Lease vs Buy Calculator
Result
Lease vs Buy Calculator Lease vs Buy is a fast, free finance calculator. Enter Vehicle/Asset Price, Down Payment and Finance Rate to get an instant, accurate result — complete with the formula, a step-by-step worked example, and answers to common question — free online calculator.
Formula
- Lease vs Buy Calculator calculates its result from Vehicle/Asset Price, Down Payment, Finance Rate, Loan Term, Monthly Lease Payment, Lease Term. It uses the formula Buy PMT = (Price−Down) × r(1+r)^n/((1+r)^n−1); Lease Cost = Payment × Months. Change any input to recalculate the result instantly.
- The main inputs are Vehicle/Asset Price, Down Payment, Finance Rate, Loan Term, Monthly Lease Payment, Lease Term. Enter them in the units and format shown in the calculator.
- Use monetary amounts, rates and time periods exactly as labeled; the result reflects the assumptions entered on this page.
- Changing any input above recalculates the result with the same calculation engine used by this page.
Example: Lease vs Buy
- Vehicle/Asset Price: 40000
- Down Payment: 5000
- Finance Rate: 7
- Loan Term: 60
- Monthly Lease Payment: 450
- Lease Term: 36
Using Vehicle/Asset Price = 40000, Down Payment = 5000, Finance Rate = 7, Loan Term = 60, Monthly Lease Payment = 450, Lease Term = 36, the calculated result is 16200.
Sample result: Calculating…
Frequently asked questions
What does the Lease vs Buy calculate?
Lease vs Buy Calculator Lease vs Buy is a fast, free finance calculator. Enter Vehicle/Asset Price, Down Payment and Finance Rate to get an instant, accurate result — complete with the formula, a step-by-step worked example, and answers to common question — free online calculator.
Which values should I enter?
Enter Vehicle/Asset Price, Down Payment, Finance Rate, Loan Term, Monthly Lease Payment, Lease Term using the units and format shown beside each field.
What formula does this calculator use?
The calculator uses the following relationship: Buy PMT = (Price−Down) × r(1+r)^n/((1+r)^n−1); Lease Cost = Payment × Months.
Why might my result differ from another source?
Results can differ when another source uses different units, rounding rules, conventions or assumptions. Compare the inputs and definitions before comparing results.
Does the result update automatically?
Yes. Changing an input updates the result using the same calculation engine shown on this page.