Lease vs Buy Calculator

Compare leasing versus buying costs for equipment or vehicles.

Buy

Purchase Price ($)

Down Payment ($)

Loan Rate (%)

Loan Term (months)

Residual Value ($)

Lease

Monthly Lease ($)

Lease Term (months)

Upfront Payment ($)

Buy: Monthly Payment

$579.98

Net cost: $24799 over 60mo

Lease: Monthly Payment

$350.00

Total cost: $14600 over 36mo

Leasing is more cost-effective

Buy effective: $413.32/mo vs Lease: $405.56/mo