Lease vs Buy Car Calculator
Compare estimated lease cost with financed purchase cost after depreciation, interest, fees, taxes and expected resale value. Review the assumptions below and continue with the related guides and calculators linked on this page.
Fill in the required fields to see your result.
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Use the primary result together with the supporting outputs. Related Calciro resources: [Car Loan Calculator](/car-loan-calculator), [Car Depreciation Calculator](/car-depreciation-calculator), [Cost Per Mile Calculator](/cost-per-mile-calculator), [Fuel Cost Calculator](/fuel-cost-calculator), [Car Loan vs Paying Cash](/guides/car-loan-vs-paying-cash), [How Car Depreciation Is Calculated](/guides/how-car-depreciation-is-calculated), [How to Calculate Cost Per Mile](/guides/how-to-calculate-cost-per-mile).
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How to Use This Calculator
Enter the requested values using the units shown. Keep all values consistent and review every assumption before interpreting the result.
Formula & Methodology
The calculator applies the displayed formulas directly to the entered values. Supporting outputs expose intermediate calculations rather than hiding them.
Worked example
Compare both options over the same time horizon and use a realistic resale value rather than comparing only monthly payments.
The comparison excludes items not entered, such as sales tax, registration, maintenance, excess mileage, wear charges, acquisition fees, disposition fees and opportunity cost.
Educational vehicle-cost comparison only. It is not lending, tax, legal or financial advice and does not represent a dealer quote.
Related Calculators
- Car Depreciation CalculatorEstimate your car's current value using straight-line depreciation.
- Cost Per Mile CalculatorCalculate your true cost per mile driven, including fuel, insurance, maintenance, and loan payments.
- Toyota Payment CalculatorEstimate a Toyota vehicle loan payment from price, down payment, trade-in, tax, fees, APR and loan term.
- Fuel Cost CalculatorCalculate the fuel cost for a trip.
Related Guides
- Lease vs. Buy Car Calculator: The Real Cost ComparisonCompare the true cost of leasing vs. buying a car over any time horizon. Covers money factor, residual value, capitalized cost, and when leasing makes financial sense.
- Car Loan vs. Paying Cash: Which Is Better?Compare car loan vs. paying cash. When financing costs more than investing the cash, when the break-even flips, and how to calculate the true cost of each choice using opportunity cost.
- How Car Depreciation Is Calculated: Methods, Rates, and True CostUnderstand how car depreciation is calculated. Covers the standard depreciation schedule (20% year 1), declining balance method, and how to estimate your car's future value.
- How to Calculate Cost Per Mile: Vehicle Ownership and Fleet CostsCalculate vehicle cost per mile by combining fuel, insurance, maintenance, depreciation, and financing. Covers personal vehicles, commercial vehicles, and IRS standard mileage rate comparison.
Frequently Asked Questions
- What does the Lease vs Buy Car Calculator calculate?
- Compare estimated lease cost with financed purchase cost after depreciation, interest, fees, taxes and expected resale value.
- Can I change the assumptions?
- Yes. The main assumptions are editable so you can use values appropriate to your situation.
- Is the result guaranteed?
- No. The result is an estimate based on the entered assumptions and the limitations stated on the page.
- Should important decisions be independently verified?
- Yes. Verify important medical, legal, financial, academic, veterinary or purchasing decisions with authoritative sources and qualified professionals.
Last updated 7/22/2026