Lease vs Buy
Compare leasing a car to buying it
Lease
Buy (with loan)
About Lease vs Buy
A lease-vs-buy calculator compares the total cost of leasing a car against financing it over the same period. Leasing keeps monthly payments low but you own nothing at the end; financing builds equity but costs more per month. The right answer depends on how long you keep cars and how heavily you drive.
Frequently asked questions
When you trade cars every 2-3 years, drive predictable mileage, and care more about monthly cash flow than long-term cost.
When you keep cars 5+ years, drive a lot, or want to modify them. Owned cars become cheaper to operate every year past the loan payoff.
Standard leases cap at 10-15k miles/year. Overages run $0.15-$0.30/mile and add up fast — model honestly or you'll be surprised at lease-end.
Yes for the comparison — the residual is what you'd pay to buy the leased car at term end, or what the financed car is roughly worth as a trade-in.
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Lease vs Buy
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