Truck Lease Vs. Buy Calculator |
To choose between a vehicle lease or loan, you’ll need to compare your total costs over the term of the arrangement. This calculator will give you a rough estimate of the costs involved, as well as a comparison between “lost interest” costs related to your initial expenses. It will even calculate your estimated monthly lease payment and/or your monthly loan payment if necessary.
Start with Line 1 and work your way through the entry fields and then click on “Compute” to arrive at cost figures. |
Description |
(A) Lease: |
(B) Loan: |
Instruct/Explain |
1. Purchase price: |
|
|
|
2. Sales tax rate: |
|
|
3. Fees: |
|
|
4. Cash Down payment: |
|
|
5. Net Trade-in allowance: |
|
|
6. Rebates: |
|
|
7. Term (in months): |
|
|
8. Interest rate (APR): |
|
|
9. Monthly payment: |
|
|
10. Security deposit: |
|
|
11. Estimated resale value: |
|
|
12. Annual savings rate: |
|
|
|
Description |
(A) Lease: |
(B) Loan: |
Instruct/Explain |
14. Monthly payment: |
|
|
|
15. Total of payments: |
|
|
16. Total interest expense: |
|
|
17. Net upfront expenses: |
|
|
18. Depreciation expense: |
|
|
19. Forgone Interest earnings: |
|
|
20. Total cost: |
|
|
21. Average cost per year: |
|
|