Buy vs Lease
Enter the car details to compare buying vs leasing.
Buy
Lease
Better option over 3 years
Buy saves $0
Buy cost: $0 · Lease cost: $0
Buy total cost (3 yrs)
$0
Lease total cost (3 yrs)
$0
Buy monthly cost
$0
Lease monthly cost
$0
Difference
$0
Buy net asset after 3 yrs
$0
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Car price ($) | $40,000 |
| Down payment ($) | $8,000 |
| Monthly lease payment ($) | $450 |
| Result | Value |
|---|---|
| Better option over 3 years | Buy saves $11,060 |
| Buy total cost (3 yrs) | $8,540 |
| Lease total cost (3 yrs) | $19,600 |
| Buy monthly cost | $237/mo |
| Lease monthly cost | $544/mo |
| Difference | Buy saves $11,060 |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Buy vs Lease
- Car price ($) — default $40,000
- Down payment ($) — default $8,000
- Monthly lease payment ($) — default $450
- Press Calculate to update the results instantly.