Buy vs lease decisions, as applied to car leasing, typically involves a comparison of cost of buying with a conventional new-car loan, versus cost of leasing that same car. The difference can be significant, depending on details.

In calculations, make sure you compare real lease and loan situations. For example, you may want to look at a 3-year lease with low payments, but compare that to a 5-year loan to see the difference. You might also want to compare a lease for one vehicle to a loan on another.

A comparison of leasing and buying involves calculating lease and loan payments, as well as total costs. Having this type of information then allows an automotive consumer to make informed decisions that meet their financial objectives.

Buy vs lease calculations are best done with an online calculator designed just for this purpose, such that you can see a side-by-side cost comparison.

Buy vs lease calculators are available on various web sites, such as the Lease vs. Buy Calculator by LeaseGuide.com.

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