Car Lease vs Buy Calculator
Which is cheaper over 3 years?
Quick 3-year cost comparison of leasing vs. financing a car.
What you enter
- Car price
- Down payment
- Loan APR
- Loan term (years)
- 3-yr resale value
- Lease monthly payment
- Lease due at signing
Worked example
With the default inputs:
- Car price: $35,000
- Down payment: $3,000
- Loan APR: 7%
- Loan term (years): 5
- 3-yr resale value: $22,000
- Lease monthly payment: $420
- Lease due at signing: $2,500
| 3-yr cost to buy (net) | $3,810.98 |
|---|---|
| 3-yr cost to lease | $17,620.00 |
| Better option | Buy |