About this calculator
Leasing usually wins on monthly payment but loses on long-term cost; buying flips that. This calculator compares both over your real ownership horizon — payments, residual value, equity, and total out-of-pocket — so the lower-payment option is not mistaken for the cheaper one.
What it shows you
- Total cost of leasing vs. buying over your time horizon
- Equity you build by buying
- A clear monthly payment comparison
- Cost per year of ownership for each path
- The mileage and term assumptions that flip the answer
What you'll enter
- Vehicle price, down payment, rebates, and trade-in value and payoff
- Lease term, residual value, money factor, mileage limit, and fees
- Loan term and interest rate
- Sales tax, expected driving, maintenance, and depreciation
When to use it
- Deciding whether to lease or buy your next car
- Comparing total cost, not just the monthly payment
Why it matters
Auto decisions repeat every few years and quietly drain wealth. An advisor who can settle "lease or buy" with clear numbers adds value well beyond the mortgage — and stays top of mind.
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