Calculator: Should I Purchase or Lease?
The question of whether to buy or lease a car can hinge more on how you'll use the vehicle, and for how long, than on what the monthly cost will be.
That's not to say the money doesn't matter. With the average price of a new car approaching $29,000, financing—through an auto loan or a lease—is likely. Lately, consumers acquire about a third of all new cars through leases.
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This calculator is solely for informational purposes and provides reasonably accurate results; the calculations are not intended to be relied upon as actual borrowing/savings results computations.
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