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Car lease vs buy

Calculate Car lease vs buy instantly with the exact formula and a worked example.

Car lease vs buy

Rental per month (all inclusive)$
Termmonths
Purchase price$
Depreciation per year%
Insurance and maintenance per year$
Deposit interest rate%
Extra cost of renting
598,826$
Prices are approximate — enter your ownA negative value means renting is cheaper than buyingCalculate Car lease vs buy instantly with the exact formula and a worked example.
Rental over the term
2160000$
Buying over the term
1561174$
Lost interest on savings
519424$
Verdict
Buying is cheaper

More about: Car lease vs buy

What it calculates

The “Car lease vs buy” calculator computes Extra cost of renting in $ from 6 parameters: rental per month (all inclusive) ($), period (months), purchase price ($), value loss per year (%), insurance and maintenance per year ($), deposit interest rate (%).

A handy everyday calculator for daily tasks.

Example calculation

With parameters Rental per month (all inclusive) = 60,000 $, Period = 36 months, Purchase price = 2,000,000 $, Value loss per year = 15 %, Insurance and maintenance per year = 90,000 $, Deposit interest rate = 8 % the result is 598,826 $ (Prices are approximate — enter your own).

How to use

  1. Enter rental per month (all inclusive), period, purchase price, value loss per year, insurance and maintenance per year and deposit interest rate — each field above is adjustable with a slider.
  2. Extra cost of renting ($) is calculated automatically as you type.
  3. Check the worked example below to see the formula applied to real numbers.
  4. Copy the result or bookmark this calculator.

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FAQ

How is Car lease vs buy calculated?
The Car lease vs buy calculator computes Extra cost of renting (in $) from rental per month (all inclusive), period, purchase price, value loss per year, insurance and maintenance per year, deposit interest rate. Enter your values above and the exact formula is applied instantly; a worked example with real numbers is shown below.
Is the Car lease vs buy calculator free?
Yes. It is completely free, needs no signup, runs entirely in your browser, and sends no data to any server.

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