Lease vs Finance Calculator
Compare monthly payments and total costs to decide whether leasing or financing is the better deal for you.
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How to Use This Calculator
Enter the vehicle price, down payment, term length, and interest rate to compare the total cost of leasing versus financing. The calculator shows you side-by-side monthly payments and the total amount you'll spend over the life of each option. Keep in mind that when you finance, you own the vehicle at the end — with a lease, you return it unless you choose to buy it out.
Tips
- Leasing typically has lower monthly payments, but you won't own the car when the lease ends.
- Factor in mileage limits — most leases charge fees if you exceed 10,000–15,000 miles per year.
- If you plan to keep a vehicle for more than 5 years, financing usually costs less in the long run.