Buy vs Lease a Car

About You

What is your first name? — so we can customize the report just for you

How many miles do you typically drive per year?

Most leases cap at 10,000 – 15,000 miles per year. Going over means per-mile overage fees.

Under 10,000 miles
Low driver

10,000 – 14,999
Average driver

15,000 – 20,000
Higher mileage

Over 20,000
High mileage

How long do you typically keep a vehicle?

2 – 3 years
I like new cars often

4 – 5 years
Moderate turnover

6 – 10 years
I keep cars a long time

10+ years
Until it gives out

The Vehicle

What is the purchase price of the vehicle you are considering?

What down payment or trade-in value do you have available?

What interest rate do you expect on an auto loan?

Check your credit score — rates vary widely. Average in 2024 ranged from 5% to 12%.

What loan term are you considering if you buy?

36 months
3 years

48 months
4 years

60 months
5 years

72 months
6 years

What is the estimated monthly lease payment for this vehicle?

Check dealer quotes or use the manufacturer website. Lease payments are typically lower than loan payments.

Costs & Lifestyle

What do you estimate for annual maintenance and repair costs?

New cars under warranty cost very little. Older vehicles can run $1,000 – $3,000+ per year.

How important is always having a new or nearly new vehicle?

Very important — I love having the latest model

Nice but not essential

Not important — I care about value over newness

Do you use your vehicle for business purposes?

Lease payments may be tax-deductible for business use. Consult a tax advisor.

Yes — significant business use

Some business use

No — personal use only

How do you feel about mileage limits and wear-and-tear restrictions?

Fine with it — I drive conservatively

Somewhat concerned

It would be a problem — I drive a lot or hard

Monthly Buy Payment

—

per month

Monthly Lease Payment

—

per month

Total Cost to Buy

—

over loan term

Total Cost to Lease

—

over same period

Full Cost Comparison

Cost Factor	Buying	Leasing

Total Cost at a Glance

Comparing total out-of-pocket over the loan/lease period — including down payment, payments, and maintenance. Buying includes estimated resale value.

What This Means for You

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