Lease vs. Buy Calculator

Compare the total cost of leasing vs. buying a vehicle or asset over the same time period.

Asset Price ($)

Buy

Down Payment - Buy ($)

Loan Interest Rate (%)

Loan Term (Years)

Lease

Monthly Lease Payment ($)

Lease Term (Years)

Down Payment - Lease ($)

Annual Depreciation (%)

Results

Monthly Payment

$586.98

Total Cost

$26,131

Residual Value

$21,494

Net Cost

$4,637

Monthly Payment

$400.00

Total Cost

$16,400

Residual Value

Net Cost

$16,400

Recommendation

Buying is cheaper by $11762.93 over 3 years