Compare the total cost of leasing vs buying to see which option saves you more money over the same period.
Leasing usually has a lower monthly payment and lower upfront cost, but you don't own anything at the end. Buying costs more month-to-month, but you build equity and eventually become payment-free.
If you drive more than 12,000–15,000 miles per year, leasing gets expensive fast due to mileage overage fees. If you like driving a new car every 2–3 years and stay within mileage limits, leasing can be a reasonable choice.
The calculator compares total out-of-pocket cost over the same time period, factoring in car value at the end. For a true apples-to-apples comparison, enter the same number of years for both options.