Lease vs. Buy

Should I lease or purchase an auto?

Leasing has become a very popular method of acquiring a new auto. Although the payments may seem attractive, it may not always be the best financial decision versus purchasing the vehicle outright and financing it with a low interest loan. Use the following calculator to help analyze the financial impact of lease versus buy.

Common Assumptions

Down payment (capital reduction) ($) Rebate amount ($) Number of months (1 to 360)

Lease Information

Monthly payment amount ($) Security deposit/leasing fee ($)

Purchase Information

Purchase price ($) Other upfront costs ($) Market value of vehicle at end of loan ($) Sales tax rate (0% to 75%) Annual percentage rate on loan (0% to 40%)

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