Lease or Purchase an Auto

Should I Lease Or Purchase An Auto?

Leasing has become a very popular method of acquiring a new auto. Although the payments may seem attractive, it may not always be the best financial decision versus purchasing the vehicle outright and financing it with a low interest loan.

Use the following calculator to help analyze the financial impact of lease versus buy.


	Common Assumptions	Input
	Down payment (capital reduction)
	Number of months
	Rebate amount
	Lease Information
	Monthly payment amount
	Security deposit/leasing fee
	Purchase Information
	Purchase price
	Sales tax rate: (%)
	Other upfront costs
	Annual percentage rate on loan: (%)
	Market value of vehicle at end of loan

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Any rate of return entered into the calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

The information provided here is to assist you in planning for your future. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please not that individual situations can vary. Therefore, the information should be relied upon when coordianted with individual advice from qualified professionals.