Car Lease vs Buy Calculator
Compare the simplified cash cost of leasing versus buying a car.
How this tool helps
Compare simplified cash costs of leasing a car versus buying it with a loan. Adjust down payment, loan rate, lease rental, tenure and expected resale value.
- Include realistic resale value assumptions.
- Consider insurance, maintenance and taxes separately if they differ between options.
- For employer car programs, tax treatment can materially change the comparison.
Worked example: Compare the same car over one period
- Enter the vehicle price and down payment
- Enter the loan interest rate and comparison tenure
- Enter monthly lease rental and expected resale value
The calculator compares the simplified purchase cash cost with lease rentals and the entered resale assumption.
Add or separately assess insurance, maintenance, taxes, mileage restrictions, fees and employer lease benefits before making a decision.
Frequently asked questions
Does the cheaper result always mean the better option?
No. Ownership flexibility, mileage limits, taxes, maintenance and personal preferences can also matter.
Is resale value guaranteed?
No. Actual resale value depends on market conditions, vehicle condition and demand.
Does this include tax benefits from a company car lease?
No. Employer-specific tax and payroll benefits should be evaluated separately.
Related tools
Privacy
Your inputs stay in your browser. No account or upload is required.