Auto Loan or Lease Calculator

Use this calculator to check if auto loan or lease can save the cost of using a car and achieve better a financial outlook.

Car Finance

Purchase price
Trade-in car value
Sales tax

Loan

Lease
Downpayment ($)
Term (months)
Interest rate
Money factor
Cash back offer
Origination fees
Other fixed fees the unavoidable fees you must pay whether to use loan or pay with cash, such as title, registration, inspection, government, and dealer fees.
Residual value

Comparison Results

Loan

Lease
Amount
Up-front payment
Monthly payment
Total payment
Investment yield the expected return of investment when you invest extra cash
Present value of cost
The winner plan The better choice is the one with the lower present value of cost, it brings a better financial outlook in the long term. winner winner

All Cash Purchase
Present value of cost winner

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Content created by

AlexCFA, FSA, FRM, MBA

Alex is a seasoned finance professional with over 15 years of experience in investment management, consulting, and financial technology. He began his career as a financial advisor and later led large-scale budgeting and risk management initiatives as an actuary and manager at KPMG and global insurance firms. He also brings extensive experience as both an investment analyst and a software engineer. Alex is a CFA® charterholder, Fellow of the Society of Actuaries (FSA), and Financial Risk Manager (FRM®). He holds an MBA from the Simon Business School at the University of Rochester.

Content published on 2024-08-01. Last reviewed and updated on 2025-10-02.