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Should I Lease or Purchase An Auto?

Leasing has become a very popular method of acquiring a new auto. Although the payments may seem attractive, it may not always be the best financial decision versus purchasing the vehicle outright and financing it with a low interest loan. Use the following calculator to help analyze the financial impact of lease versus buy.

Common Assumptions
Down payment (capital reduction)  
Number of months  
Rebate amount  
Lease Information
Monthly payment amount  
Security deposit/leasing fee  
Purchase Information
Purchase price  
Sales tax rate: (%)  
Other upfront costs  
Annual percentage rate on loan: (%)  
Market value of vehicle at end of loan  
« View All Auto Calculators

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