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Lease vs. Purchase Calculator

Putting customers first since 1901.

This calculator is designed to compute the cost of leasing vs the cost of purchasing an automobile. With this calculator you can find out whether you should lease or buy a particular vehicle. Enter values in the fields (in Dollars) below and press the calculate button. Your results will be displayed below in the section titled "Results".

Lease
The length of the lease in months.
$
How much do you want to pay every month?
$
Required Security Deposit or Leasing Fee.
$
Down Payment.
$
Any rebates?
Purchase
$
Purchase price before rebates or other incentives.
$
Any rebates?
$
Down Payment
%
Tax Rate on your purchase
$
Total of any other up-front costs.
Length of the loan in months.
%
Annual Percentage Rate of the loan.

Please note that this analysis is useful for comparison purposes but does not take into consideration other variables that could change the actual costs. Future dollar costs and savings are not discounted to a present value. This includes both the monthly payments and the credit for the value of the vehicle at the end of the loan. Since these dollar amounts are not discounted to a present value, the comparison does not reflect the time value of the dollar savings.

Calculations produced are estimates.  Actual results are dependent on numerous factors including the exact interest rate, fees financed and the period between the loan funding and the first payment.