Calculate whether to buy or lease a car
Enter the details of the purchase and lease options and see which one looks best.
When buying a car there are many decisions to make – color, safety options, rebate, lease or buy. We can help you with one decision; use our lease vs buy calculator to determine whether you'd prefer to lease or buy your next vehicle.
Buy vs. lease
Buying - What are the details of the car you would like to buy?
All fields are required. If something doesn't apply, place a 0 in the field.
Results
Buying
Downpayment
$1000
Monthly payments for first 36 months*
$10636.189210531728
Trade in on purchase
$5000
Balance of loan after 36 months
$3502.5623255996128576099925849
Total cost after 36 months
$20138.751536131340857609992585
Value of car at end of 36 months**
($13372.613696711132386599661392)
Net cost to purchase after 36 months
$6766.137839420208471010331193
The average net cost to purchase a car in 36 months would be $187.94827331722801308362031092 per month.
Net cost to purchase after 48 months
$8087
The average net cost to purchase a car in 48 months would be $168.47110774543914080758219685 per month.
Leasing
Downpayment
$3000
Sales tax
$232.500000
Monthly payments for 36 months
$7200.00
Total cost to lease after 36 months
$10432.500000
The average net cost to purchase a car for 36 months would be $289.79166666666666666666666667 per month.
*Sales tax of $1550.000000 is included in the financing.
**The first year's depreciation is 20% on the new car and 10% on the used car.
Subsequent years were figured at 10% for both new and used.
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