Lease vs Finance
Enter the car details for both lease and finance options.
Lease
Finance
Better option over 3 years
Lease saves $0
Lease cost: $0 · Finance cost: $0
Lease total cost (3 yrs)
$0
Finance net cost (3 yrs)
$0
Lease monthly
$0
Finance monthly
$0
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Car price ($) | $40,000 |
| Monthly lease payment ($) | $450 |
| Finance rate (%) | 6.5% |
| Result | Value |
|---|---|
| Better option over 3 years | Finance saves $11,060 |
| Lease total cost (3 yrs) | $19,600 |
| Finance net cost (3 yrs) | $8,540 |
| Lease monthly | $450 |
| Finance monthly | $626 |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Lease vs Finance
- Car price ($) — default $40,000
- Monthly lease payment ($) — default $450
- Finance rate (%) — default 6.5%
- Press Calculate to update the results instantly.