Calculateur Location vs Achat Auto — Formule

Leasing vs Buying a Car

Leasing has lower monthly payments but builds no equity. Buying costs more monthly but you own an asset at the end.

Comparison

Total Lease Cost = Monthly Payment x Term Months (you own nothing at the end)

Net Buy Cost = Total Payments - Residual Value (you keep the car)

The true comparison is total lease outflow vs (total loan payments minus the car's remaining value). If the car retains value well, buying usually wins long-term.

Exemple Résolu

$35,000 car, $350/mo lease vs $600/mo loan, 36-month term, 55% residual.

  1. Total lease = $350 x 36 = $12,600 (nothing to show for it)
  2. Total loan payments = $600 x 36 = $21,600
  3. Car value at end = $35,000 x 55% = $19,250
  4. Net buy cost = $21,600 - $19,250 = $2,350
  5. Buying costs $10,250 less when accounting for equity