Resource Center · Calculators
Should I Buy or Lease an Auto?
Buying builds equity but ties up more cash; leasing keeps payments low but you own nothing at the end. Compare the real cost over the period you choose.
Your Information
Buy
%
Lease
This calculator is for general educational purposes and produces hypothetical estimates based on the figures you enter. It is not financial, tax, legal, or investment advice and does not guarantee future results. Consult a qualified professional before making decisions.
Your Results
Buy: Monthly Payment
$619
Total Cost to Buy (net of equity)
$19,230
Total Cost to Lease
$16,864
Lower-Cost Option
Leasing — by $2,366
Buying builds equity in the vehicle; leasing does not. Tax, registration, and maintenance differences also affect the real total.
