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