Lease vs Buy Calculator
Compare the total cost of leasing versus buying a car. See monthly payments, total cost over your ownership period, and which option saves you more money.
Vehicle Details
Buy (Finance)
Lease
Enter the vehicle price above to compare leasing vs buying costs.
How to Use the Lease vs Buy Calculator
- Enter the vehicle price and your planned ownership period.
- Fill in the buying details: down payment, loan rate, and term.
- Fill in the leasing details: cap cost reduction, money factor, and residual.
- Compare the side-by-side results to see which option is cheaper.
Lease vs Buy: Key Differences
Buying a car means you own it outright after paying off the loan and build equity through resale value. Leasing is essentially renting the car for a fixed period with lower monthly payments, but you return it at the end. The total cost depends on how long you plan to keep the vehicle.
Features
- Side-by-side monthly payment comparison
- Total cost of ownership over your planned period
- Depreciation and residual value calculations
- Multiple lease term support
- Tax and finance charge breakdown
- 100% client-side, private and free
Disclaimer:This tool is provided “as is” for informational and educational purposes only. Results may not be 100% accurate. ToolBird makes no warranties, express or implied, regarding the accuracy, reliability, or completeness of any output generated by this tool. This tool does not constitute professional, legal, financial, medical, or tax advice. Always consult a qualified professional for important decisions. By using this tool, you agree that ToolBird and its operators shall not be held liable for any damages, losses, or consequences arising from the use of this tool or reliance on its results. All processing occurs in your browser — we do not store, transmit, or access your data. Use at your own risk.