Lease vs Buy a
Car
Lease it or finance it? Compare the real cost over the same term.
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Lease vs Buy a Car
Prepared report · informational only, not advice
Setup
Country
🇺🇸 United States
🇨🇦 Canada
Car price
$
Term
months
Buy it (finance)
Loan APR
%
Down payment
for buying
$
Residual value
car's value at term end
$
Lease it
Lease payment / mo
$
Lease down / drive-off
$
Buying saves vs leasing
-$1,390
over the term; negative = leasing wins
Net cost to buy
$17,570
Total to lease
$16,180
The numbers
Buy: monthly payment
$988