Lease vs Buy Car Calculator
Compare leasing versus buying a car. See total costs over time for both options.
Understanding Auto Leases
Buying: Higher payment but equity. Leasing: Lower payment, no ownership.
Key Terms
- Cap Cost: Negotiated price
- Residual: End-of-lease value
- Money Factor: Interest rate / 2400
Frequently Asked Questions
Should I lease or buy?
Lease if you want new cars often. Buy if you keep cars 5+ years.
What are lease mileage limits?
Typically 10-15k miles/year. Excess mileage costs $0.15-0.30/mile.