SHOULD YOU BUY, LEASE OR FINANCE A NEW CAR

Stop guessing! Use our advanced calculator to quickly find the smartest way to get your next ride: Lease, Buy, or Finance.

Vehicle Information

Buy Cash Options

Full upfront payment with immediate ownership and maximum tax deductions

Finance Options

Monthly payments with eventual ownership and good tax benefits

Lease Options

Lowest monthly payments with full business expense deduction

Business Tax Settings

Tax information that applies to all vehicle options

Recommended Option

Lease

Based on your inputs, leaseing offers the lowest total cost of ownership.

$18,711 net cost

Lease

Best
Monthly Payment
$650
Total Cost
$23,389
Tax Benefit
-$4,678
Net Cost
$18,711
✓ Lower monthly payments
✓ Always under warranty
✗ No ownership equity

Buy Cash

Upfront Payment
$45,000
Tax Benefit
-$7,200
Est. Residual Value
+$18,000
Net Cost
$19,800
✓ Full ownership
✓ Build equity
✗ Large upfront cost

Finance

Monthly Payment
$783
Total Cost
$51,959
Tax Benefit
-$7,200
Est. Residual Value
+$18,000
Net Cost
$26,759
✓ Build equity
✓ Moderate monthly payments
✗ Interest costs

Disclaimer: This calculator provides estimates for educational purposes only. Actual costs may vary based on your specific situation, creditworthiness, dealer incentives, and tax laws. Consult with a qualified tax professional and automotive finance specialist for personalized advice. Tax benefits assume compliance with IRS regulations for business vehicle use.