Car Lease vs Buy Calculator
Compare leasing and financing costs before you sign
Lease vs Finance: Which is Right for You?
Choosing between leasing and financing depends on your driving habits, budget, and how long you plan to keep the car. Leasing typically offers lower monthly payments (often 20-30% less) but you won't own the car at the end. Financing has higher monthly payments but you build equity and own the vehicle outright.
When to Lease
- You want a new car every 2-3 years - Leasing lets you upgrade frequently
- Lower monthly budget - Lease payments are typically 20-30% lower than finance
- Business use - Lease payments may be tax-deductible
- Low annual mileage - Most leases limit to 10,000-15,000 miles/year
When to Finance
- You keep cars long-term - Owning for 5+ years is cheaper than perpetual leasing
- High annual mileage - No mileage limits when you own
- Customization freedom - Modify your car however you want
- Building equity - Car becomes an asset you own outright