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    CalculatorsFinanceAuto Loan & Lease vs. Buy Calculator

    Auto Loan & Lease vs. Buy Calculator

    Compare financing (buying) versus leasing a vehicle with money factor APR, residual equity, and true net cost.

    Calculate

    Auto Loan & Lease vs. Buy Calculator

    Conduct a comprehensive financial comparison between financing (buying) and leasing a vehicle. Compare monthly payments, out-of-pocket cash flow, money factor APR equivalents, residual value equity, and true net cost over your ownership horizon.

    1. Vehicle Purchase & Trade-In Details
    Enter agreed purchase price, cash down payment, trade-in value, and local sales tax rate.

    MSRP or negotiated price

    Upfront cash paid

    Estimated trade-in credit

    Remaining loan on old vehicle

    Auto sales tax rate

    DMV registration, dealer fee

    2A. Auto Loan (Buy) Financing Terms
    Configure loan duration and interest rate for purchasing.

    Duration of auto loan

    Fixed annual financing rate

    2B. Lease Contract Terms
    Configure lease period, money factor, and residual percentage.

    Lease contract length

    % of MSRP at lease end (~50%–62%)

    ≈ 6.00% APR equivalent

    Bank lease origination fee

    3. Comparison Time Horizon & Vehicle Depreciation
    Set the evaluation time frame to calculate normalized true cost of ownership vs consecutive leasing.

    Total evaluation timeframe

    5-year standard: ~40%–48% of original MSRP

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