Should I Buy or Lease An Auto?

Leasing is one method of acquiring a new auto. Although lease payments may seem attractive at times, it may not always be the best financial decision when compared with purchasing the vehicle. Use the following calculator to help analyze the decision of whether to buy or lease.
Common Assumptions
Down payment (capital reduction) ($) 
Number of months 
Rebate amount ($) 
Lease Information
Monthly payment amount ($) 
Security deposit/leasing fee ($) 
Purchase Information
Purchase price ($) 
Sales tax rate (%) 
Other upfront costs ($) 
Annual percentage rate on loan (%) 
Market value of vehicle at end of loan ($) 
This is a hypothetical example used for illustrative purposes only. Actual results will vary depending on the terms of the lease and of the loan.

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