Autozis

Lease vs Buy Car Calculator

Compare lease and buy costs using your own numbers. For a worked cost comparison and an explanation of the calculator assumptions, read the Lease vs Buy worked example.

Lease

Enter your expected or quoted monthly lease payment.

Upfront amount paid when starting the lease.

Total lease duration in months.

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

Buy

Vehicle purchase price before down payment.

Upfront amount that reduces the financed balance.

Total loan duration in months.

Annual percentage rate (APR) for the car loan.

Estimated value when you sell or trade the car later.

Shared Assumptions

Enter the sales tax rate for your location.

Estimate your yearly car insurance expenses.

Estimate yearly routine service and repair costs.

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

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 the hypothetical 36-month comparison and its assumptions, see the Lease vs Buy worked example.

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.

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