Buy or Lease Calculator
Should you lease or buy a car? Use this calculator to calculate your monthly payments and total net cost. By comparing these amounts, you can determine which is the better for you.
Making the decision between leasing or buying a vehicle can be a difficult decision. Buying sometimes comes with a higher monthly price tag but with the promise of owning a vehicle after it’s paid off. There are some conveniences when it comes to leasing including having a late-model car and having it during the trouble-free years. However, monthly payments go on as long as you’re leasing and come with more the same liabilities as owning a car. We hope this calculator can help show the financial differences between purchasing and leasing.
Our financial calculators are provided as a free service to our members. The information supplied by these calculators is from various sources based on calculations we believe to be reliable (but are not guaranteed, explicit or implied) regarding their accuracy or applicability to your specific circumstances. All examples are hypothetical and are for illustrative purposes, and are not intended to provide investment advice. TDECU does not accept any liability for loss or damage whatsoever, which may be attributable to the reliance on and use of the calculators. Use of any calculator constitutes acceptance of the terms of this agreement. TDECU recommends you to find a qualified professional for advice with regard to your personal finance issues.