Lease vs Buy Car Calculator

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Many cars keep roughly 50–60% of their price after 3 years.

Leasing costs less over 36 months by

$1,748

Net cost to lease
$19,600
Net cost to buy (after selling or keeping the equity)
$21,348
Lease monthly payment
$450.00
Loan monthly payment
$691.39
Loan interest paid during that time
$5,348
Loan balance left at end of lease term
$15,458
Your equity in the car at that point
$6,542
Lease cost: $19,600Buy cost: $21,348
Lease costBuy cost

Ignores the investment return on cash, and maintenance and insurance differences between the two options.

Open the full lease vs buy car calculator with the formula and FAQs at Calcs for Life