Lease vs Buy Calculator

Compare leasing and buying options for your next vehicle. Calculate monthly payments, total costs, and make an informed decision about your vehicle financing.

Example: For a ₹10,00,000 car with 60% residual value, it will be worth ₹6,00,000 at lease end
Example: A money factor of 0.0025 is equivalent to a 6% annual interest rate

About Lease vs Buy Calculator

Our Lease vs Buy Calculator helps you compare the costs of leasing versus buying a vehicle. Make an informed decision by calculating monthly payments, total costs, and understanding the financial implications of each option.

Easy Comparison

Quickly compare monthly payments and total costs for both leasing and buying options

Cost Analysis

Analyze the total cost of ownership over time for both options

Term Planning

Plan your vehicle financing based on different loan and lease terms

Visual Analytics

View detailed charts comparing costs and payments

How to Use the Lease vs Buy Calculator

Enter Vehicle Details

Input the vehicle price, down payment, and financing terms

Set Financing Terms

Specify interest rate, loan term, and lease terms

Add Usage Details

Enter annual mileage and other usage parameters

View Results

Compare monthly payments and total costs for both options

Benefits of Using the Calculator

Informed Decision

Make a well-informed choice between leasing and buying based on your financial situation.

Cost Savings

Identify the most cost-effective option for your specific needs and budget.

Financial Planning

Plan your vehicle expenses and budget accordingly for the future.

Time Efficiency

Quickly compare multiple scenarios without complex calculations.

Key Features

Comprehensive Comparison

Compare all aspects of leasing vs buying, including monthly payments and total costs.

Flexible Terms

Adjust loan terms, lease periods, and other parameters to match your needs.

Visual Analytics

View detailed charts and graphs comparing different financing options.

Usage-Based Analysis

Factor in your driving habits and mileage requirements.

Frequently Asked Questions

What is the difference between leasing and buying a vehicle?
Leasing involves paying for the use of a vehicle for a specific period, while buying means you own the vehicle. Leasing typically has lower monthly payments but no ownership at the end, while buying builds equity but has higher monthly payments.
How do I decide between leasing and buying?
Consider factors like your budget, driving habits, and long-term plans. Leasing is good for those who want lower payments and like to change vehicles frequently, while buying is better for those who want to build equity and keep their vehicle long-term.
What is a money factor in leasing?
The money factor is similar to an interest rate in a loan. It's used to calculate the finance charge in a lease. A lower money factor means lower monthly payments.
What is residual value?
Residual value is the estimated value of the vehicle at the end of the lease term. It affects your monthly lease payments - a higher residual value typically means lower monthly payments.