Calculator.CL Logo
Calculator.CL Free Online Calculator
Menu
Financial Tool

Lease vs Buy Calculator

Make the smartest financial decision for your next vehicle. Compare monthly payments, total costs, and long-term value.

Buy
Ownership
Lease
Flexibility
$

Buying Details

Leasing Details

Pros and Cons of Leasing vs Buying

Choosing between leasing and buying depends on your financial goals and driving habits.

Buying

  • You own the asset after potential loan payoff.
  • No mileage limits.
  • Higher monthly payments.
  • Depreciating asset risk.

Leasing

  • Lower monthly payments.
  • Drive a new car every few years.
  • You never own the car.
  • Strict mileage limits.

How the Math Works

This calculator compares the "Net Cost" over the loan term.

Buying Cost (Monthly Payment × Months) + Down Payment - Resale Value
Leasing Cost (Monthly Payment × Months) + Down Payment

Frequently Asked Questions

Are there hidden fees in leasing?

Yes, leases often have "acquisition fees," "disposition fees," and charges for excess wear and tear or mileage.

Which is better for high mileage?

Buying is almost always better if you drive a lot (e.g., over 15,000 miles per year), as leases have strict penalties for excess mileage.