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

Zip Code
(for rates and pricing in Ashburn, VA)

Vehicle Details
Look up the vehicle you’d like to buy or enter the price below
Vehicle Sales Price
(with typical options)
Sales tax rate
(by state)
Sale tax amount:
Title and registration
Cash Incentives

Trade-In and Down Payment
Enter the details of your Trade-In to receive the most accurate calculation.
Value of Your Trade-In
Amount Owed on Your Trade-In
Cash Down Payment
Cap Cost Reduction

Financing Details
Interest rate
Lease money factor

Lease Terms
Acquisition fee
Lease term
Security deposit

Loan Terms
Loan term

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.