US Car Lease vs. Buy Calculator
Compare the true total cost of leasing vs. buying a car in the USA to make the smartest financial decision.
đ Car Lease vs. Buy Calculator
Find the true total cost of leasing vs. buying your next car.
đ Buying
đ Leasing
What is the US Car Lease vs. Buy Calculator?
Model the complete financial difference between leasing and buying a car over the same period, including financing costs, depreciation, residual value, and mileage overages.
How Does the US Car Lease vs. Buy Calculator Work?
Enter car price, down payment, loan rate and term for buying. Then enter lease payment, term, and mileage overage details. Results compare total out-of-pocket costs net of depreciation.
Formula & Calculation Method
Buy cost = total loan paid + down payment - car residual value at end of lease term (using depreciation rate). Lease cost = down + monthly payments à months + mileage fees at $0.25/mile.
Example Calculation
Buying a $35,000 car with a 5-year loan at 6% vs. leasing at $400/month for 3 years is compared, accounting for 15% annual depreciation.
Frequently Asked Questions
Buy cost = total loan paid + down payment - car residual value at end of lease term (using depreciation rate). Lease cost = down + monthly payments à months + mileage fees at $0.25/mile.
Disclaimer: This tool is provided for informational and calculation purposes. Output values are estimates based on standard user inputs.