Compare the true costs of leasing versus buying a car to make the smartest financial decision for your situation.
Based on 5-year total cost, choosing Buy New saves you $0.00 compared to other options.
Upfront payment amount.
Annual interest rate as a percentage.
Length of the loan in the specified time unit.
Own the car outright after loan payoff
Monthly Payment
$634.92
5-Year Total Cost
—
Lower payments but no ownership
Monthly Payment
$634.92
5-Year Total Cost
—
Lower purchase price, still own the car
Monthly Payment
$634.92
5-Year Total Cost
—
| Metric | Buy New | Lease | Buy Used |
|---|---|---|---|
| Monthly Payment | $634.92 | $634.92 | $634.92 |
| 5-Year Total Cost | — | — | — |
| Equity After 5 Years | — | — | — |
| Cost Per Mile | — | — | — |
Own the car outright after loan payoff
Lower payments but no ownership
Lower purchase price, still own the car