Comparison basis

Period: same number of months for both options
Buy: loan + estimated resale value
Lease: monthly payment + upfront and end fees
Note: insurance and maintenance are excluded

Input data

Compares both financing options over the same number of months.

Buy + loan

Lease

Help

Simplified model: excludes insurance, maintenance, tax, and mileage penalties.

Net buy cost = down payment + payments over the period − estimated resale value.