Lease vs. Buy Calculator
Compare the true total cost of leasing vs. buying a vehicle or equipment over the same time horizon.
Purchase / finance
Purchase price
$
Down payment
$
Loan interest rate
%
Loan term
mo
Estimated resale value
$
Lease
Monthly payment
$
Lease term
mo
Due at signing
$
Disposition fee
$
✓ Buying is cheaper
over the 60-month comparison period
$1,176
cheaper than the alternative
Buy — net cost
Down payment$5,000
Monthly payment$586.98
Total paid$40,219
Total interest$5,219
Est. resale value−$12,000
Net cost$28,219
Lease — 60-month cost
Due at signing$2,000
Monthly payment$450
Total payments$27,000
Disposition fee$395
Resale value$0 (no ownership)
Net cost$29,395
How this comparison works
Both options are compared over the same time horizon (your loan term). The buy cost subtracts estimated resale value since you retain the asset. The lease cost includes no residual value since you return the vehicle. Factors not included: insurance differences, mileage overage fees, maintenance, and tax deductibility.
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