⚖️ Loan vs Lease Calculator

Compare the total cost of buying an asset with a loan versus leasing it.

⚠️ Disclaimer: This comparison tool provides estimates only. Actual loan and lease terms vary by lender, credit score, location, and negotiation. Consult a financial professional for major decisions.

Loan (Buying) Details

Purchase Price ($)

Down Payment ($)

Loan Interest Rate (%)

Loan Term (months)

Lease Details

Monthly Lease Payment ($)

Lease Term (months)

Lease Down Payment / Fees ($)

Loan Total Cost

Lease Total Cost

Loan vs Lease: Which Is Better?

Buying (Loan): You own the asset after the loan is repaid. Monthly payments are typically higher but you build equity. Best for long-term use.

Leasing: Lower monthly payments and no long-term commitment. You return the asset at the end of the lease. Best if you want lower payments or prefer upgrading frequently.

Reference: FTC - Leasing vs Buying a Car