Lease vs Buy Calculator
Compare the total cost of leasing versus buying a car or equipment to make an informed financial decision.
Purchase Option
$
$
%
mo
$
Lease Option
$
mo
$
Other Factors
%
%
Better Option
Leasing
Saves $44,159
Buy Total Cost
$26,899
Lease Total Cost
$17,264
Buying Cost Breakdown
Monthly Loan Payment$580
Total Loan Payments$34,799
Down Payment + Tax$7,100
- Residual Value-$15,000
Net Cost to Buy$26,899
Leasing Cost Breakdown
Monthly Lease Payment$400
Total Lease Payments$14,400
Down Payment + Tax$2,864
Total Cost to Lease$17,264
Break-even residual: Buying becomes better if residual value is > $24,635