Which way costs less?

Type in the numbers from your paperwork. The signs below update as you type and show which choice would cost you the least over the next 3 years.

Best route · lowest total cost

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Your car right now

Price to buy your current car Called the “buyout” or “residual” price on your lease, or ask the leasing company for a payoff quote.

Purchase option fee A one-time fee in the lease contract for buying the car.

Monthly payments left on your current lease

payments

Your current monthly payment

What the car is worth today Get a free quote from Carvana or Kelley Blue Book.

The new lease offer

Monthly payment

Amount due at signing (“drive-off”)

Length of the lease

months

Fee for returning the car at the end (“disposition fee”)

Also show what happens if the new lease is returned early

Buying a different car

Price of the car (before tax)

Money you’d put down

Loan interest rate (APR)

% per year

Loan length

months

Fine-print assumptions (already set to sensible values)

Sales tax rate in your state

Value of money over time (discount rate) What your savings could earn instead — a high-yield savings account is a fair guide.

% per year

How much a new car loses in value in year 1

Value lost per year after that (all cars)