Auto Lease Calculator
Lease vs. Buy Comparison
| Aspect | Leasing | Buying |
|---|---|---|
| Ownership | Use vehicle during lease term | Own vehicle after loan payoff |
| Monthly Payments | Generally lower | Generally higher |
| Mileage | Limited (typically 12,000-15,000/year) | Unlimited |
| Long-term Cost | Higher (continuous payments) | Lower (build equity) |
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Leasing Tips
- Negotiate the vehicle price (capitalized cost)
- Check for manufacturer lease specials
- Understand mileage limitations
- Consider gap insurance