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Lease Summary
Monthly Payment
$545.74
Total Cost Over Term
$22,541.55
Money Left After Term
$0 (no equity)
Buy Summary
Monthly Payment
$586.98
Total Cost Over Term
$29,019.07
Money Left After Term
$14,000.00 (resale)
Clear Winner
Leasing Wins
You save $6,477.52 over the term by leasing
Car Lease vs Buy Calculator calculates lease monthly payment as (depreciation fee + finance fee) × (1 + tax rate), where depreciation = (MSRP − residual) / term and finance fee = (MSRP + residual) × money factor. Buy payment uses standard PMT formula. Compares total cost over term including end values.
Car Lease vs Buy Calculator is a high-performance utility designed to help users streamline their workflow. Built with modern web technologies, it ensures fast processing times and high-quality outputs directly in your browser.
Lease monthly = (depreciation fee + finance fee) × (1 + taxRate/100). Depreciation fee = (MSRP − residualValue) / term. Finance fee = (MSRP + residualValue) × moneyFactor. Buy monthly uses PMT: P×r×(1+r)^n / ((1+r)^n − 1). Money factor × 2400 = approximate APR.
Money factor is the financing rate for a lease. Multiply by 2,400 to convert to APR. A money factor of 0.00125 = 3% APR.
Leasing offers lower monthly payments and a new car every 2-3 years, but you build no equity. Buying costs more monthly but you own the car and can resell it.
Calculate your car loan payment with sales tax, trade-in, fees, and total interest.
Compare two loan offers to find the best deal instantly.
Calculate asset depreciation using straight-line, declining balance, and IRS MACRS methods with full year-by-year schedules.