Should I Purchase or Lease?


Purchase
 %
Lease
Purchase
Lease
Explanation
We calculated the Average Cost per Year, for purchase, as the sum of depreciation, interest and sales taxes, divided by the number of years you expect to keep the car. For a leased car, we calculated the Average Cost per Year as the sum of your down payment and total lease payments, divided by the life of the lease.
We estimated your total depreciation based on your car's purchase price and the number of years you intend to own it.