Lease vs buy calculator
Compare the total costs of leasing versus buying. Calculate which option is financially more advantageous over the chosen term.
Lease
Buy
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How does this equation work?
With a lease, you pay a fixed amount per month. When buying, you pay a one-time purchase price, plus monthly costs for maintenance and insurance, but you take the residual value into account.
Total cost of buying = Purchase price + (Monthly costs × term) − Residual value