Leasing or buying

Lease vs. Buy a Car Calculator

Compare the full cost of leasing and buying the same kind of car over the same time and mileage.

Lease offer

Use the after-tax numbers from your actual offer because lease taxes vary by state and city.

Total due at signing

After-tax monthly payment

Lease term

Allowed miles per year

Expected miles per year

Excess-mile charge

Enter the contract rate per mile.

Acquisition and disposition fees not already included

Expected wear charges

Annual lease operating costs

Insurance, maintenance, energy and local fees not already reflected elsewhere.

Buy the car at the end of the leaseWe only count the car as an asset if you choose the buyout option.

Out-the-door price

Use the final price after any incentives you expect to receive.

Down payment and trade-in equity

Ownership period

Matches the lease term so both options cover the same period.

Expected resale value

Expected annual mileage

Energy type

Fuel economy

Fuel price per gallon

Annual insurance

Annual maintenance, repairs and tires

Annual parking and tolls

Annual registration and local vehicle fees

Include registration, inspection, vehicle property or excise tax, and any EV fee that applies where you live.

Include vehicle financing

Invest the upfront and monthly cash you save

This is not a lease disclosure, financing offer, tax calculation or recommendation. Check every fee and mileage rule in the contract before you sign.

Enter the lease offer and buying option using the same number of months and expected mileage.