Calculators

Auto Loan: Should you lease or buy your car?

Use this calculator to find out! The tool calculates your monthly payments and your total net cost. By comparing these amounts, you can determine which is the better value for you.

Auto: Lease vs Buy

Vehicle Details

Price of Car

50000

Trade-In Value

25000

Sales Tax Rate

7.5

Buy Options

Buy Down Payment

10000

Loan Term (months)

48

Interest Rate

12.5

Lease Options

Lease Term (months)

36

Residual Value

$

Estimated value at the end of lease. Typically 50% of Vehicle Price.

Money Factor

0.00125

The money factor is essentially the portion of the monthly payments on a lease that is allocated to the financing cost of the lease. Typically between 0.0001 and 0.0030

Lease Down Payment

3000

Annual Mileage

10000

Excess Mileage Charge

0.15

($ per mile)

Acquisition Fee

595

Fee charged at the beginning of lease from dealer.

Disposition Fee

350

Fee charged at the end of lease.

Lease vs Buy Comparison

Based on your inputs

Buy Option

Total Loan Amount

Monthly Payment

Total Buy Cost

Lease Option

Depreciation Fee

Finance Fee

Monthly Sales Tax

Lease Payment

Total Lease Cost

Result

Cost Difference

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