Auto Loan & Lease Comparison Calculator
Compare monthly payments and total cost of ownership when buying versus leasing. Factor in taxes, fees, and mileage to choose the best plan for your budget.
Loan assumptions
Enter purchase-related costs and financing terms.
Loan summary
Monthly payment and total cost of purchasing the vehicle.
Monthly payment$676.14
Total paid over loan$40,568.61
Interest paid$4,078.61
Down payment$5,000.00
Sales tax + fees$3,490.00
Total cost of owning$45,568.61
Lease summary
Monthly payment, drive-off, and ending costs for leasing.
Monthly payment$586.85
Lease term total paid$23,626.57
Drive-off / upfront$2,500.00
Estimated excess mileage fees$1,125.00
Residual value (end of lease)$21,660.00
Total cost of leasing$24,751.57
Leasing appears cheaper.
Difference over the term: $20,817.04 saved by leasing instead of buying.
Related transportation tools
Fuel Cost Calculator
Estimate daily commute costs to fold into your auto budget more accurately.
Commuting Savings Calculator
Compare alternative commute options while reviewing loan vs lease payments.
Sales Tax Calculator
Model taxes on vehicle purchases when preparing for loan down payments.