at the end, while leasing means you return it.
Cost Difference
$0
Cost Comparison
Have A Question About This Topic?
Related Content
What Is a 1035 Exchange?
1035 exchanges provide a way to trade-in an annuity contract or life insurance policy without triggering a tax liability.
Strategies for Managing Student Loan Debt
Five strategies for managing your student debt.
Retirement Accounts When You Change Your Job
This video explores what to do with retirement accounts when you move on from your job.