Lease vs Buy Calculator

Compare the total cost of leasing versus buying a car or equipment to make an informed financial decision.

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Important Financial Disclaimer

This calculator provides estimates based on standard financial formulas from verified references. Results are for informational and educational purposes only and should not be considered as professional financial, investment, or tax advice.

For important financial decisions such as loans, investments, mortgages, retirement planning, or tax matters, please consult with qualified financial advisors, certified financial planners, or licensed tax professionals who can review your specific situation.

Calculations may not account for all variables specific to your circumstances, local regulations, or current market conditions. Always verify results and consult professionals before making financial commitments.

Not a substitute for professional financial advice

Purchase Option

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Lease Option

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Other Factors

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Better Option

Leasing

Saves $44,159

Buy Total Cost
$26,899
Lease Total Cost
$17,264

Buying Cost Breakdown

Monthly Loan Payment$580
Total Loan Payments$34,799
Down Payment + Tax$7,100
- Residual Value-$15,000
Net Cost to Buy$26,899

Leasing Cost Breakdown

Monthly Lease Payment$400
Total Lease Payments$14,400
Down Payment + Tax$2,864
Total Cost to Lease$17,264

Break-even residual: Buying becomes better if residual value is > $24,635

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