Lease vs Buy Car Calculator
Deciding whether to lease or buy a car can be challenging because there are so many factors to consider, ranging from financial implications and how either can affect your budget to individual preferences and driving needs.
Our lease vs. buy calculator can help you determine whether it’s a better option to lease or purchase a vehicle based on factors related to purchasing a car, such as getting a loan, or depreciation and leasing, such as monthly payments.
Should I lease or buy a car?
Whether you should buy a car depends on factors like the vehicle itself, your preferences and the financial implications. The most important factor is your budget. You can build a better budget by reviewing your monthly cash flow, including bills and debts, to determine which option aligns best with your financial goals and affordability.
Keep in mind that some consider it cheaper to purchase a car they’ll own for many years, but cars depreciate in value when you drive off the lot. On the other hand, leasing allows you to drive newer cars that often require fewer maintenance costs, but don’t allow you to build equity. To determine whether you should lease or buy a car, use our calculator and continue reading our guide below.
Lease vs. Buy Car Calculator
Use our lease vs. buy a car calculator to help determine if leasing or purchasing a vehicle makes financial sense. Since the right choice can significantly impact your finances and lifestyle, determining how much each will cost you on a monthly basis can help.
Our lease vs. buy calculator can help you assess the financial impact of each option, allowing you to make a better decision for your unique circumstances.
How We Can Help You Save for a Car
Our lease vs. purchase calculator can help you determine whether you should purchase or lease a car. However, it’s worth it to take a deep dive into your financial situation to determine which one is most affordable in the short- and long-term.
When you're ready, visit our Auto Buying Center and take advantage of our trusted partners that can help find the perfect new or used vehicle for you. They can help negotiate prices, provide recommendations and even deliver the vehicle to you!
