Calculators

Auto Calculator: Lease vs Buy?

Compare the costs and benefits of leasing versus buying your next vehicle to make the best decision.

Auto: Lease vs Buy

Vehicle Details

Vehicle Price

50000

Trade-In Value

25000

Sales Tax Rate

7.5

Buy Options

Down Payment

10000

Loan Term (months)

Interest Rate

12.5

Lease Options

Lease Term (months)

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 Milage

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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