What does the lease vs buy calculator calculate?

The calculator compares the total cost of leasing versus buying a car over the same period, accounting for monthly payments, down payment, residual value, interest rates, and estimated depreciation.

Is the lease vs buy calculator free to use?

Yes. The Autozis lease vs buy car calculator is completely free to use with no account or signup required.

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Lease vs Buy Car Calculator

Lease vs Buy Car Calculator

Q: Is it better to lease or buy a car?

Whether leasing or buying is better depends on your financial situation and driving habits. Leasing typically offers lower monthly payments and lets you drive a newer car more often, but you build no equity. Buying costs more upfront but you own the vehicle outright and have no mileage restrictions. Use the calculator to compare total costs for your specific situation.

Compare lease and buy costs using your own numbers. For deeper guidance on taxes, credit score impact, and real-world scenarios, read the Lease vs Buy complete guide.

Lease

Monthly Payment

Enter your expected or quoted monthly lease payment.

Down Payment

Upfront amount paid when starting the lease.

Lease Term (months)

Total lease duration in months.

Lease End Costs

Mileage overage, wear-and-tear, and disposition fees.

Buy

Car Price

Vehicle purchase price before down payment.

Down Payment

Upfront amount that reduces the financed balance.

Loan Term (months)

Total loan duration in months.

Interest Rate (annual %)

Annual percentage rate (APR) for the car loan.

Estimated Resale Value

Estimated value when you sell or trade the car later.

Shared Assumptions

Sales Tax Rate (%)

Enter the sales tax rate for your location.

Annual Insurance Cost

Estimate your yearly car insurance expenses.

Annual Maintenance/Repair Cost

Estimate yearly routine service and repair costs.

Compare over a custom period

Enable this to compare both options over a specific number of months instead of full terms.

Comparison Period (months)

Only used when custom comparison period is enabled.

Notes

Use realistic resale value and end-of-lease costs to avoid optimistic results.
Sales tax, insurance, and maintenance assumptions are applied to both options.
For deeper guidance and case studies, see the Lease vs Buy complete guide.

Frequently Asked Questions

Is it better to lease or buy a car?

It depends on your budget, mileage, and how long you keep vehicles. Leasing can lower monthly payments, while buying can cost less long-term if you keep the car for years.

What does this calculator compare?

It compares total lease cost versus total buy cost over either the full terms or a custom comparison period.

Is this calculator free?

Yes. The Autozis Lease vs Buy calculator is completely free and requires no signup.