Auto Lease or Buy

To choose between a vehicle lease or loan, you’ll need to compare your total costs over the term of the arrangement. This calculator will give you a rough estimate of the costs involved, as well as a comparison between “lost interest” costs related to your initial expenses. It will even calculate your estimated monthly lease payment and/or your monthly loan payment if necessary.

Start with Line 1 and work your way through the entry fields and then click on “Compute” to arrive at cost figures.

Auto Lease Vs. Buy Calculator
Description (A) Lease: (B) Loan: Instructions
1. Purchase price:
2. Sales tax rate:
3. Fees:
4. Cash Down payment:
5. Net Trade-in allowance:
6. Rebates:
7. Term (in months):
8. Interest rate (APR):
9. Monthly payment:
10. Security deposit:
11. Estimated resale value:
12. Annual savings rate:
13. Year #/% Deprec. 1: 2: 3: 4: 5: 6: 7: 8: 9: 10:
Description (A) Lease: (B) Loan: Instructions
14. Monthly Payment:
15. Total of payments:
16. Total interest expense:  
17. Net upfront expenses:
18. Depreciation expense:  
19. Forgone Interest earnings:
20. Total cost:
21. Average cost per year: