Lease vs Buy Car Calculator
Calculate your monthly payment and compare monthly payment estimate between a loan and lease deal.
Compare Loan and Lease Payments
Trade-In and Down Payment
The calculator above is designed to illustrate the differences in monthly payments between a lease versus a traditional auto loan. In this "lease versus buy" scenario, you'll typically find that the payments will be lower for the leased vehicle. With a lease, the payments go toward offsetting the depreciation. While with a typical auto loan, you're making progress toward paying it off in full. There are pros and cons to each new-car buying approach, which we cover in the section below. But overall, this calculator is a useful tool in visualizing how different aspects of a car deal affect your monthly payment.