Lease vs Buy Calculator
Compare the true cost of leasing and buying, find your break-even point, and get a recommendation.
$
$
Residual value58% of MSRP
Money factor0.0025 (~6.0% APR)
Lease / loan term36 months
Buy financing APR7%
RecommendationBuy
Lease / month
$503
Buy / month
$1,081
Lease total cost
$21,094
Buy net cost
$19,865
after resale equity
Buying pulls ahead of leasing after about 88 months of ownership, once you factor in the resale equity you keep.
Guides
Buy smarter
Budgeting6 min read
The 20/4/10 Rule: How Much Car Can You Really Afford?
The simplest guardrail in car buying: 20% down, finance for no more than 4 years, and keep total auto costs under 10% of gross income.
Read guide →Credit5 min read
How Your Credit Score Sets Your Car Loan APR
The gap between a 600 and a 760 score can be 7+ points of APR — thousands of dollars over the life of the loan.
Read guide →Buying7 min read
Lease vs. Buy: Which Actually Costs Less?
Leasing wins on monthly payment and newness; buying wins on long-term cost and flexibility. Here is how to decide.
Read guide →Approval5 min read
7 Ways to Improve Your Car Loan Approval Odds
Approval is about more than your score. Down payment, DTI, and income stability all move the needle.
Read guide →