Lease or Buy Calculator

Disclosures

This calculator is for illustrative and educational purposes only. Both options are compared over the lease term. Buy monthly payment: standard amortization on (purchase price + sales tax − down payment + fees). Buy net cost = upfront cash (down + fees) + payments made during lease period + outstanding loan balance at lease end + opportunity cost on upfront cash − estimated market value at lease end (using compound annual depreciation). Lease monthly payment: standard amortization with residual as balloon payment, tax applied to monthly payment. Lease net cost = upfront cash (down + fees) + all lease payments + opportunity cost on upfront cash − refunded security deposit. Opportunity cost uses annual compounding at the investment rate of return. Results are estimates. Consult a qualified financial advisor before making any vehicle financing decision.