Updated August 18, 2025
Buy vs Lease Calculator
Compare the true costs of buying versus leasing and get personalized recommendations based on your financial situation and driving needs.
Vehicle Information
Enter the vehicle details for comparison
Buying Option
Purchase the vehicle with financing
Buying Results
Monthly Payment
$613.15
Total Cost (3 years)$27,073
Estimated Value$21,494
Net Cost$5,579
Leasing Option
Lease the vehicle with monthly payments
Leasing Results
Monthly Payment
$428.89
Total Cost (3 years)$18,035
Remaining Value$—
Net Cost$18,035
Recommendation
Buy Recommended
Buying saves approximately $12,456 over 3 years. Better for those who drive more, want to build equity, or plan to keep the car longer.
Monthly Payment Difference
$184.26
Lease is lower
Net Cost Difference
$12,456
Over 3 years
Equity Built
$21,494
Buy only (lease = $0)
✅ Choose Buying If:
- • You drive more than 15,000 miles per year
- • You want to build equity in the vehicle
- • You plan to keep the car for many years
- • You don't mind handling maintenance after warranty
- • You want unlimited customization options
✅ Choose Leasing If:
- • You prefer lower monthly payments
- • You like driving newer cars with latest features
- • You drive less than 12,000-15,000 miles per year
- • You want warranty coverage for most repairs
- • You prefer predictable costs and no resale hassle